Eileen A. Mallesch - Jun 10, 2021 Form 4 Insider Report for Brighthouse Financial, Inc. (BHF)

Role
Director
Signature
/s/ Jacob M. Jenkelowitz, Attorney-in-Fact, on behalf of Eileen A. Mallesch
Stock symbol
BHF
Transactions as of
Jun 10, 2021
Transactions value $
$0
Form type
4
Date filed
6/11/2021, 04:16 PM
Next filing
Aug 18, 2021

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 BHF Restricted Stock Units Options Exercise $0 -3.45K -100% $0.00* 0 Jun 10, 2021 Common Stock 3.45K Direct F1, F2, F3
transaction BHF Deferred Restricted Stock Units Options Exercise $0 +3.45K $0.00 3.45K Jun 10, 2021 Common Stock 3.45K Direct F2, F3, F4
transaction BHF Restricted Stock Units Award $0 +3.62K $0.00 3.62K Jun 10, 2021 Common Stock 3.62K Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Brighthouse Financial, Inc. ("BHF") common stock.
F2 Award for service as a Board member pursuant to the Brighthouse Financial, Inc. 2017 Non-Management Director Stock Compensation Plan.
F3 The RSUs vested on the date of the 2021 annual meeting of stockholders of BHF. The Reporting Person has elected to defer these shares pursuant to the Brighthouse Services, LLC Deferred Compensation Plan for Non-Management Directors (the "Deferred Compensation Plan"). The shares will be paid out (i) in accordance with the Reporting Person's deferral election; or, if earlier, (ii) upon termination of the Reporting Person's service as a Director.
F4 Each deferred RSU represents the deferred right to receive one share of BHF common stock, or a cash payment equal to the value of one share of BHF common stock.
F5 The RSUs will vest on the earlier of the first anniversary of the grant date or the date of the 2022 annual meeting of stockholders of BHF. Vested shares will be deferred in accordance with the Reporting Person's deferral election pursuant to the Deferred Compensation Plan.