Form 4: Tidewater Director Acquires Shares via Stock Program

Tidewater Inc. Director Melissa Cougle acquired 598 shares of common stock at $52.23 per share through the company's Director Stock Election Program.

Summary

• Melissa Cougle, a Director of Tidewater Inc. (TDW), acquired 598 shares of common stock.
• The transaction occurred on January 2, 2026, at a price of $52.23 per share.
• These shares were issued in lieu of certain cash compensation, as elected by Ms. Cougle under the Director Stock Election Program.
• Following this transaction, Ms. Cougle beneficially owns 24,407 shares of Tidewater common stock.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, especially as part of a compensation program, is generally a positive signal, indicating alignment of interests and confidence in the company's future. It's not a major event but contributes to a positive sentiment.

Positives

• A Director increasing their stake in the company can signal confidence in future performance.
• The acquisition was part of a pre-arranged Director Stock Election Program, indicating a structured approach to compensation and alignment of interests.

Risks

• This Form 4 filing does not contain information regarding company-specific risks.

Future Outlook

This Form 4 filing does not provide any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• Represents shares of Common Stock, $0.001 par value per share, issued to Ms. Cougle in lieu of certain cash compensation pursuant to her election under the Director Stock Election Program.

Industry Context

Insider transactions, such as director stock acquisitions, are common in the industry and are often viewed by investors as a signal of management's confidence in the company's prospects. The use of a stock election program for compensation aligns director interests with those of shareholders.

Comparison to Industry Standards

• The practice of directors electing to receive equity in lieu of cash compensation is a common corporate governance mechanism across various industries, including the energy and offshore support vessel sector where Tidewater operates.
• This aligns director incentives with long-term shareholder value, a standard best practice.

Corporate Governance

Related Party Transactions

• This transaction represents an insider acquisition of shares as part of a compensation program, which is a form of related party dealing between the company and its director.

Stakeholder Impact

• Shareholders: May view the director's increased ownership as a positive sign of confidence in the company's future performance and alignment of interests.

Key Dates

Keywords

Tidewater, TDW, Form 4, Insider Transaction, Director Stock Election Program, Melissa Cougle, Common Stock Acquisition, Corporate Governance