Offereins Diane E 4

What Happened
Diane E. Offereins, a director of Brighthouse Financial, had 2,837 derivative units converted/exercised on 2026-06-02 and those 2,837 shares were recorded as disposed (both at $0). On the same date she was granted 2,651 Restricted Stock Units (RSUs) as a board service award. All reported prices and dollar values for these entries are $0 (typical for RSU vesting/grants).

Key Details

• Transaction date: 2026-06-02; Form 4 filed: 2026-06-04 (appears timely).
• Converted/exercised: 2,837 derivative units (code M) — acquired and immediately disposed at $0 (derivative).
• Grant/award: 2,651 RSUs (code A) at $0.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes:
  • F1: Each RSU represents a contingent right to one BHF common share.
  • F2: The 2,651-RSU grant was awarded for board service under the 2017 Non-Management Director Stock Compensation Plan.
  • F3: The RSUs that converted/vested did so on the date of BHF’s 2026 annual meeting.
  • F4: The new 2,651 RSUs vest on the earlier of the first anniversary of the grant or the 2027 annual meeting.
• The $0 disposal on the converted RSUs is consistent with routine net settlement or withholding practices for vested RSUs (i.e., shares withheld to satisfy taxes), rather than an open-market sale.

Context
RSU conversions and new RSU awards to directors are common components of board compensation. The conversion here did not produce cash proceeds (reported at $0) and the new RSUs will vest in the future per plan terms, so these entries reflect compensation mechanics rather than a straightforward buy or sell signaling a personal investment decision.