Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-03

Bristow Group (VTOL)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$5,706,605
Christopher Bradshaw total, FY2025
1st
CEO pay percentile vs peers
CEO-to-median pay ratio
99.3%
Say-on-pay support, latest vote
Companies that benchmark against VTOL
4 companies name VTOL as a compensation peer

Each company listed discloses VTOL in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named VTOL in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Christopher Bradshaw$800,000$0$3,584,607$0$1,291,200$0$30,798$5,706,605
President and Chief Executive Officer
Jennifer Whalen450,00001,260,1950387,360027,5082,125,063
Senior Vice President, Chief Financial Officer
David Stepanek400,0000896,1470344,320027,0381,667,505
Executive Vice President, Chief Transformation Officer
Stuart Stavley415,0000813,5500334,906027,1791,590,635
Chief Operating Officer, Offshore Energy Services
Alan Corbett437,1380693,5450344,574061,0021,536,259
Chief Operating Officer, Government Services
Elizabeth Matthews302,8900756,1350215,4450146,4091,420,879
Former Senior Vice President, General Counsel, Head of Government Affairs, and Corporate Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Christopher Bradshaw$5,706,605
Jennifer Whalen2,125,063
David Stepanek1,667,505
Stuart Stavley1,590,635
Alan Corbett1,536,259
Elizabeth Matthews1,420,879

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Christopher BradshawPSU2025-03-0314,04728,09556,190$960,006
Christopher BradshawPSU2025-03-0314,04728,09556,1901,344,627
Christopher BradshawRSU2025-03-0337,4591,279,974
Alan CorbettPSU2025-03-032,7185,43610,872185,748
Alan CorbettRSU2025-03-037,247247,630
Alan CorbettPSU2025-03-032,7185,43610,872260,167
Elizabeth MatthewsPSU2025-03-032,9635,92611,852202,491
Elizabeth MatthewsPSU2025-03-032,9635,92711,854283,666
Elizabeth MatthewsRSU2025-03-037,901269,977
Stuart StavleyRSU2025-03-038,501290,479
Stuart StavleyPSU2025-03-033,1886,37712,754305,203
Stuart StavleyPSU2025-03-033,1886,37612,752217,868
David StepanekRSU2025-03-039,364319,968
David StepanekPSU2025-03-033,5127,02414,048240,010
David StepanekPSU2025-03-033,5127,02414,048336,169
Jennifer WhalenRSU2025-03-0313,169449,985
Jennifer WhalenPSU2025-03-034,9389,87719,754337,497
Jennifer WhalenPSU2025-03-034,9389,87719,754472,713
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Christopher Bradshaw$1,279,974$2,304,633$064.3%
Alan Corbett247,630445,915064.3%
Elizabeth Matthews269,977486,157064.3%
Stuart Stavley290,479523,071064.3%
David Stepanek319,968576,179064.3%
Jennifer Whalen449,985810,210064.3%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Christopher BradshawPSU74,912$2,743,277
Jennifer WhalenRSU10,495384,327
Alan CorbettRSU1,33949,034
Christopher BradshawPSU61,5662,254,547
Christopher BradshawPSU56,1902,057,678
Christopher BradshawRSU44,6341,634,497
Christopher BradshawRSU37,4591,371,749
Christopher BradshawRSU37,3271,366,915
Christopher BradshawRSU33,2961,219,300
Christopher BradshawRSU30,7821,127,237
Jennifer WhalenPSU21,070771,583
Stuart StavleyRSU20,000732,400
Alan CorbettRSU7,322268,132
Jennifer WhalenPSU19,754723,391
Christopher BradshawPSU18,740686,259
David StepanekPSU18,728685,819
David StepanekPSU17,102626,275
Stuart StavleyPSU17,002622,613
Jennifer WhalenPSU16,834616,461
Stuart StavleyPSU15,526568,562
Alan CorbettPSU14,702538,387
David StepanekPSU14,048514,438
Jennifer WhalenRSU13,169482,249
Stuart StavleyPSU12,754467,051
Alan CorbettPSU12,612461,851
Christopher BradshawPSU12,488457,311
David StepanekRSU12,398454,015
Jennifer WhalenRSU12,204446,910
Stuart StavleyRSU11,255412,158
David StepanekRSU1,73063,353
Alan CorbettPSU10,872398,133
Jennifer WhalenRSU9,365342,946
David StepanekRSU9,364342,910
David StepanekRSU9,331341,701
Alan CorbettRSU9,142334,780
David StepanekRSU8,551313,138
Stuart StavleyRSU8,501311,307
Stuart StavleyRSU8,471310,208
Jennifer WhalenRSU8,418308,267
David StepanekRSU8,324304,825
Stuart StavleyRSU7,762284,244
Stuart StavleyRSU7,557276,737
Alan CorbettRSU7,247265,385
Christopher BradshawRSU6,923253,520
Jennifer WhalenPSU6,588241,253
Alan CorbettRSU6,534239,275
Alan CorbettRSU6,306230,926
David StepanekPSU4,686171,601
Stuart StavleyPSU4,253155,745
Alan CorbettPSU3,626132,784
Jennifer WhalenPSU3,514128,683
David StepanekPSU3,122114,328
Stuart StavleyPSU2,834103,781
Alan CorbettPSU2,45289,792
Jennifer WhalenRSU2,43489,133
Stuart StavleyRSU1,57157,530
05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0324,792,284175,14539,33399.3%Passed
20252025-06-0425,392,377588,9962,02197.73%Passed
20242024-06-0524,705,936237,82739,77399.05%Passed
20232023-06-0724,741,198826,3463,90296.77%Passed
20222022-08-0224,661,486745,9284,23297.06%Passed
20212021-08-0324,545,153179,182110,69599.28%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0399.3%a
20252025-06-0497.73%b
20242024-06-0599.05%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
G. Mark MickelsonIndependent$155,000$150,000$0$305,000
Brian D. TrueloveIndependent · ESG117,500150,0000267,500
Wesley E. KernIndependent · Audit · Compensation (Chair) · Finance112,500150,0000262,500
Robert J. ManzoIndependent · Audit110,000150,0000260,000
Lorin L. BrassIndependent · Compensation · ESG102,500150,0000252,500
Shefali ShahIndependent · Audit90,000150,0000240,000
Christopher PucilloIndependent · Compensation · ESG95,0000095,000
Christopher S. BradshawEmployee director0
General Maryanne Miller, RetIndependent · Compensation · Newly elected
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$150,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline$320,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$782,500
Equity awards (grant-date value)$900,000
All other compensation$0
Total cost of the board$1,682,500

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

SKYW SkyWest, Inc.OII Oceaneering International, Inc.TDW Tidewater Inc. Kirby Corporation
10a

Peer reciprocity

Of the companies Bristow Group names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Bristow Group.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Oceaneering International, Inc.2025Roderick Larson$910,000$2,027,796$0$4,282,425$7,735,670
2Tidewater Inc.2025Quintin Kneen750,0003,892,45801,078,1255,732,208
3Bristow Group2025Christopher Bradshaw800,0003,584,60701,291,2005,706,605
SkyWest, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Bristow Groupnot disclosednot disclosednot disclosednot disclosed
Oceaneering International, Inc.124%PSU 50 · RSU 50Yes — Relative TSRMeridian
SkyWest, Inc.not disclosednot disclosednot disclosednot disclosed
Tidewater Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Christopher BradshawDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation”. As printed: 5,706,605. Filing ↗machine: r3 · c27 · span 913777–913786
2Section 01, Jennifer WhalenDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation”. As printed: 2,125,063. Filing ↗machine: r15 · c27 · span 939203–939212
3Section 01, David StepanekDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation”. As printed: 1,667,505. Filing ↗machine: r12 · c27 · span 932998–933007
4Section 01, Stuart StavleyDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation”. As printed: 1,590,635. Filing ↗machine: r9 · c27 · span 926511–926520
5Section 01, Alan CorbettDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation”. As printed: 1,536,259. Filing ↗machine: r6 · c27 · span 920303–920312
6Section 01, Elizabeth MatthewsDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation”. As printed: 1,420,879. Filing ↗machine: r18 · c27 · span 946017–946026
7Section 03, Christopher Bradshaw PSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
8Section 03, Christopher Bradshaw PSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 992470–992479
9Section 03, Christopher Bradshaw RSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
10Section 03, Alan Corbett PSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
11Section 03, Alan Corbett RSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
12Section 03, Alan Corbett PSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1004494–1004501
13Section 03, Elizabeth Matthews PSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
14Section 03, Elizabeth Matthews PSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1056819–1056826
15Section 03, Elizabeth Matthews RSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
16Section 03, Stuart Stavley RSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
17Section 03, Stuart Stavley PSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1018240–1018247
18Section 03, Stuart Stavley PSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
19Section 03, David Stepanek RSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
20Section 03, David Stepanek PSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
21Section 03, David Stepanek PSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1030263–1030270
22Section 03, Jennifer Whalen RSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
23Section 03, Jennifer Whalen PSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
24Section 03, Jennifer Whalen PSUDEF 14A2026-04-200001525221-26-000072Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1044010–1044017
25Section 08, G. Mark MickelsonDEF 14A2026-04-200001525221-26-000072Section “Director Compensation”. As printed: 305,000. Filing ↗machine: span 1400867–1400874
26Section 08, Brian D. TrueloveDEF 14A2026-04-200001525221-26-000072Section “Director Compensation”. As printed: 267,500. Filing ↗machine: span 1408309–1408316
27Section 08, Wesley E. KernDEF 14A2026-04-200001525221-26-000072Section “Director Compensation”. As printed: 262,500. Filing ↗machine: span 1397389–1397396
28Section 08, Robert J. ManzoDEF 14A2026-04-200001525221-26-000072Section “Director Compensation”. As printed: 260,000. Filing ↗machine: span 1399127–1399134
29Section 08, Lorin L. BrassDEF 14A2026-04-200001525221-26-000072Section “Director Compensation”. As printed: 252,500. Filing ↗machine: span 1395652–1395659
30Section 08, Shefali ShahDEF 14A2026-04-200001525221-26-000072Section “Director Compensation”. As printed: 240,000. Filing ↗machine: span 1406297–1406304
31Section 08, Christopher PucilloDEF 14A2026-04-200001525221-26-000072Section “Director Compensation”. As printed: 95,000. Filing ↗machine: span 1403506–1403512
32Section 08, Christopher S. BradshawDEF 14A2026-04-200001525221-26-000072Section “Director Compensation”. As printed: 0. Filing ↗
33Section 08, General Maryanne Miller, RetDEF 14A2026-04-200001525221-26-000072Section “Director Compensation”. As printed: —. Filing ↗
34Section 06, 2026 voteForm 8-K2026-06-030001525221-26-000086Item 5.07 · say-on-pay result. As reported: 99.3% (votes for as printed: 24,792,284). Filing ↗
35Section 06, 2025 voteForm 8-K2025-06-060001525221-25-000041Item 5.07 · say-on-pay result. As reported: 97.73% (votes for as printed: 25,392,377). Filing ↗
36Section 06, 2024 voteForm 8-K2024-06-070001525221-24-000046Item 5.07 · say-on-pay result. As reported: 99.05% (votes for as printed: 24,705,936). Filing ↗
37Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
38Section 09b board cost (computed)ComputedcomputedCash 782,500 + equity 900,000 + all other 0 = 1,682,500, summed across the director compensation table rows.machine: formula: Σ = 1,682,500
39Oceaneering International, Inc., Section 10b CEO totalDEF 14A2026-04-020000073756-26-000073CEO total compensation as printed in Oceaneering International, Inc.'s own proxy. As printed: 7,735,670. Filing ↗machine: r2 · c14 · span 1452178–1452187
40Tidewater Inc., Section 10b CEO totalDEF 14A2026-04-280001104659-26-050441CEO total compensation as printed in Tidewater Inc.'s own proxy. As printed: 5,732,208. Filing ↗machine: r1 · c53 · span 956319–956328
41Bristow Group (subject), Section 10b CEO totalDEF 14A2026-04-200001525221-26-000072CEO total compensation as printed in Bristow Group's own proxy. As printed: 5,706,605. Filing ↗machine: r3 · c27 · span 913777–913786
42Section 10a, Oceaneering International, Inc. reciprocityDEF 14A0000073756-26-000073Oceaneering International, Inc.'s most recent proxy was read; its disclosed peer group does not include Bristow Group. Filing ↗
43Section 10a, Tidewater Inc. reciprocityDEF 14A0001104659-26-050441Tidewater Inc. names Bristow Group in its own disclosed peer group (read from its most recent proxy). Filing ↗