MetLife director granted 771 deferred shares
MetLife director Robert Glenn Hubbard received 771 shares of Common Stock at $70.60 per share as a grant under the MetLife Deferred Compensation Plan for Non-Management Directors.
Rhea-AI Filing Summary
MetLife director Robert Glenn Hubbard received 771 shares of Common Stock at $70.60 per share as a grant under the MetLife Deferred Compensation Plan for Non-Management Directors.
The footnote explains this was an imputed reinvestment of dividends on deferred shares. After this compensation-related acquisition, he directly holds 104,630 MetLife shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 771 shares
Grant/Award
1 txn
Insider
HUBBARD ROBERT GLENN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 771 | $70.60 | $54K |
Holdings After Transaction:
Common Stock — 104,630 shares (Direct)
Footnotes (1)
- F1. Imputed reinvestment of dividends on deferred shares pursuant to the MetLife Deferred Compensation Plan for Non-Management Directors. Deferred shares represent shares of MetLife, Inc. common stock that have become payable, but receipt of which the director has deferred.
FAQ
What insider transaction did MetLife (MET) report for Robert Glenn Hubbard?
MetLife reported that director Robert Glenn Hubbard acquired 771 shares of Common Stock at $70.60 per share. The shares were granted through imputed reinvestment of dividends on deferred shares, increasing his direct MetLife holdings to 104,630 shares after the transaction.
Was Robert Glenn Hubbard’s MetLife (MET) Form 4 transaction an open-market purchase?
The transaction was not an open-market purchase. It was coded as a grant or award, reflecting imputed reinvestment of dividends on deferred shares under MetLife’s Deferred Compensation Plan for Non-Management Directors, rather than a discretionary buy in the market.
What does the footnote on Robert Glenn Hubbard’s MetLife (MET) Form 4 explain?
The footnote explains that the 771 shares reflect imputed reinvestment of dividends on deferred shares under the MetLife Deferred Compensation Plan for Non-Management Directors. It clarifies that deferred shares are payable MetLife stock whose receipt the director has chosen to defer.
How is the MetLife (MET) Deferred Compensation Plan involved in this Form 4 grant?
The shares were acquired under the MetLife Deferred Compensation Plan for Non-Management Directors. Dividends on previously deferred shares were imputed as reinvested into additional MetLife common shares, resulting in a 771-share grant credited to Robert Glenn Hubbard’s direct holdings.
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