4/A: Tidewater Director Amends Ownership Report, Discloses Restricted Stock Grant

Tidewater Inc. Director Louis Raspino filed an amended Form 4 to correct a clerical error in his beneficial ownership and disclose the grant of 2,959 restricted stock units vesting in June 2026.

Summary

• Louis Raspino, a Director of Tidewater Inc. (TDW), filed an amended Form 4 (Form 4/A) with the SEC.
• The amendment was filed to correct a clerical error in the previously reported total amount of securities beneficially owned by Mr. Raspino.
• The filing reports the acquisition of 2,959 shares of Tidewater Common Stock on June 5, 2025.
• These shares were granted as a Restricted Stock Award at a price of $0 per share.
• The Restricted Stock Award is scheduled to vest on June 5, 2026.
• Following this reported transaction and correction, Mr. Raspino's total beneficial ownership of Tidewater Inc. common stock is 46,791 shares.

Sentiment

Score: 7

Explanation: The document reports a routine compensation event and a minor administrative correction, which are generally neutral to slightly positive as they align director interests with shareholders and ensure accurate reporting.

Positives

• The grant of restricted stock to a director aligns management's long-term interests with those of shareholders, as the value of the award is tied to the company's stock performance.
• The director's increased beneficial ownership, now totaling 46,791 shares, demonstrates a continued and significant stake in the company.

Negatives

• The need for an amendment due to a clerical error indicates a minor administrative oversight in the initial filing, though it has been corrected.

Future Outlook

The restricted stock award granted to Director Louis Raspino is scheduled to vest on June 5, 2026, representing a future milestone for his compensation and continued alignment with shareholder interests.

Industry Context

This filing is a routine insider transaction report, common across all publicly traded companies, reflecting standard director compensation practices within the offshore support vessel industry.

Stakeholder Impact

• Shareholders: The grant of restricted stock aligns the director's financial interests with those of shareholders, potentially encouraging long-term value creation. The correction of a clerical error ensures accurate and transparent public disclosure of insider holdings.

Next Steps

• Vesting of the 2,959 Restricted Stock Award shares on June 5, 2026.

Key Dates

Recommendation

Keywords

Tidewater Inc., TDW, SEC filing, Form 4/A, insider transaction, beneficial ownership, restricted stock award, director compensation, Louis Raspino