Form 4: Bristow Group CFO Disposes of Shares for Tax Obligations Following RSU Vesting

Bristow Group's Senior Vice President and Chief Financial Officer, Jennifer Dawn Whalen, sold 1,479 shares of common stock to cover tax liabilities associated with the vesting of previously granted restricted stock units.

Summary

• Jennifer Dawn Whalen, SVP and CFO of Bristow Group Inc. (VTOL), reported a transaction on June 1, 2025.
• The transaction involved the disposition of 1,479 shares of Bristow Group Common Stock.
• The shares were sold at a price of $29.26 per share.
• This disposition was identified with transaction code 'F', indicating shares withheld to cover associated tax liability.
• The shares were withheld upon the vesting of the third portion of a restricted stock unit grant, originally reported on June 3, 2022.
• Following this transaction, Jennifer Dawn Whalen beneficially owns 99,203 shares of Bristow Group Common Stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While shares were disposed of, it was for a routine tax obligation stemming from the vesting of equity compensation, which is a positive for the executive. It does not indicate a lack of confidence in the company.

Positives

• The underlying event is the vesting of restricted stock units, which represents a form of compensation for the CFO and aligns management's interests with shareholders over time.

Negatives

• The disposition of shares, while for tax purposes, slightly reduces the direct ownership stake of a key executive.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• Shares were withheld to cover the associated tax liability upon the vesting of the third portion of a previous grant of restricted stock units.

Industry Context

This specific Form 4 filing details a routine insider transaction related to executive compensation and tax obligations, which is common across all industries and does not provide direct insights into broader industry trends or competitive dynamics within the aviation or helicopter services sector.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine tax-related transaction and does not reflect a discretionary sale by management.
• Employees (specifically the CFO): Positive impact as it represents the realization of previously granted equity compensation.

Key Dates

Keywords

Bristow Group, VTOL, Form 4, insider transaction, restricted stock units, RSU vesting, tax liability, Jennifer Dawn Whalen, CFO, beneficial ownership