Form 4: Bristow Group SVP, CFO Jennifer Whalen Reports Stock Transactions Following PSU Vesting

Jennifer Whalen, SVP and CFO of Bristow Group Inc., reports acquisition and disposal of common stock related to the vesting of performance-based stock units (PSUs) on May 15, 2025.

Summary

• On May 15, 2025, Jennifer Whalen, SVP and CFO of Bristow Group Inc., acquired 6,426 shares of common stock at $29.97 per share due to the vesting of Cash Return on Invested Capital performance-based stock units (Cash ROIC PSUs).
• Simultaneously, 2,336 shares were disposed of at $29.97 per share to cover the associated tax liability.
• Additionally, 5,636 shares of common stock vested at $29.97 per share related to Relative Total Stockholder Return performance-based stock units (RTSR PSUs).
• A further 2,049 shares were disposed of at $29.97 per share to cover the tax liability associated with the RTSR PSUs.
• Following these transactions, Whalen directly owns 100,682 shares of Bristow Group Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to stock transactions following the vesting of PSUs. The vesting itself suggests the achievement of performance goals, which is mildly positive, but the subsequent sale for tax liabilities is a standard procedure.

Positives

• The vesting of performance-based stock units indicates that the company has met certain performance criteria, which could be viewed positively by investors.

Future Outlook

NA

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages including performance-based stock units are common across the aviation and energy services industries.
• Companies like CHC Helicopter and Era Group (prior to its acquisition) also utilized equity-based compensation to incentivize executives.
• The specific metrics used (Cash ROIC and RTSR) are typical performance indicators used to align executive incentives with shareholder value creation.

Stakeholder Impact

• Shareholders may view the vesting of performance-based stock units as a positive sign, indicating that the company is meeting its performance targets.
• Employees may be motivated by the fact that executives are incentivized to improve company performance.

Key Dates

Keywords

Form 4, Bristow Group Inc., VTOL, Jennifer Whalen, SVP, CFO, Stock Options, Cash ROIC PSUs, RTSR PSUs, Beneficial Ownership, Equity Incentive Plan