Form 4: MetLife EVP Bill Pappas Reports Stock Sale and Trust Transfer

Executive Vice President of MetLife, Bill Pappas, reports the sale of 26,000 shares of common stock and a transfer of shares from a grantor retained annuity trust.

Summary

• Bill Pappas, EVP at MetLife, reported selling 26,000 shares of MetLife common stock on May 12, 2025, at a weighted average price of $80.4878.
• The sale occurred in multiple open market transactions with prices ranging from $80.47 to $80.55.
• Pappas also reported a transfer of 4,684 shares to his children from a 2023 Grantor Retained Annuity Trust (GRAT) upon its termination on May 12, 2025.
• Following these transactions, Pappas directly owns 66,744 shares and indirectly owns 20,270 shares through a 2024 GRAT.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding insider transactions in publicly traded companies. This filing indicates changes in beneficial ownership by a MetLife executive.

Related Party Transactions

• Transfer of 4,684 shares from a Grantor Retained Annuity Trust (GRAT) to the reporting person's children is a related party transaction.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, depending on the overall market reaction to insider transactions.
• The GRAT transfer has minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

MetLife, Bill Pappas, stock sale, Form 4, GRAT, executive compensation, insider trading