Form 4: Solus Alternative Asset Management LP Reduces Stake in Bristow Group Inc.

Solus Alternative Asset Management LP reports selling shares of Bristow Group Inc., reducing its beneficial ownership.

Summary

• Solus Alternative Asset Management LP, along with related entities Solus GP LLC and Christopher Pucillo, filed a Form 4 detailing changes in beneficial ownership of Bristow Group Inc. (VTOL) common stock.
• On March 5, 2025, Solus sold 8,323 shares at a weighted average price of $32.7144, with individual prices ranging from $32.7000 to $32.9250.
• On March 7, 2025, they sold another 11,829 shares at a weighted average price of $32.7103, with individual prices ranging from $32.5800 to $33.0000.
• Following these transactions, Solus's indirect beneficial ownership stands at 3,176,796 shares.
• Solus and related parties have disclaimed beneficial ownership of the shares, stating they are held by managed clients and that they are filing the form nevertheless.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of share sales; the impact depends on the market's interpretation of Solus's reasons for selling.

Negatives

• Solus Alternative Asset Management LP reduced its stake in Bristow Group Inc.

Industry Context

Form 4 filings are standard disclosures required by the SEC when significant changes in ownership occur, providing transparency to the market regarding insider transactions.

Stakeholder Impact

• Shareholders may react to the news of Solus reducing its stake, potentially impacting the stock price.

Key Dates