[Form 4] Brighthouse Financial, Inc. Insider Trading Activity

Brighthouse Financial director Paul M. Wetzel reported compensation-related equity activity involving deferred restricted stock units (RSUs).

Rhea-AI Filing Summary

Brighthouse Financial director Paul M. Wetzel reported compensation-related equity activity involving deferred restricted stock units (RSUs). On May 1, 2026, he exercised RSU-based derivative awards to receive 4,823 shares of Brighthouse Financial, Inc. common stock at a conversion price of $0.00 per share.

The RSUs were granted for service on the Board under Brighthouse equity plans and had previously vested in June 2023 and June 2024. Shares were delivered according to Wetzel’s deferred compensation elections, with installments scheduled in 2025, 2026 and 2027. The filing also notes 9 shares of common stock held indirectly through his spouse.

Insider Trade Summary

4,823 shares exercised/converted

Exercise 5 txns

Insider Wetzel Paul M.

Role Director

Type	Security	Shares	Price	Value
Exercise	Deferred Restricted Stock Units	1,120	$0.00	$0.00
Exercise	Deferred Restricted Stock Units	3,703	$0.00	$0.00
Exercise	Common Stock	1,120	$0.00	$0.00
Exercise	Common Stock	3,703	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Deferred Restricted Stock Units — 4,971 contracts (Direct); Common Stock — 20,826 shares (Direct); Common Stock — 9 shares (Indirect, Shares held by spouse)

Footnotes (4)

1. F1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Brighthouse Financial, Inc. ("BHF") common stock.
2. F2. Award for service as a Board member pursuant to the Brighthouse Financial, Inc. 2017 Non-Management Director Stock Compensation Plan.
3. F3. The RSUs vested on June 8, 2023 and the vested shares were credited to the Reporting Person's deferred compensation account in accordance with the Reporting Person's deferral election made pursuant to the terms of the Brighthouse Servies, LLC Deferred Compensation Plan for Non-Management Directors. In accordance with the Reporting Person's deferral election, one-third of the shares were paid out on May 1, 2025, one-third of the shares were paid out on May 1, 2026, and the final one-third installment will be paid out on May 1, 2027, or, if earlier, in whole termination of the Reporting Person's service as a Director.
4. F4. The RSUs vested on June 6, 2024 and the vested shares were credited to the Reporting Person's deferred compensation account in accordance with the Reporting Person's deferral election made pursuant to the terms of the Brighthouse Services, LLC Deferred Compensation Plan for Non-Management Directors. The shares are being paid out in accordance with the Reporting Person's deferral election.

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Accepted by SEC EDGAR 05/05/2026 - 04:20 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wetzel Paul M.

(Last) (First) (Middle)

11225 N COMMUNITY HOUSE RD

(Street)

CHARLOTTE NORTH CAROLINA 28277

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Brighthouse Financial, Inc. [ BHF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/01/2026		M		1,120	A	$0(1)	17,123	D
Common Stock	05/01/2026		M		3,703	A	$0(1)	20,826	D
Common Stock								9	I	Shares held by spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Restricted Stock Units	(1)	05/01/2026		M			1,120(2)	(3)	(3)	Common Stock	0	$0	8,674	D
Deferred Restricted Stock Units	(1)	05/01/2026		M			3,703(2)	(4)	(4)	Common Stock	0	$0	4,971	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Brighthouse Financial, Inc. ("BHF") common stock.

2. Award for service as a Board member pursuant to the Brighthouse Financial, Inc. 2017 Non-Management Director Stock Compensation Plan.

3. The RSUs vested on June 8, 2023 and the vested shares were credited to the Reporting Person's deferred compensation account in accordance with the Reporting Person's deferral election made pursuant to the terms of the Brighthouse Servies, LLC Deferred Compensation Plan for Non-Management Directors. In accordance with the Reporting Person's deferral election, one-third of the shares were paid out on May 1, 2025, one-third of the shares were paid out on May 1, 2026, and the final one-third installment will be paid out on May 1, 2027, or, if earlier, in whole termination of the Reporting Person's service as a Director.

4. The RSUs vested on June 6, 2024 and the vested shares were credited to the Reporting Person's deferred compensation account in accordance with the Reporting Person's deferral election made pursuant to the terms of the Brighthouse Services, LLC Deferred Compensation Plan for Non-Management Directors. The shares are being paid out in accordance with the Reporting Person's deferral election.

Remarks:

	/s/ Alexander V. Ulianov, Attorney-in-Fact, on behalf of Paul M. Wetzel	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)