Form 4: Robert Robotti Reports Change in Beneficial Ownership of Tidewater Inc. Shares
SEC Form 4
Robert Robotti, a director of Tidewater Inc., reported a change in beneficial ownership of the company's common stock due to the termination of an investment advisory agreement with a client.
Summary
- Robert Robotti, a director of Tidewater Inc., filed a Form 4 indicating a change in his beneficial ownership of the company's common stock on March 5, 2024.
- The change resulted from the termination of an investment advisory agreement between Robotti & Company Advisors, LLC and a client, leading to the loss of discretionary investment or voting authority over 381,304 shares.
- Following the transaction, Robotti's total indirect beneficial ownership amounts to 2,855,261 shares.
- Robotti disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a regulatory filing reporting a change in beneficial ownership due to a client relationship change, with no inherent positive or negative implications.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of transaction (termination of investment advisory agreement). |
| 03/07/2024 | Date of signature of the Form 4 filing. |
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