Form 4: Bristow Group COO Stuart Stavley Reports Routine Tax-Related Stock Disposition
Insider Transaction Report
Bristow Group Inc.'s Chief Operating Officer of Offshore Energy Services, Stuart Stavley, reported a disposition of 745 shares of common stock on June 1, 2025, to cover tax liabilities associated with the vesting of restricted stock units.
Summary
- Stuart Stavley, the Chief Operating Officer of Offshore Energy Services for Bristow Group Inc. (VTOL), filed a Form 4 disclosing a transaction.
- On June 1, 2025, Mr. Stavley disposed of 745 shares of Bristow Group Common Stock.
- The disposition was executed at a price of $29.26 per share.
- This transaction (Code 'F') represents shares withheld by the company to cover the associated tax liability upon the vesting of the third portion of a previously granted restricted stock unit (RSU) award.
- Following this transaction, Mr. Stavley beneficially owns 88,947 shares of Bristow Group Common Stock directly.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine, administrative transaction (tax withholding on RSU vesting) and does not reflect a discretionary sale or purchase by the insider.
Positives
- The transaction is a result of the vesting of restricted stock units, indicating the fulfillment of a compensation agreement and a positive milestone for the executive.
Negatives
- The disposition of 745 shares, while for tax purposes, results in a slight reduction of the COO's direct equity ownership in the company.
Future Outlook
NA
Industry Context
This Form 4 filing details a routine executive compensation event, specifically the tax withholding associated with the vesting of restricted stock units. Such transactions are common across publicly traded companies as part of their executive incentive and retention programs.
Stakeholder Impact
- Shareholders: This is a routine compensation-related transaction and is unlikely to have a significant direct impact on shareholder value or perception, as it's an expected part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/10/2023 | Date of the reporting person's original Form 3 filing, which first reported the grant of restricted stock units. |
| 06/01/2025 | Date of the reported transaction where shares were withheld for tax liability upon RSU vesting. |
| 06/03/2025 | Date the Form 4 was signed and filed. |
Keywords
Bristow Group, VTOL, Stuart Stavley, Form 4, SEC filing, insider transaction, stock vesting, restricted stock units, RSU, tax withholding, executive compensation
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