Michel Khalaf - 05 Feb 2024 Form 4 Insider Report for METLIFE INC (MET)

Role
President & CEO, Director
Signature
/s/ Anna Nazarenko, Authorized Signer
Issuer symbol
MET
Transactions as of
05 Feb 2024
Net transactions value
-$212,407
Form type
4
Filing time
07 Feb 2024, 16:24:03 UTC
Previous filing
02 Mar 2023
Next filing
29 Feb 2024
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 $1,136,922 +25,181 +6.6% $45.15 406,447 05 Feb 2024 Direct
transaction MET Common Stock Sale $1,349,329 -20,460 -5% $65.95 385,987 05 Feb 2024 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 Option (Right to Buy) Options Exercise $0 -25,181 -100% $0.000000* 0 05 Feb 2024 Common Stock 25,181 $45.15 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 5, 2024 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 $65.94 to $65.97, 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 2,685 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 25, 2015, 2016 and 2017.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney