Form 4: MetLife Executive Bill Pappas Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Bill Pappas, EVP at MetLife, reports a transaction involving common stock due to tax withholding on restricted stock units.
Summary
- On March 1, 2024, Bill Pappas, an Executive Vice President at MetLife, engaged in a transaction involving MetLife's common stock.
- The transaction involved 4,433 shares withheld for taxes on shares issued for restricted stock units at a price of $69.73.
- Following the transaction, Pappas directly owns 84,768 shares of MetLife common stock.
- Pappas also indirectly owns 7,900 shares through a 2022 GRAT and 17,300 shares through a 2023 GRAT.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction is related to tax withholding, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax withholding on restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction involving common stock. |
| 03/05/2024 | Date of signature for the report. |
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