Pavlovich Melissa B. 4

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.