Form 4: Bristow Group COO Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Stuart Stavley, COO of Offshore Energy Services at Bristow Group Inc., reports acquisition and disposal of common stock due to vesting of restricted stock units and tax liability coverage.
Summary
- On March 8, 2024, Stuart Stavley acquired 11,334 shares of Bristow Group Inc. common stock at $0 per share.
- These shares were obtained through the vesting of restricted stock units.
- On March 10, 2024, Stavley disposed of 1,132 shares at $25.63 per share to cover the associated tax liability.
- Following these transactions, Stavley beneficially owns 72,314 shares of Bristow Group Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects standard practices for equity-based compensation and tax obligations.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Acquisition of 11,334 shares of common stock due to vesting of restricted stock units. |
| 03/10/2024 | Disposal of 1,132 shares to cover tax liability at $25.63 per share. |
| 03/12/2024 | Date of signature for the Form 4 filing. |
| 03/08/2025 | First vesting date of restricted stock units. |
| 03/08/2026 | Second vesting date of restricted stock units. |
| 03/08/2027 | Third vesting date of restricted stock units. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.