Form 4: Brighthouse Financial Executive Myles Lambert Sells Shares Under 10b5-1 Plan

EVP, Chief Marketing & Distribution Officer of Brighthouse Financial, Myles Lambert, sold shares of common stock on March 3, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Myles Lambert, EVP, Chief Marketing & Distribution Officer of Brighthouse Financial, Inc., sold shares of the company's common stock on March 3, 2025.
• The sales were executed in two transactions at weighted average prices of $59.91 and $60.33.
• A total of 8,400 shares were sold.
• Following the reported transactions, Lambert beneficially owns 35,777 shares of Brighthouse Financial, Inc.
• The sale was executed pursuant to a Rule 10b5-1 plan adopted on February 27, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.

Industry Context

Insider sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares without being accused of trading on non-public information. The market will likely interpret this sale in the context of Lambert's overall holdings and the company's performance.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates