Form 4: Bristow Group Inc. Executive Alan Corbett Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Alan Corbett, COO of Government Services at Bristow Group Inc., reported disposing of shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 8, 2025, Alan Corbett disposed of 1,633 shares of Bristow Group Inc. common stock at a price of $32.6 per share to cover tax liabilities.
- Following this transaction, Corbett beneficially owned 83,557 shares.
- On March 10, 2025, Corbett disposed of another 1,576 shares at $31.57 per share for the same reason, leaving him with 81,981 shares.
- These disposals were related to the vesting of restricted stock units previously granted and reported on March 12, 2024, and March 14, 2023.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. Disposals to cover tax liabilities are common when restricted stock units vest.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 03/14/2023 | Date of original grant of restricted stock units, the second portion of which vested on March 10, 2025. |
| 03/12/2024 | Date of original grant of restricted stock units, the first portion of which vested on March 8, 2025. |
| 03/08/2025 | Date of transaction where 1,633 shares were disposed of to cover tax liability. |
| 03/10/2025 | Date of transaction where 1,576 shares were disposed of to cover tax liability. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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