Bristow Group (NYSE: VTOL) CFO shares withheld to pay taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bristow Group Inc. senior vice president and CFO Jennifer Dawn Whalen reported routine share dispositions related to tax withholding on vesting equity awards. On March 8 and March 10, a total of 16,071 shares of common stock were withheld at prices between $44.60 and $46.71 to cover associated tax liabilities on restricted stock units and performance-based stock units. After these non-market transactions, she continues to hold 100,034 shares of Bristow common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Whalen Jennifer Dawn
Role
SVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,803 | $46.71 | $224K |
| Tax Withholding | Common Stock | 6,625 | $46.71 | $309K |
| Tax Withholding | Common Stock | 3,313 | $46.22 | $153K |
| Tax Withholding | Common Stock | 1,330 | $44.60 | $59K |
Holdings After Transaction:
Common Stock — 109,972 shares (Direct)
Footnotes (1)
- Shares withheld to cover the associated tax liability upon the vesting of the second portion of a previous grant of restricted stock units, which grant was originally reported in Table I of the reporting person's Form 4 filed on March 12, 2024. Shares withheld to cover the associated tax liability upon the vesting of the Cash Return on Invested Capital performance-based stock units ("Cash ROIC PSUs") granted to the reporting person on March 10, 2023 under the terms of the Issuer's 2021 Equity Incentive Plan (the "Plan"). Shares withheld to cover the associated tax liability upon the vesting of the Relative Total Stockholder Return performance-based stock units ("RTSR PSUs") granted to the reporting person on March 10, 2023 under the terms of the Plan. Shares withheld to cover the associated tax liability upon the vesting of the third portion of a previous grant of restricted stock units, which grant was originally reported in Table I of the reporting person's Form 4 filed on March 14, 2023.
FAQ
What does Bristow Group (VTOL) CFO Jennifer Whalen’s latest Form 4 report?
The Form 4 shows CFO Jennifer Whalen had shares withheld to cover tax liabilities on vesting equity awards. These tax-withholding dispositions are administrative and do not represent open-market stock sales by the executive.
Does the VTOL Form 4 indicate open-market selling by the Bristow CFO?
No, the Form 4 reports tax-withholding dispositions only. Shares were withheld by the company to pay taxes on vesting stock awards, rather than being sold by the CFO in open-market transactions to third-party buyers.