Pavlovich Melissa B. 4

4 · Brighthouse Financial, Inc. · Filed Mar 2, 2026

AI-generated summary of this filing

Updated Mar 2, 2026

Brighthouse (BHF) CAO Melissa Pavlovich Receives Awards, Sells Shares

What Happened

Melissa B. Pavlovich, Chief Accounting Officer of Brighthouse Financial (BHF), received vested equity awards and completed related transactions. On Feb 27 and Mar 2, 2026 she was awarded/received a total of 4,961 shares (1,302 on 2/27 and 3,659 on 3/2) tied to PSU/RSU vesting. To satisfy tax obligations, 388 shares were withheld/sold on 2/27 for $59.98 each ($23,272) and 468 shares were withheld/sold on 3/2 for $59.98 each ($28,071), totaling about $51,343. On 3/2 she also exercised/converted 1,383 derivative units that were effectively net-settled (1,383 underlying shares converted and the same number of derivative shares disposed for tax/settlement).

Key Details

Transaction dates and prices:
- 2026-02-27: Award of 1,302 shares (A); 388 shares withheld/sold for taxes at $59.98 → $23,272 (F).
- 2026-03-02: Exercise/conversion of 1,383 derivative units (M) and net settlement/disposition of those derivative shares (zero reported sale price); Award of 3,659 shares (A); 468 shares withheld/sold for taxes at $59.98 → $28,071 (F).
Total awarded/received shares: 4,961. Total shares withheld/sold for taxes: 856. Total cash realized from tax-withholding sales: ≈ $51,343.
Shares owned after the transactions: Not disclosed in this filing.
Notable footnotes: Awards include PSUs earned for the 2023–2025 performance period and RSU tranche payouts from 2023, 2024 and 2025 grants; some shares were withheld specifically to cover tax obligations (net/share withholding). RSUs are each the right to one common share; future RSU tranches are noted in the filing (see footnotes).
Filing timeliness: Form 4 was filed on 2026-03-02 for transactions dated 2026-02-27 and 2026-03-02 — reported within the normal SEC Form 4 filing window (timely).

Context

These transactions are largely vesting and net-settlement/tax-withholding events, not open-market purchases or voluntary sales for investment purposes. The M-code entries reflect conversion/exercise of derivative awards (e.g., PSUs/RSUs settling into shares) with net-share settlement used to satisfy tax withholding (F-code). Such award vesting and withholding are routine compensation events and do not, by themselves, indicate an insider buying or selling shares for market sentiment.

Form 4

Period: 2026-02-27

Chief Accounting Officer

Transactions

Award
Common Stock
[F1]
2026-02-27+1,302→ 8,124 total
Tax Payment
Common Stock
[F2]
2026-02-27$59.98/sh−388$23,272→ 7,736 total
Exercise/Conversion
Common Stock
[F3][F4]
2026-03-02+1,383→ 9,119 total
Tax Payment
Common Stock
[F5]
2026-03-02$59.98/sh−468$28,071→ 8,651 total
Exercise/Conversion
Restricted Stock Units
[F4][F6]
2026-03-02−413→ 0 total
→ Common Stock (413 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F7]
2026-03-02−538→ 538 total
→ Common Stock (538 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F8]
2026-03-02−432→ 862 total
→ Common Stock (432 underlying)
Award
Restricted Stock Units
[F4][F9]
2026-03-02+3,659→ 3,659 total
→ Common Stock (3,659 underlying)

Footnotes (9)

[F1]Shares earned under the 2023 Performance Share Unit ("PSUs") award based on the achievement of performance goals over the 2023-2025 performance period.
[F2]Shares withheld to cover tax obligations in connection with the vesting of PSUs.
[F3]Payout of shares upon vesting of tranches of Restricted Stock Units ("RSUs") granted in March 2023, March 2024 and March 2025.
[F4]Each RSU represents the contingent right to receive one share of Brighthouse Financial, Inc. common stock.
[F5]Shares withheld to cover tax obligations in connection with the vesting of RSUs.
[F6]Represents the vesting of the final vesting of tranche of the 2023 RSU award.
[F7]Represents the vesting of the second of three tranches of the 2024 RSU award. The final tranche will vest on the first business day in March 2027.
[F8]Represents the vesting of the first of three tranches of the 2025 RSU award. The remaining tranches will vest in substantially equal installments on the first business day in March 2027 and March 2028.
[F9]RSUs awarded in 2026 will vest in three substantially equal installments on the first business day in March 2027, March 2028 and March 2029.

Signature

/s/ Jacob J. Jenkelowitz, Attorney-in-Fact, on behalf of Melissa B. Pavlovich|2026-03-02

1 file