4/A: Robert Robotti Acquires Additional Tidewater Inc. Shares Through Equity Award

Director Robert Robotti reports acquisition of 1,323 shares of Tidewater Inc. common stock through an equity award, along with adjustments to indirect beneficial ownership.

Summary

• Robert Robotti, a director of Tidewater Inc., filed an amended Form 4 on June 11, 2024, reporting a transaction that occurred on June 6, 2024.
• The transaction involved the acquisition of 1,323 shares of Tidewater Inc. common stock through an equity award priced at $94.44 per share.
• This equity award will vest on June 6, 2025.
• Following the reported transaction, Mr. Robotti's total beneficial ownership includes 2,157,360 shares.
• These shares are held indirectly through various entities, including Robotti & Company Advisors, LLC, The Ravenswood Investment Company, LP, Ravenswood Investments III, L.P., Suzanne and Robert Robotti Foundation, Inc., and Suzanne Robotti.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing an equity award. It doesn't contain overtly positive or negative information, hence a neutral sentiment score.

Positives

• The acquisition of shares through an equity award aligns Mr. Robotti's interests with those of the company and its shareholders.
• The vesting date of June 6, 2025, suggests a long-term commitment.

Future Outlook

The document does not contain specific forward-looking statements regarding Tidewater Inc.'s future performance.

Management Comments

• Mr. Robotti disclaims beneficial ownership of all securities reported herein except to the extent of his pecuniary interest therein, if any.

Industry Context

This filing reflects insider activity, which is common in publicly traded companies. Monitoring such filings can provide insights into management's perspective on the company's value and prospects.

Comparison to Industry Standards

• It's typical for directors and officers of publicly traded companies like Tidewater Inc. to receive equity-based compensation.
• Comparing the size and vesting schedule of this equity award to those of directors at similar companies in the offshore energy sector could provide context on its competitiveness.
• Companies like Transocean, Valaris, and Noble Corp. are comparable in the offshore drilling industry, and their executive compensation structures could serve as benchmarks.

Stakeholder Impact

• The equity award aligns the director's interests with shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates