Form 4: Bristow Group COO Alan Corbett Reports Routine Stock Disposition for Tax Purposes
Insider Transaction Report
Bristow Group Inc.'s Chief Operating Officer of Government Services, Alan Corbett, reported a disposition of 1,649 shares of common stock valued at $29.26 per share to cover tax liabilities associated with the vesting of restricted stock units.
Summary
- Alan Corbett, COO, Government Services of Bristow Group Inc. (VTOL), reported a transaction on June 1, 2025.
- The transaction involved the disposition of 1,649 shares of Bristow Group Common Stock.
- The shares were disposed of at a price of $29.26 per share.
- This disposition was for the purpose of covering associated tax liability upon the vesting of the third portion of a previously granted restricted stock unit award.
- The original restricted stock unit grant was reported on June 3, 2022.
- Following this transaction, Alan Corbett beneficially owns 85,623 shares of Bristow Group Common Stock directly.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction (shares withheld for tax liability upon RSU vesting) and does not reflect a positive or negative outlook on the company by the insider.
Industry Context
This Form 4 filing is a routine disclosure of an insider stock transaction, specifically related to the vesting of equity compensation. Such transactions are common across all industries as part of executive compensation plans and do not typically reflect broader industry trends.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a sale indicating a change in insider sentiment or a significant reduction in ownership.
Key Dates
| Date | Description |
|---|---|
| June 3, 2022 | Original grant date of the restricted stock units (RSUs) that partially vested. |
| 06/01/2025 | Date of the reported transaction where shares were disposed of. |
| 06/03/2025 | Date the Form 4 filing was signed and submitted. |
Keywords
Bristow Group Inc., VTOL, Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, Tax Withholding, Alan Corbett, Corporate Officer
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