STOCK TITAN

Brighthouse (BHF) director Inserra exercises stock units and receives new RSU grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Brighthouse Financial, Inc. director Michael J. Inserra reported equity compensation-related transactions in company stock. On 2026-06-02, he exercised previously granted restricted stock units and deferred restricted stock units to acquire 1,418 shares of Common Stock at a stated price of $0.00 per share, reflecting the conversion of vested awards rather than an open-market purchase.

Inserra also received a new grant of 2,651 Restricted Stock Units for service on the Board under the company’s 2017 Non-Management Director Stock Compensation Plan. The filing shows 4,256 derivative units were exercised or converted in total, and after these transactions he directly holds 9,116 shares of Common Stock. He also holds 3,618 Deferred Restricted Stock Units, which represent rights to receive Brighthouse common stock or equivalent cash in the future in line with his deferral elections and service as a director.

Positive

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Insider Inserra Michael J.
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 1,418 $0.00 --
Exercise Restricted Stock Units 1,419 $0.00 --
Exercise Deferred Restricted Stock Units 1,419 $0.00 --
Grant/Award Restricted Stock Units 2,651 $0.00 --
Exercise Common Stock 1,418 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Deferred Restricted Stock Units — 3,618 shares (Direct, null); Common Stock — 9,116 shares (Direct, null)
Footnotes (1)
  1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Brighthouse Financial, Inc. ("BHF") common stock. Award for service as a Board member pursuant to the Brighthouse Financial, Inc. 2017 Non-Management Director Stock Compensation Plan. The RSUs vested on the date of the 2026 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"). Payment of the shares will be made (i) in accordance with the Reporting Person's deferral election; or, if earlier, (ii) starting upon termination of the Reporting Person's service as a Director. 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. The RSUs will vest on the earlier of the first anniversary of the grant date or the date of the 2027 annual meeting of stockholders of BHF. Certain vested shares will be deferred in accordance with the Reporting Person's deferral election pursuant to the Deferred Compensation Plan.
Common shares acquired 1,418 shares Common Stock from derivative exercise on 2026-06-02
Total derivative units exercised 4,256 units Exercise or conversion of derivative securities reported in summary
New RSU grant 2,651 RSUs Award for Board service under 2017 Non-Management Director Stock Compensation Plan
Deferred RSUs after transaction 3,618 deferred RSUs Deferred Restricted Stock Units total following 2026-06-02 transactions
Common shares held after transactions 9,116 shares Total Brighthouse Financial common stock directly owned after exercises
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Brighthouse Financial, Inc. common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Deferred Restricted Stock Units financial
"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."
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
Deferred Compensation Plan financial
"The Reporting Person has elected to defer these shares pursuant to the Brighthouse Services, LLC Deferred Compensation Plan for Non-Management Directors."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
2017 Non-Management Director Stock Compensation Plan financial
"Award for service as a Board member pursuant to the Brighthouse Financial, Inc. 2017 Non-Management Director Stock Compensation Plan."
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SEC Form 4
FORM 4UNITED 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*
Inserra Michael J.

(Last)(First)(Middle)
11225 NORTH COMMUNITY HOUSE ROAD

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/02/2026M1,418A$0(1)9,116D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/02/2026M1,418(2) (3) (3)Common Stock1,418$00D
Restricted Stock Units(1)06/02/2026M1,419(2) (3)(4) (3)(4)Common Stock1,419$00D
Deferred Restricted Stock Units(5)06/02/2026M1,419(2) (3)(4) (3)(4)Common Stock1,419$03,618D
Restricted Stock Units(1)06/02/2026A2,651(2) (6) (6)Common Stock2,651$02,651D
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 the date of the 2026 annual meeting of stockholders of BHF.
4. 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"). Payment of the shares will be made (i) in accordance with the Reporting Person's deferral election; or, if earlier, (ii) starting upon termination of the Reporting Person's service as a Director.
5. 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.
6. The RSUs will vest on the earlier of the first anniversary of the grant date or the date of the 2027 annual meeting of stockholders of BHF. Certain vested shares will be deferred in accordance with the Reporting Person's deferral election pursuant to the Deferred Compensation Plan.
Remarks:
/s/ Alexander V. Ulianov, Attorney-in-Fact, on behalf of Michael J. Inserra06/04/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transactions did Michael J. Inserra report at Brighthouse Financial (BHF)?

Michael J. Inserra reported exercising restricted stock units and deferred restricted stock units and receiving a new restricted stock unit grant. These are equity compensation events for his Board service, not open-market purchases or sales of Brighthouse Financial common stock.

How many Brighthouse Financial shares did Michael J. Inserra acquire through exercises?

He acquired 1,418 shares of Brighthouse Financial common stock through the exercise or conversion of previously granted restricted stock units. In total, 4,256 derivative units were exercised or converted, reflecting vested equity awards rather than discretionary market buying.

What new restricted stock unit award did Michael J. Inserra receive from BHF?

Inserra received a grant of 2,651 Restricted Stock Units as an award for service as a Board member under Brighthouse Financial’s 2017 Non-Management Director Stock Compensation Plan. These RSUs will vest based on specified dates tied to the company’s annual stockholder meetings.

How many Brighthouse Financial shares does Michael J. Inserra hold after these transactions?

Following the reported transactions, Inserra directly holds 9,116 shares of Brighthouse Financial common stock. He also holds 3,618 Deferred Restricted Stock Units, which represent rights to receive shares or equivalent cash value in the future under his deferral elections.

What are Deferred Restricted Stock Units in the Brighthouse Financial Form 4 filing?

Deferred Restricted Stock Units represent the deferred right to receive one share of Brighthouse Financial common stock, or equivalent cash, per unit. Payment occurs according to the director’s deferral election or beginning after the director’s service on the Board ends, as described in the filing.