MetLife (NYSE: MET) accounts file Form 144 for small stock sale
Rhea-AI Filing Summary
MetLife-related accounts filed a notice to sell a small block of the issuer's common stock under SEC Rule 144. The filing covers a proposed sale of 38 shares of common stock through Bernstein Institutional Services LLC on the NYSE, with an aggregate market value of $3,104.98. The table notes that 658,891,656 shares of this class were outstanding.
The seller acquired these 38 shares in a cash purchase from Bank of America on 12/17/2019, with payment made on 12/19/2019. The notice also lists prior sales over the past three months by various MetLife-related accounts, including Separate Account II, Separate Account SPI, Separate Account 149, the MetLife 401k Plan Trust–Large Cap Equity Index, and the MetLife 401k Plan Russell 1000 Value, each selling modest amounts of common stock with disclosed dates and gross proceeds.
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FAQ
What does this Form 144 filing for MET disclose?
The filing discloses an intended sale of 38 shares of the issuer's common stock under Rule 144, to be sold through Bernstein Institutional Services LLC on the NYSE, with an aggregate market value of $3,104.98.
How many shares of the issuer's common stock are outstanding according to this Form 144?
The Form 144 states that there are 658,891,656 shares of the issuer's common stock outstanding for the class of securities referenced.
When and how were the 38 shares in this Form 144 acquired?
The 38 shares of common stock were purchased from Bank of America on 12/17/2019, with payment made in cash on 12/19/2019.
Which broker and exchange are involved in the planned sale in this MET Form 144?
The planned sale will be executed through Bernstein Institutional Services LLC, located at 245 Park Ave, New York, NY 10167, and the securities are listed on the NYSE.
What prior sales over the past three months are reported in this MET Form 144?
The filing lists past three‑month sales of common stock by several MetLife-related accounts, including Separate Account II, Separate Account SPI, Separate Account 149, the MetLife 401k Plan Trust–Large Cap Equity Index, and the MetLife 401k Plan Russell 1000 Value, each with specific sale dates, share amounts, and gross proceeds.
What representation does the seller make in signing this Form 144?
By signing, the seller represents that they do not know any material adverse information about the issuer's current or prospective operations that has not been publicly disclosed, and that this representation also applies as of any Rule 10b5-1 plan adoption or trading instruction date, if applicable.