Form 4: Tidewater Inc. Director Darron M. Anderson Sells Shares in Recent Transactions
SEC Form 4 Filing
Director Darron M. Anderson of Tidewater Inc. (TDW) recently sold shares of the company's common stock in two separate transactions.
Summary
- On May 22, 2024, Darron M. Anderson, a director of Tidewater Inc., sold 1,750 shares of common stock at a price of $102.105 per share.
- Following this transaction, Anderson directly owned 41,447 shares.
- On May 24, 2024, Anderson sold an additional 1,000 shares at a weighted average price of $103.888 per share, with prices ranging from $103.8550 to $103.9107.
- After the second transaction, Anderson directly owned 40,447 shares of Tidewater Inc.
- The sales were executed as open market sales.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports factual transactions of share sales by a director. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
Insider sales are common and can be for various reasons, including personal financial planning. However, significant or unusual patterns of insider selling can sometimes be viewed negatively by investors.
Stakeholder Impact
- Shareholders may react to the insider selling activity, potentially influencing the stock price.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Director Darron M. Anderson sold 1,750 shares of common stock at $102.105 per share. |
| 05/24/2024 | Director Darron M. Anderson sold 1,000 shares of common stock at a weighted average price of $103.888 per share. |
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