Form 4: Tidewater COO Reports Routine Stock Tax Withholding

Tidewater's EVP & Chief Operating Officer, Piers Dayer Middleton, reported a disposition of 2,053 shares of common stock to cover tax obligations related to restricted stock unit vesting.

Summary

• Piers Dayer Middleton, Executive Vice President & Chief Operating Officer of Tidewater Inc. (TDW), reported a transaction involving company common stock.
• The transaction, dated January 2, 2026, involved the disposition of 2,053 shares of Common Stock, par value $0.001.
• These shares were withheld to cover taxes due upon the vesting of restricted stock units.
• The shares were valued at $52.23 per share for the purpose of this tax withholding.
• Following this transaction, Middleton directly beneficially owns 25,442 shares of Tidewater Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding event associated with the vesting of restricted stock units, indicating a scheduled compensation event rather than a discretionary sale or purchase.

Positives

• The vesting of restricted stock units indicates a scheduled compensation event for the EVP & Chief Operating Officer, reflecting ongoing executive incentives.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically related to executive compensation and tax obligations, rather than a reflection of broader industry trends or competitive positioning.

Comparison to Industry Standards

• The transaction represents a common practice in executive compensation where shares are withheld to satisfy tax obligations upon the vesting of restricted stock units, aligning with typical industry standards for equity-based compensation.

Stakeholder Impact

• Minimal direct impact on shareholders as it represents a routine tax withholding transaction related to executive compensation.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary transaction where an executive's shares were withheld to cover tax obligations upon the vesting of restricted stock units. It does not reflect a discretionary sale based on market sentiment or a change in the executive's view of the company's prospects. Therefore, it provides no new information that would warrant a change in investment recommendation, maintaining a 'hold' stance based solely on this filing.

Keywords

Tidewater, TDW, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Tax Withholding, Piers Dayer Middleton