Zlatkus Lizabeth H 4

What Happened Lizabeth Zlatkus, a director of Brighthouse Financial, converted/exercised 2,837 derivative units (reporting code M) and concurrently recorded a disposition of 2,837 derivative units on 2026-06-02. She was also granted 2,651 restricted stock units (RSUs) (reporting code A) on the same date. All transactions show a reported price of $0.00, and the filing does not report cash proceeds.

Key Details

• Transaction date: 2026-06-02; Form 4 filed 2026-06-04 (timely filing).
• Converted/exercised (M): 2,837 units acquired @ $0.00; 2,837 units disposed @ $0.00.
• Grant/award (A): 2,651 RSUs granted @ $0.00.
• Shares/units owned after the reported transactions: not specified in the filing provided.
• Footnotes of note:
  • F1: Each RSU represents the contingent right to receive one share of BHF common stock.
  • F2: Award granted for Board service under the 2017 Non-Management Director Stock Compensation Plan.
  • F3: The RSUs associated with the conversion vested on the date of the 2026 annual meeting.
  • F4: The newly granted RSUs will vest on the earlier of the first anniversary of the grant or the 2027 annual meeting.
• No 10b5-1 plan, tax-withholding detail, or cash amounts are reported in the provided data.

Context

• RSUs are compensation, not open-market purchases — grants and conversions like these are routine board compensation and vesting events rather than a straightforward buy or sell signal.
• The conversion/exercise of vested RSUs and the concurrent disposition recorded in the Form 4 reflect settlement/transfer activity tied to vested awards; the filing does not disclose market-sale proceeds or indicate a typical open-market sale.
• For retail investors, purchases by insiders can be more informative than routine compensation-related filings; here the activity primarily reflects board compensation and vesting.