Inserra Michael J. 4

What Happened

• Michael J. Inserra, a director of Brighthouse Financial, reported RSU-related activity on June 2, 2026. The filing shows a grant of 2,651 Restricted Stock Units (RSUs) (code A) and several exercise/conversion entries (code M) for RSUs totaling multiple 1,418–1,419 share lots. All reported transactions show a $0.00 per-share price, indicating these were awards/vests/conversions of derivative awards rather than cash purchases or sales. The reporting person elected to defer the shares under the company’s Deferred Compensation Plan, so payment will be made later per his deferral election or upon termination of board service.

Key Details

• Transaction date: 2026-06-02; Form 4 filed: 2026-06-04 (appears timely).
• Reported items:
  • Grant/Award (A): 2,651 RSUs @ $0.00 (acquired)
  • Exercise/Conversion (M): entries of 1,418 and 1,419 RSUs (both acquired and recorded as disposed in the filing, representing conversion/transfer of derivative awards) @ $0.00
• No cash was paid or received in these transactions (price $0.00).
• Shares owned after the transactions are not specified in the information provided in this summary.
• Footnotes of note:
  • F1–F2: Each RSU equals the contingent right to receive one BHF common share; awards are board service compensation under the 2017 Non‑Management Director plan.
  • F3: Certain RSUs vested on the date of the 2026 annual meeting.
  • F4–F5: The reporting person elected to defer these RSUs under the Brighthouse Deferred Compensation Plan; each deferred RSU represents the deferred right to one share (or cash equal to a share).
  • F6: Some RSUs will vest on the earlier of the first anniversary of the grant or the 2027 annual meeting; certain vested shares will be deferred per the deferral election.

Context

• These transactions are compensation-related (awards and vested RSUs), not open‑market buys or sales, and therefore are routine board compensation rather than a direct market sentiment signal. Because the shares were deferred, Inserra will receive stock or cash later according to his deferral election (or sooner if he leaves the board). The $0.00 price is standard for RSU vesting/conversion and does not indicate a market purchase.