Form 4: Tidewater Inc. Director Cougle Receives Restricted Stock Unit Award
SEC Form 4 Filing
Director Melissa Cougle acquired 1,323 shares of Tidewater Inc. common stock through a restricted stock unit award.
Summary
- Melissa Cougle, a director of Tidewater Inc., received a grant of 1,323 shares of common stock on June 6, 2024.
- The shares were awarded as Restricted Stock Units (RSUs) and will vest on June 6, 2025.
- Following the transaction, Cougle directly owns 19,625 shares of Tidewater Inc.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing related to stock-based compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Positives
- The grant of RSUs to a director aligns their interests with those of the shareholders, incentivizing them to work towards the company's long-term success.
Industry Context
The granting of stock-based compensation to directors is a common practice in the corporate world to align their interests with those of the shareholders.
Stakeholder Impact
- The RSU grant aligns the director's interests with shareholders, potentially leading to better corporate governance and long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of transaction: Grant of Restricted Stock Unit Award |
| 06/06/2025 | Vesting date of the Restricted Stock Unit Award |
| 06/10/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.