Hooley Stephen C 4
Research Summary
AI-generated summary
Brighthouse (BHF) Director Stephen Hooley Receives and Defers RSUs
What Happened
- Stephen C. Hooley, a director of Brighthouse Financial, received a new award of 2,651 restricted stock units (RSUs) and converted/exercised 2,837 RSUs that vested on the date of the 2026 annual meeting. All transactions are shown at $0.00 per share (no cash paid or received).
- The vested RSUs were elected to be deferred under the Brighthouse Services, LLC Deferred Compensation Plan for Non-Management Directors, so no shares were sold or transferred for cash — these are compensation and deferral actions, not open-market purchases or sales.
Key Details
- Transaction date(s): 2026-06-02; Form 4 filed: 2026-06-04 (timely filing).
- Transaction types: M = exercise/conversion of derivative (2,837 RSUs at $0.00 — acquired and immediately deferred); A = grant/award (2,651 RSUs at $0.00).
- Price/value: $0.00 per unit (RSUs represent contingent rights to shares; no cash changed hands in these entries).
- Shares owned after transaction: Not specified in this Form 4.
- Notable footnotes:
- F1/F4: Each RSU (and each deferred RSU) represents the right to one share of BHF common stock (or cash equal to a share’s value for deferred RSUs).
- F2/F3: The converted RSUs vested at the 2026 annual meeting; Mr. Hooley elected deferral under the non-management directors’ Deferred Compensation Plan. Payment will follow his deferral election or upon termination of director service.
- F5: The new 2,651 RSUs will vest on the earlier of the first anniversary of the grant or the 2027 annual meeting; vested shares will be deferred per his election.
Context
- These filings reflect standard director compensation and deferral elections rather than market buying or selling. The M-code entries show conversion/exercise of RSUs that vested; the simultaneous “acquired” and “disposed” entries reflect the election to defer the vested shares into the Deferred Compensation Plan rather than an open-market sale.