Form 4: Bristow Group Inc. CFO Jennifer Whalen Reports Stock Transactions
SEC Form 4 Filing
Jennifer Whalen, CFO of Bristow Group Inc., reports acquisition and disposal of company stock, including shares withheld for tax liability.
Summary
- On March 8, 2024, Jennifer Whalen, the SVP and CFO of Bristow Group Inc., acquired 14,046 shares of common stock at $0.
- These shares are related to restricted stock units vesting in three equal annual installments starting March 8, 2025.
- On March 10, 2024, Ms. Whalen disposed of 1,694 shares at a price of $25.63.
- These shares were withheld to cover tax liabilities associated with the vesting of restricted stock units from a previous grant reported on March 14, 2023.
- Following these transactions, Ms. Whalen beneficially owns 84,447 shares of Bristow Group Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The reported transactions reflect the vesting schedule of restricted stock units granted to the CFO, indicating continued alignment with the company's long-term performance.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities, which can be informative for investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding the CFO's stock ownership and trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/14/2023 | Date of original Form 4 filing reporting the grant of restricted stock units. |
| 03/08/2024 | Date of acquisition of 14,046 shares of common stock due to vesting of restricted stock units. |
| 03/10/2024 | Date of disposal of 1,694 shares to cover tax liability. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
| 03/08/2025 | First vesting date of the restricted stock units. |
| 03/08/2026 | Second vesting date of the restricted stock units. |
| 03/08/2027 | Third vesting date of the restricted stock units. |
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