CHAPLIN C EDWARD 4

What Happened
Edward Chaplin, a director of Brighthouse Financial, converted 4,556 vested restricted stock units (RSUs) into common shares (reported as exercise/conversion of a derivative) and was granted 4,257 new RSUs on June 2, 2026. All transactions show $0.00 per share (typical for RSU conversion/grants), so no cash purchase or sale occurred in these entries.

Key Details

• Transaction date: June 2, 2026; Form 4 filed June 4, 2026 (timely — within typical 2-business-day window).
• Converted/exercised derivative: 4,556 shares @ $0.00 (reported as acquired and derivative disposed) — these were previously awarded RSUs that vested.
• New grant: 4,257 RSUs @ $0.00 (awarded on the same date) — these RSUs are a new grant and are subject to vesting conditions.
• Footnotes:
  • F1: Each RSU represents the right to one share of BHF common stock.
  • F2/F3: The 4,556 units derive from prior awards (2,837 RSUs for board service + 1,719 RSUs as independent Chairman) which vested on the date of the 2026 annual meeting.
  • F4/F5: The 4,257 RSU grant (2,651 for board service + 1,606 for independent Chairman) will vest on the earlier of the first anniversary of the grant or the 2027 annual meeting.
• Shares owned after the transaction: Not specified in the filing.

Context

• Code M denotes exercise or conversion of a derivative (here, vested RSUs converted into stock). Code A denotes a grant/award (new RSUs).
• These entries are not open-market buys or sales; they reflect standard director compensation (vesting conversion and new RSU award), so they are routine rather than a direct market sentiment signal.