Form 4: Solus Alternative Asset Management LP Sells 75,000 Shares of Bristow Group Inc. (VTOL)

Solus Alternative Asset Management LP, a 10% owner and director of Bristow Group Inc., sold 75,000 shares of common stock at an average price of $39.4955 on August 30, 2024.

Summary

• On August 30, 2024, Solus Alternative Asset Management LP sold 75,000 shares of Bristow Group Inc. (VTOL) common stock.
• The sale was executed at a weighted average price of $39.4955 per share.
• The prices for individual transactions ranged from $39.22 to $39.81.
• Following the transaction, Solus Alternative Asset Management LP beneficially owns 3,349,005 shares indirectly through managed funds and accounts.
• Christopher Pucillo, as managing member of Solus GP LLC (the general partner of Solus Alternative Asset Management LP), and Solus GP LLC, may be deemed to have beneficial ownership of the reported securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a sale of shares by a significant shareholder. The sentiment is neutral as it simply reports a transaction without expressing any opinion on the company's prospects.

Industry Context

This transaction reflects the trading activity of a major shareholder in Bristow Group Inc., which operates in the helicopter services industry. Monitoring such transactions can provide insights into investor sentiment and potential future stock performance.

Stakeholder Impact

• The sale of shares by a major shareholder could potentially influence investor confidence and the stock price of Bristow Group Inc.

Key Dates