Form 4: Tidewater Inc. CEO Quintin Kneen Sells 150,000 Shares
SEC Form 4 Filing
Tidewater Inc.'s CEO, Quintin Kneen, sold 150,000 shares of common stock at a weighted average price of $109.009 on May 7, 2024.
Summary
- On May 7, 2024, Quintin Kneen, the Director, President, and CEO of Tidewater Inc., sold 150,000 shares of Tidewater Inc. common stock.
- The sale was executed at a weighted average price of $109.009 per share, with individual trades ranging from $107.52 to $111.37.
- Following the transaction, Kneen directly owns 501,718 shares of Tidewater Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by the CEO. It's neutral in sentiment as it simply discloses information without expressing any opinion or outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and directors, allowing investors to monitor their trading behavior.
Stakeholder Impact
- The sale of shares by the CEO could be perceived negatively by some shareholders, potentially leading to a slight decrease in investor confidence.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of the transaction: Quintin Kneen sold 150,000 shares of Tidewater Inc. common stock. |
| 05/09/2024 | Date of signature by Daniel A. Hudson, Attorney-in-Fact. |
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