Form 4: Tidewater CEO's Stock Withholding for Tax Obligations

Tidewater Inc.'s President and CEO, Quintin Kneen, reported the withholding of shares to cover tax liabilities upon the vesting of restricted stock units.

Summary

• Quintin Kneen, President and CEO of Tidewater Inc., reported changes in beneficial ownership of common stock.
• On March 23, 2026, a total of 14,193 shares (5,766, 2,555, and 5,872) were disposed of.
• These shares were withheld at a price of $72.48 per share to cover tax obligations arising from the vesting of restricted stock units.
• Following these transactions, Kneen beneficially owns 358,870 shares of Tidewater Inc. common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it represents the vesting of earned compensation, offset by the routine tax-related disposition of shares.

Positives

• Vesting of restricted stock units indicates earned compensation for the CEO, reflecting performance or tenure.

Negatives

• A total of 14,193 shares were disposed of, reducing the direct beneficial ownership of the CEO.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it primarily reports past insider transactions.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive compensation and ownership changes. This specific filing reflects a common practice of share withholding for tax purposes upon RSU vesting, rather than a discretionary sale, which is a routine event in executive compensation.

Comparison to Industry Standards

• The practice of withholding shares to cover tax liabilities upon the vesting of restricted stock units is a standard and widely accepted method of managing equity compensation in publicly traded companies across various industries.

Stakeholder Impact

• Shareholders: Provides transparency on executive stock ownership and compensation practices. The reduction in shares is for tax purposes, not a discretionary sale, which is a routine aspect of equity compensation.
• Employees: Reflects standard equity compensation practices for executives, which can be a benchmark for broader employee equity programs.

Key Dates

Recommendation

This Form 4 filing details a routine tax-related disposition of shares following the vesting of restricted stock units for the CEO. It does not indicate any fundamental change in the company's operations, financial health, or strategic direction that would warrant a change in investment recommendation. It is a standard compensation event.

Keywords

Tidewater Inc., TDW, Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, RSU Vesting, Tax Withholding, Quintin Kneen, CEO Stock