Steven J. Goulart - 08 Feb 2022 Form 4 Insider Report for METLIFE INC (MET)

Role
EVP & Chief Investment Officer
Signature
/s/ Anna Nazarenko, Authorized Signer
Issuer symbol
MET
Transactions as of
08 Feb 2022
Net transactions value
-$1,304,357
Form type
4
Filing time
10 Feb 2022, 15:48:21 UTC
Next filing
24 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MET Common Stock Options Exercise $2,692,019 +78,691 +41% $34.21 272,233 08 Feb 2022 Direct
transaction MET Common Stock Sale $3,996,376 -56,857 -21% $70.29 215,376 08 Feb 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MET Employee Stock Options (right to buy) Options Exercise $0 -78,691 -100% $0.000000* 0 08 Feb 2022 Common Stock 78,691 $34.21 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person sold only the number of shares of MetLife, Inc.'s common stock necessary to pay the exercise price of the options exercised on February 8, 2022 and related tax obligations and fees.
F2 The price reported is the weighted average price of the aggregate number of shares sold in multiple open market transactions. The shares were sold at prices between $70.25 to $70.42, inclusive. The reporting person undertakes to provide to the staff of the SEC, MetLife, Inc., or a security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.
F3 Includes 8,391 stock options previously added to the reporting person's award through an adjustment to maintain the intrinsic value of the stock options in light of the distribution by MetLife, Inc. to its shareholders of Brighthouse Financial, Inc. common stock. The reporting person did not receive shares of Brighthouse Financial, Inc. common stock on account of the stock options.
F4 The options became exercisable in three substantially equal installments on February 28, 2013, 2014 and 2015.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney