David F. Stepanek - 12 Jun 2023 Form 4 Insider Report for Bristow Group Inc. (VTOL)

Role
Executive Vice President, CTO
Signature
/s/ Justin D. Mogford, attorney-in-fact for David F. Stepanek
Issuer symbol
VTOL
Transactions as of
12 Jun 2023
Net transactions value
-$50,910
Form type
4
Filing time
14 Jun 2023, 20:13:00 UTC
Previous filing
06 Jun 2023
Next filing
12 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VTOL Common Stock Options Exercise +5,555 +13% 47,735 12 Jun 2023 Direct F1
transaction VTOL Common Stock Tax liability $50,910 -2,131 -4.5% $23.89 45,604 12 Jun 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VTOL Restricted Stock Units Options Exercise -5,555 -100% 0 12 Jun 2023 Common Stock 5,555 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance-vested restricted stock unit ("Performance RSU") represented a contingent right to receive one share of common stock of the issuer ("Common Stock") upon the achievement of a pre-established target volume weighted average price of $25.50 per share of Common Stock over the 120-day period immediately preceding June 12, 2021. The Performance RSUs vested on June 12, 2023.
F2 Shares of Common Stock withheld to cover the associated tax liability upon the vesting of the Performance RSU award.