Form 4: Tidewater Inc. Director Darron M. Anderson Acquires Restricted Stock Units

Director Darron M. Anderson acquired 1,323 restricted stock units in Tidewater Inc. on June 6, 2024, with vesting and deferred receipt terms.

Summary

• On June 6, 2024, Darron M. Anderson, a director of Tidewater Inc., acquired 1,323 shares of common stock in the form of Restricted Stock Units (RSUs).
• The RSUs were granted at a price of $0.
• These RSUs vest on June 6, 2025, with the reporting person electing to defer receipt of the shares until June 6, 2027.
• Following the transaction, Anderson directly owns 41,770 shares of Tidewater Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and aligns director interests with shareholders.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting and deferred receipt of the RSUs indicate a long-term perspective.

Industry Context

This transaction is a routine part of executive compensation and aligns the director's interests with those of the shareholders.

Stakeholder Impact

• The transaction aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates