Form 4: Brighthouse Financial Director Michael J. Inserra Receives Restricted Stock Unit Award

Brighthouse Financial, Inc. Director Michael J. Inserra was granted 2,837 Restricted Stock Units as part of his compensation for board service.

Summary

• Director Michael J. Inserra of Brighthouse Financial, Inc. (BHF) was awarded 2,837 Restricted Stock Units (RSUs) on June 12, 2025.
• Each RSU represents the contingent right to receive one share of Brighthouse Financial, Inc. common stock.
• The award was granted for service as a Board member under the Brighthouse Financial, Inc. 2017 Non-Management Director Stock Compensation Plan.
• The RSUs will vest on the earlier of the first anniversary of the grant date (June 12, 2026) or the date of the 2026 annual meeting of stockholders of BHF.
• Certain vested shares will be deferred in accordance with Mr. Inserra's deferral election pursuant to the Brighthouse Services, LLC Deferred Compensation Plan for Non-Management Directors.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it reflects routine, expected compensation that aligns director and shareholder interests, with no negative implications.

Positives

• The award of Restricted Stock Units to a director aligns the director's interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• This is a standard practice for compensating non-management directors, indicating adherence to established corporate governance practices.

Future Outlook

The Restricted Stock Units are scheduled to vest on the earlier of June 12, 2026, or the date of Brighthouse Financial's 2026 annual meeting of stockholders. Certain vested shares will be deferred according to the director's election.

Industry Context

The granting of Restricted Stock Units to non-management directors is a common compensation practice across various industries, including financial services, to attract and retain qualified board members and align their long-term interests with those of shareholders.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) for director compensation is a widely adopted practice among publicly traded companies, including those in the financial sector, such as MetLife, Prudential Financial, and Lincoln National Corporation, which often utilize equity-based awards to align director incentives with shareholder value creation.
• The vesting schedule, tied to either a one-year anniversary or the next annual meeting, is typical for such awards, ensuring continued service and commitment from board members.

Corporate Governance

Related Party Transactions

• The grant of Restricted Stock Units to Director Michael J. Inserra constitutes a related party transaction, as it is compensation provided to a member of the company's board of directors.

Stakeholder Impact

• Shareholders: The RSU award aligns the director's financial interests with shareholder value creation, as the value of the award is tied to the company's stock performance.
• Employees: No direct impact on employees is indicated by this filing.
• Customers: No direct impact on customers is indicated by this filing.
• Suppliers: No direct impact on suppliers is indicated by this filing.
• Creditors: No direct impact on creditors is indicated by this filing.

Next Steps

• Vesting of the 2,837 Restricted Stock Units on the earlier of June 12, 2026, or the date of the 2026 annual meeting of stockholders.
• Potential deferral of certain vested shares by Michael J. Inserra as per his election.

Key Dates

Keywords

Brighthouse Financial, BHF, SEC Form 4, Restricted Stock Units, RSU, Director Compensation, Michael J. Inserra, Stock Award, Insider Transaction