Form 4: Bristow Group COO Alan Corbett Reports Stock Transactions Following PSU Vesting

Alan Corbett, COO of Government Services at Bristow Group Inc., reports the acquisition and disposal of common stock related to the vesting of performance-based stock units (PSUs) on May 15, 2025.

Summary

• On May 15, 2025, Alan Corbett, COO of Government Services at Bristow Group Inc., acquired 5,638 shares of common stock at $29.97 per share due to the vesting of Cash Return on Invested Capital performance-based stock units (Cash ROIC PSUs).
• Simultaneously, 2,819 shares were disposed of at $29.97 per share to cover the associated tax liability.
• Additionally, Mr. Corbett acquired 4,944 shares at $29.97 per share from the vesting of Relative Total Stockholder Return performance-based stock units (RTSR PSUs).
• Another 2,472 shares were disposed of at $29.97 per share to cover the tax liability related to the RTSR PSUs.
• Following these transactions, Mr. Corbett beneficially owns 87,272 shares of Bristow Group Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions related to PSU vesting. The vesting itself suggests performance targets were met, which is mildly positive, but the tax-related disposals are neutral.

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 routine disclosures for company insiders and provide transparency into their trading activities. The vesting of PSUs is a common form of executive compensation in the aviation industry.

Comparison to Industry Standards

• Executive compensation packages including performance-based stock units are common across publicly traded companies, including Bristow's competitors such as Era Group and PHI Group.
• The specific performance metrics (Cash ROIC and Relative Total Stockholder Return) are typical measures used to align executive incentives with shareholder value creation.

Stakeholder Impact

• The vesting of PSUs aligns management's interests with those of shareholders, potentially driving long-term value creation.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Units, Alan Corbett, Bristow Group, VTOL, PSU, COO