Juel Carol 4

What Happened Carol Juel, a director of Brighthouse Financial, reported converting/exercising 2,837 derivative units and receiving a grant of 2,651 restricted stock units (RSUs) on June 2, 2026. All transactions show a $0 exercise/grant price and no cash proceeds. The converted/vested RSUs and the newly granted RSUs are being handled under the company's deferred compensation arrangements for non‑management directors—this is routine board compensation rather than an open‑market buy or sale.

Key Details

• Transaction date: June 2, 2026; Form 4 filed June 4, 2026.
• Conversion/exercise (code M): 2,837 derivative units recorded as both disposed and acquired at $0.00.
• Grant/award (code A): 2,651 RSUs acquired at $0.00.
• Shares owned after transaction: not specified in the filing excerpt.
• Notable footnotes:
  • F1: Each RSU equals the contingent right to one BHF common share.
  • F2: Award was for board service under the 2017 Non‑Management Director Stock Compensation Plan.
  • F3: The converted/vested RSUs vested at the 2026 annual meeting; Juel elected to defer these under the Brighthouse Deferred Compensation Plan for Non‑Management Directors.
  • F4: Each deferred RSU represents a deferred right to one share or a cash equivalent.
  • F5: The newly granted RSUs vest on the earlier of the first anniversary of grant or the 2027 annual meeting and will be deferred per the director’s election.
• Filing timeliness: Form filed two days after the reported transactions (no late‑filing indication in the report).

Context This filing documents compensation and deferral mechanics for a non‑management director rather than a market purchase or sale. The conversion/vesting and new RSU grant involve no immediate cash and are being deferred for future payment (stock or cash) per the director’s deferral election. Such filings are common for director compensation and do not, by themselves, indicate trading sentiment.