Stavley Stuart 4

What Happened

• Stavley Stuart, COO of Bristow Group Inc. (offshore energy services), had performance-based stock units vest on Feb 25, 2026 and sold shares in open-market trades on Feb 27, 2026. He received 26,781 shares from vested PSUs (11,255 + 15,526) at a value of $46.71 each (total ~$1,250,940).
• On Feb 27 he exercised or converted derivative securities for 10,000 shares at a $15.76 strike (cost/value reported $157,600) and executed multiple open-market sales totaling 24,908 shares for aggregate proceeds of about $1,171,056. The filing also reports a derivative conversion/disposition of 10,000 units at $0 (related to option/derivative conversion).

Key Details

• Transaction dates: awards vested Feb 25, 2026; option exercise and open-market sales on Feb 27, 2026.
• Awarded/vested: 26,781 shares (Cash ROIC PSUs and RTSR PSUs) at $46.71 each = $1,250,940.
• Option exercise: 10,000 shares acquired at $15.76 = $157,600.
• Sales: ~24,908 shares sold in multiple trades on Feb 27 for aggregate proceeds ≈ $1,171,056 (reported per-lot weighted averages; see footnotes for price ranges).
• Footnotes: F1–F2 confirm these were performance-based PSUs that vested upon Board approval; F3–F8 note weighted-average sale prices and provide the ranges of actual sale prices; F9 references an older option grant.
• Shares owned after the transactions are not specified in the provided filing. Filing date is Feb 27, 2026 (covers Feb 25–27 transactions).

Context

• The awards were performance-based PSUs that vested after satisfaction of performance criteria — these are compensation-related acquisitions, not open-market purchases.
• The filing shows a mix of compensation-related acquisitions (vested PSUs and an option exercise) and open-market sales (liquidity). Exercise at a $15.76 strike followed by market sales at ~$46–48 can be a routine cashless/monetization step for exercised shares; the filing does not state motivations.
• All items are factual disclosures required by SEC Form 4; no implication should be drawn about future company performance.