Kern Wesley E. 4
Research Summary
AI-generated summary
Bristow (VTOL) Director Wesley Kern Receives RSU Award
What Happened
Wesley E. Kern, a director of Bristow Group Inc. (VTOL), received a grant of 3,618 restricted stock units (RSUs) on June 3, 2026. The grant price shown is $0.00 because RSUs are a conditional award (not an open‑market purchase); the reported dollar value at grant is $0. The RSUs represent a contingent right to receive one share of Bristow common stock per RSU upon vesting.
Key Details
- Transaction date: 2026-06-03; SEC Form 4 filed: 2026-06-05 (timely within the 2-business-day rule).
- Security/amount: 3,618 RSUs granted; reported acquisition code A (award/grant).
- Grant price: $0.00 (typical for RSU awards—no cash paid).
- Shares owned after transaction: not specified in the filing.
- Footnote: RSUs vest in full on June 3, 2027, subject to Kern’s continued service as a director (per the Bristow 2021 Equity Incentive Plan).
Context
RSUs are a form of compensation that convert into shares only if vesting conditions are met (here, continued board service until 6/3/2027). This grant does not involve an immediate cash purchase or sale, and does not by itself indicate a near‑term change in trading exposure until the RSUs vest or are settled.