Form 4: Bristow Group CFO Jennifer Whalen Reports Stock Disposals for Tax Obligations

Jennifer Whalen, SVP and CFO of Bristow Group Inc., reported the disposal of common stock to cover tax liabilities associated with vesting restricted stock units.

Summary

• On June 1, 2024, Jennifer Whalen, the SVP and CFO of Bristow Group Inc., disposed of 1,304 shares of common stock at a price of $35.91.
• These shares were withheld to cover the tax liability associated with the vesting of the third portion of a restricted stock unit grant from June 3, 2021.
• Additionally, on the same date, Whalen disposed of 1,367 shares of common stock at $35.91 to cover tax liabilities from the vesting of the second portion of a restricted stock unit grant from June 3, 2022.
• Following these transactions, Whalen beneficially owns 86,418 shares of Bristow Group Inc. common stock.

Sentiment

Score: 6

Explanation: The document is a routine filing related to stock disposals for tax purposes, which is neither particularly positive nor negative. It's a neutral event in the context of investment analysis.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the disposal of shares by an executive to cover tax obligations.

Key Dates