Form 4: Bristow Group Inc. Executive Alan Corbett Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Alan Corbett, COO of Government Services at Bristow Group Inc., reports disposals of common stock to cover tax liabilities upon vesting of restricted stock units.
Summary
- On June 1, 2024, Alan Corbett, COO of Government Services at Bristow Group Inc., disposed of 1,847 shares of common stock at $35.91 to cover tax liabilities associated with the vesting of restricted stock units granted on June 3, 2021.
- Additionally, on the same date, Corbett disposed of 1,616 shares of common stock at $35.91 to cover tax liabilities associated with the vesting of restricted stock units granted on June 3, 2022.
- Following these transactions, Corbett beneficially owns 77,943 shares of Bristow Group Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock disposals for tax purposes, with no indication of strategic shifts or concerns.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like officers and directors, trade in their company's stock; this filing indicates transactions related to vested stock awards and associated tax obligations, which is a common practice.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 06/03/2021 | Original grant date of restricted stock units, the third portion of which vested on June 1, 2024. |
| 06/03/2022 | Original grant date of restricted stock units, the second portion of which vested on June 1, 2024. |
| 06/01/2024 | Date of transaction: disposal of shares to cover tax liabilities. |
| 06/04/2024 | Date of signature on the Form 4 filing. |
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.