Form 4: Tidewater Director Darron M. Anderson Receives Restricted Stock Unit Grant

Tidewater Inc. director Darron M. Anderson was granted 2,959 restricted stock units, which will vest on June 5, 2026, as part of his compensation.

Summary

• Darron M. Anderson, a Director of Tidewater Inc. (TDW), was granted 2,959 shares of common stock.
• This grant is a Restricted Stock Unit (RSU) Award, issued at a price of $0 per share, indicating a compensation grant.
• The RSUs were granted on June 5, 2025, and are scheduled to vest on June 5, 2026.
• Mr. Anderson has elected to defer the settlement of these shares until the end of his service on Tidewater's Board of Directors.
• Following this transaction, Mr. Anderson directly beneficially owns 44,729 shares of Tidewater common stock.

Sentiment

Score: 6

Explanation: The grant of Restricted Stock Units to a director is a standard compensation practice that aligns the director's interests with long-term shareholder value, which is generally viewed as a positive for corporate governance and retention, though it implies minor future dilution.

Positives

• The grant of 2,959 Restricted Stock Units (RSUs) to Director Darron M. Anderson aligns his interests with long-term shareholder value.
• The deferral of settlement until the end of his board service indicates a commitment to the company's long-term performance and provides a retention incentive for a key board member.

Negatives

• The grant of RSUs, while a common compensation practice, results in a minor dilution of existing shareholder equity upon vesting.

Risks

• No specific risks are detailed in this Form 4 filing, as it primarily reports an insider transaction.

Future Outlook

The granted Restricted Stock Units are scheduled to vest on June 5, 2026, indicating a future event related to director compensation. The reporting person has elected to defer settlement until the end of his service on the Board.

Industry Context

The grant of Restricted Stock Units to a director is a common practice in publicly traded companies across various industries, including the offshore energy support services sector where Tidewater operates, used to align director interests with long-term company performance and shareholder value.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) to board members is a standard component of director compensation packages across most industries, including the offshore vessel industry.
• While specific grant sizes vary based on company size, performance, and board responsibilities, the mechanism itself is widely adopted.
• No specific comparable companies or projects are mentioned in this filing to allow for a detailed quantitative comparison of the grant size.

Related Party Transactions

• The grant of Restricted Stock Units to a director (Darron M. Anderson) can be considered a related party transaction as it involves compensation to an insider. However, it is a standard, disclosed form of compensation.

Stakeholder Impact

• Shareholders: Minor potential future dilution upon vesting of the RSUs, but also potential benefit from improved director alignment with long-term company performance.

Next Steps

• The Restricted Stock Units granted to Darron M. Anderson are scheduled to vest on June 5, 2026.
• Settlement of the shares will be deferred until the end of Mr. Anderson's service on the Issuer's Board of Directors.

Key Dates

Keywords

Tidewater Inc., TDW, Darron M. Anderson, Restricted Stock Units, RSU, Insider Transaction, SEC Form 4, Director Compensation, Equity Grant, Beneficial Ownership