Form 4: Bristow Group CEO Bradshaw Reports Stock Transactions Following PSU Vesting

Christopher Bradshaw, President and CEO of Bristow Group Inc., reports acquisition and disposal of common stock related to the vesting of performance-based stock units (PSUs) and associated tax withholding.

Summary

• On May 10, 2024, Christopher Scott Bradshaw, President and CEO of Bristow Group Inc., acquired 18,599 shares of common stock at $34 per share due to the vesting of Cash Return on Invested Capital performance-based stock units (Cash ROIC PSUs).
• Also on May 10, 2024, 7,319 shares were disposed of at $34 per share to cover the associated tax liability upon the vesting of the Cash ROIC PSUs.
• Additionally, on May 10, 2024, Bradshaw acquired 12,039 shares of common stock at $34 per share due to the vesting of Relative Total Stockholder Return performance-based stock units (RTSR PSUs).
• Finally, on May 10, 2024, 4,738 shares were disposed of at $34 per share to cover the associated tax liability upon the vesting of the RTSR PSUs.
• Following these transactions, Bradshaw beneficially owns 369,288 shares of common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine stock transactions related to executive compensation. The vesting of PSUs suggests performance targets were met, which is mildly positive.

Positives

• The vesting of performance-based stock units indicates that performance criteria were met, which could be viewed positively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of PSUs is tied to company performance, so the details of the performance metrics would be needed to fully assess the impact.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect changes in insider ownership.

Key Dates