Juel Carol 4

What Happened
Juel Carol, a member of Brighthouse Financial's board of directors, recorded a conversion/exercise of derivative awards on May 1, 2026. The filing shows 3,361 shares were acquired at $0.00 (conversion of RSUs) and a corresponding 3,361-share disposal at $0.00 (a transfer/disposition related to the derivative). No cash changed hands and no open‑market sale occurred — this reflects the vesting/conversion and payout of previously awarded restricted stock units under a deferred compensation arrangement.

Key Details

• Transaction date: 2026-05-01; Filing date: 2026-05-05. (Form 4 normally must be filed within two business days of the transaction; this filing appears to have been submitted after that window.)
• Transaction type: M (exercise/conversion of derivative); reported as both an acquisition and a corresponding disposition at $0.00.
• Share count: 3,361 shares acquired and 3,361 shares disposed (derivative conversion/distribution).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 clarifies each RSU equals one share; F2 notes the award was for board service under the 2017 Non‑Management Director Stock Compensation Plan; F3 states the RSUs vested on June 8, 2023 and were credited to the reporting person’s deferred compensation account per a deferral election, with the current payment being made per that election.

Context: This is a non‑market compensation event (conversion/payout of vested RSUs into shares and transfer under a deferred comp election), not a purchase or a sale to outside investors. Such filings typically reflect routine director compensation and distributions rather than active buying or selling for investment purposes.