Form 4: Tidewater Inc. CEO Quintin Kneen Acquires 41,615 Shares in Open Market Transaction

Tidewater Inc.'s CEO, Quintin Kneen, purchased 41,615 shares of common stock at a weighted average price of $48.0577 on December 13, 2024.

Summary

• Quintin Kneen, the Director, President, and CEO of Tidewater Inc., acquired 41,615 shares of the company's common stock on December 13, 2024.
• The shares were purchased at a weighted average price of $48.0577 per share.
• The transaction was executed in multiple trades with prices ranging from $47.565 to $48.35.
• Following this transaction, Mr. Kneen directly owns 176,239 shares of Tidewater Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the CEO's purchase of shares is generally seen as a positive sign, but it's a routine transaction.

Positives

• The CEO's purchase of shares indicates confidence in the company's future prospects.
• The purchase increases the CEO's direct stake in the company.

Industry Context

This transaction is a routine disclosure of insider trading activity and is common for publicly traded companies. It does not indicate any specific industry trend.

Comparison to Industry Standards

• Insider trading activity is a common occurrence in publicly listed companies, and this transaction is within the normal range of such activities.
• It is typical for executives to purchase shares in their own companies, often as a sign of confidence in the company's future performance.

Stakeholder Impact

• The purchase may positively influence investor confidence in the company.
• The transaction has a minor positive impact on shareholders due to the CEO's increased stake.

Key Dates

Keywords

Tidewater Inc, Quintin Kneen, insider trading, share purchase, common stock, SEC Form 4, executive, ownership