Samuel R. Rubio - 18 Mar 2025 Form 4 Insider Report for TIDEWATER INC (TDW)

Signature
/s/ Daniel A. Hudson, Attorney-in-Fact
Issuer symbol
TDW
Transactions as of
18 Mar 2025
Net transactions value
+$1,065,446
Form type
4
Filing time
20 Mar 2025, 18:00:05 UTC
Previous filing
12 Mar 2025
Next filing
25 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDW Common Stock, par value $0.001 Award $932,322 +22,558 +38% $41.33 82,508 18 Mar 2025 Direct F1
transaction TDW Common Stock, par value $0.001 Tax liability $366,886 -8,877 -11% $41.33 73,631 18 Mar 2025 Direct F2
transaction TDW Common Stock, par value $0.001 Award $500,010 +12,098 +16% $41.33 85,729 18 Mar 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares earned upon vesting and settlement of Performance Restricted Stock Units ("PRSUs") awarded on March 10, 2022, that measured the relative TSR of Tidewater Inc. (the "Issuer") against a predetermined peer group for the three-year period beginning January 1, 2022 through December 3, 2024. On March 18, 2025, the Compensation & Human Capital Committee of the Issuer certified the relative TSR performance at the maximum level, resulting in all of the PSUs originally granted becoming earned at 200% of the target amount granted.
F2 Shares withheld for payment of taxes in connection with the vesting and settlement of the PRSUs described in footnote 1 above.
F3 Represents a grant of restricted stock units that vest pro-rata per year on each of March 22, 2026, 2027, and 2028.