Form 4: Tidewater CFO's Routine Stock Withholding for Taxes

Tidewater Inc.'s EVP, CFO & CAO, Samuel R. Rubio, reported shares withheld to cover taxes upon restricted stock unit vesting.

Summary

• Samuel R. Rubio, Executive Vice President, Chief Financial Officer, and Chief Administrative Officer of Tidewater Inc. (TDW), reported transactions on March 23, 2026.
• A total of 1,587 shares of Common Stock, par value $0.001, were disposed of at a price of $72.48 per share.
• An additional 2,472 shares of Common Stock, par value $0.001, were disposed of at a price of $72.48 per share.
• Further, 730 shares of Common Stock, par value $0.001, were disposed of at a price of $72.48 per share.
• These dispositions represent shares withheld to cover taxes due upon the vesting of restricted stock units.
• Following these transactions, Samuel R. Rubio beneficially owns 67,569 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine administrative transaction related to executive compensation and tax obligations, not indicative of a change in company fundamentals or management's discretionary actions.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that the withholding of shares for tax purposes upon the vesting of restricted stock units is a standard and routine practice in executive compensation across various industries, including the offshore energy support vessel sector where Tidewater operates. This administrative transaction does not typically reflect a change in management's outlook or the company's operational performance.

Comparison to Industry Standards

• The practice of withholding shares to cover tax obligations upon the vesting of equity awards is a common and widely accepted mechanism for managing executive compensation in publicly traded companies, aligning with standard corporate governance practices seen in peers like SEACOR Marine Holdings Inc. (SMHI) or Hornbeck Offshore Services, Inc. (HOS).
• The reported share price of $72.48 reflects the market valuation of Tidewater Inc. at the time of the transaction, which can be compared to the stock performance of other offshore service providers to gauge relative market sentiment, though this specific transaction is not a market-driven sale.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary tax withholding event, not a market sale or purchase by an insider.

Key Dates

Keywords

Tidewater Inc., TDW, Form 4, Insider Transaction, Stock Withholding, Restricted Stock Units, Executive Compensation, Samuel R. Rubio