Eric T. Steigerwalt - Mar 1, 2023 Form 4 Insider Report for Brighthouse Financial, Inc. (BHF)

Role
President and CEO, Director
Signature
/s/ Jacob M. Jenkelowitz, Attorney-in-Fact, on behalf of Eric T. Steigerwalt
Stock symbol
BHF
Transactions as of
Mar 1, 2023
Transactions value $
$2,541,493
Form type
4
Date filed
3/3/2023, 05:05 PM
Previous filing
Mar 3, 2022
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHF Common Stock Options Exercise +38K +15.52% 283K Mar 1, 2023 Direct F1, F2
transaction BHF Common Stock Tax liability -$981K -16.8K -5.94% $58.35 266K Mar 1, 2023 Direct
transaction BHF Common Stock Award $6.31M +108K +40.62% $58.35 375K Mar 1, 2023 Direct F3
transaction BHF Common Stock Tax liability -$2.79M -47.8K -12.77% $58.35 327K Mar 1, 2023 Direct

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 -13.7K -100% $0.00* 0 Mar 1, 2023 Common Stock 13.7K Direct F2, F4
transaction BHF Restricted Stock Units Options Exercise $0 -11.9K -50% $0.00 11.9K Mar 1, 2023 Common Stock 11.9K Direct F2, F5
transaction BHF Restricted Stock Units Options Exercise $0 -12.5K -33.34% $0.00 25K Mar 1, 2023 Common Stock 12.5K Direct F2, F6
transaction BHF Restricted Stock Units Award $0 +30.8K $0.00 30.8K Mar 1, 2023 Common Stock 30.8K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Payout of shares upon the vesting of tranches of Restricted Stock Units ("RSUs") granted in March 2020, March 2021 and March 2022.
F2 Each Restricted Stock Unit represents the contingent right to receive one share of Brighthouse Financial, Inc. common stock.
F3 Shares acquired from the payout of the 2020 Performance Share Unit award. The number of shares issued was based on the achievement of performance goals over the 2020-2022 performance period.
F4 Represents the vesting of the final tranche of the 2020 RSU award.
F5 Represents the vesting of the second of three tranches of the 2021 RSU award. The final tranche will vest on the first business day in March 2024.
F6 Represents the vesting of the first of three tranches of the 2022 RSU award. The remaining tranches will vest in substantially equal installments on the first business day in March 2024 and 2025.
F7 RSUs awarded in 2023 will vest in three substantially equal installments on the first business day in March 2024, 2025 and 2026.