Paul M. Wetzel - Jun 8, 2023 Form 4 Insider Report for Brighthouse Financial, Inc. (BHF)

Role: Director
Signature: /s/ Jacob M. Jenkelowitz, Attorney-in-Fact, on behalf of Paul M. Wetzel
Stock symbol: BHF
Transactions as of: Jun 8, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/12/2023, 04:41 PM
Previous filing: May 31, 2023
Next filing: May 2, 2024

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	-3.36K	-100%	$0.00^*	0	Jun 8, 2023	Common Stock	3.36K		Direct	F1, F2, F3
transaction	BHF	Deferred Restricted Stock Units	Options Exercise	$0	+3.36K	+92.97%	$0.00	6.98K	Jun 8, 2023	Common Stock	3.36K		Direct	F2, F3, F4
transaction	BHF	Restricted Stock Units	Award	$0	+3.7K		$0.00	3.7K	Jun 8, 2023	Common Stock	3.7K		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 2023 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 2024 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.