MetLife (MET) director Kennard granted 587 deferred shares as board compensation
Rhea-AI Filing Summary
Kennard William E reported acquisition or exercise transactions in this Form 4 filing.
MetLife Inc. director William E. Kennard received a grant of 587 shares of common stock as non-management director compensation. The award was valued at $87.40 per share and increased his direct holdings to 47,410 shares. He elected to defer receipt of these shares under the MetLife Deferred Compensation Plan for Non-Management Directors. The filing also shows 10 shares of common stock held indirectly through the MetLife Policyholder Trust.
Positive
- None.
Negative
- None.
Insights
Routine stock-based fee payment to MetLife director, not a market trade.
Non-management director William E. Kennard received 587 MetLife common shares as part of standard director retainer fees, at $87.40 per share. This is compensation delivered in equity, not an open-market purchase or sale.
The director elected to defer these shares under the MetLife Deferred Compensation Plan for Non-Management Directors, indicating long-term alignment but providing no trading signal. He now holds 47,410 shares directly, plus 10 shares indirectly via the MetLife Policyholder Trust.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 587 | $87.40 | $51K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- MetLife, Inc.'s non-management director compensation arrangements pay a portion of non-management director retainer fees in MetLife, Inc. common stock. The director elected to defer receipt of these shares under the MetLife Deferred Compensation Plan for Non-Management Directors. Shares held in trust under the MetLife Policyholder Trust established to hold shares of common stock allocated to eligible policyholders of Metropolitan Life Insurance Company, a wholly-owned subsidiary of MetLife, Inc.