Form 4: Bristow Group Executive Vice President David F. Stepanek Reports Stock Disposals for Tax Obligations

David F. Stepanek, Executive Vice President and CTO of Bristow Group Inc., reports disposals of common stock to cover tax liabilities upon vesting of restricted stock units.

Summary

• On June 1, 2024, David F. Stepanek, Executive Vice President and CTO of Bristow Group Inc., disposed of 2,229 shares of common stock at $35.91 to cover tax liabilities.
• These shares were withheld upon the vesting of the third portion of a restricted stock unit grant originally reported on June 3, 2021.
• Additionally, on the same date, Stepanek disposed of 2,173 shares at $35.91 to cover tax liabilities related to the vesting of the second portion of a restricted stock unit grant originally reported on June 3, 2022.
• Following these transactions, Stepanek beneficially owns 49,841 and 47,668 shares of Bristow Group Inc. common stock respectively.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation packages and tax obligations. These transactions are closely monitored by investors for insights into executive sentiment and company performance.

Stakeholder Impact

• The stock disposal has a minimal impact on shareholders as it is related to tax obligations and does not indicate a change in the executive's long-term outlook on the company.

Key Dates