Form 4: Tidewater Director Robotti Boosts Stake

Tidewater Inc. Director Robert Robotti acquired 570 shares of common stock at $54.80 per share through a stock election program.

Summary

• Robert Robotti, a Director of Tidewater Inc. (TDW), acquired 570 shares of the company's common stock.
• The shares were issued on October 1, 2025, at a price of $54.80 per share.
• This acquisition was made in lieu of certain cash compensation, as per Mr. Robotti's election under the Director Stock Election Program.
• Following this transaction, Mr. Robotti's total beneficial ownership, including indirect holdings, amounts to 2,239,141 shares of Common Stock.
• Beneficial ownership includes shares held by advisory clients of Robotti & Company Advisors, LLC (114,395 shares), The Ravenswood Investment Company, LP (1,143,117 shares), Ravenswood Investments III, L.P. (763,757 shares), Suzanne and Robert Robotti Foundation, Inc. (3,000 shares), Suzanne Robotti (58,500 shares), and Robert Robotti directly (156,372 shares).

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director is increasing their ownership stake, which can be interpreted as a sign of confidence in the company's future, even if it's part of a pre-existing compensation program.

Positives

• A Director increasing their stake in the company, even through a stock election program, can signal confidence in the company's future prospects.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transaction involves the issuance of 570 shares of common stock to Director Robert Robotti in lieu of cash compensation, as elected under the Director Stock Election Program.

Stakeholder Impact

• Shareholders may view the increased insider ownership as a positive signal, potentially reinforcing confidence in the company's leadership and strategic direction.

Key Dates

Recommendation

While the acquisition of shares by a director is generally a positive signal, a Form 4 filing alone does not provide sufficient information to make a strong buy or sell recommendation. It indicates a director's confidence in the company, but the transaction is part of a pre-existing stock election program rather than an open market purchase based on new information.

Keywords

Tidewater, TDW, Form 4, Insider Trading, Director Stock, Beneficial Ownership, Robert Robotti