Form 4: Tidewater Inc. Director Fagerstal Receives Restricted Stock Unit Award

Director Dick Fagerstal received a grant of 1,323 restricted stock units (RSUs) from Tidewater Inc. on June 6, 2024, which will vest on June 6, 2025, with deferred receipt until the end of his board service.

Summary

• On June 6, 2024, Dick Fagerstal, a director of Tidewater Inc., was granted 1,323 restricted stock units (RSUs).
• These RSUs will vest on June 6, 2025, contingent upon Fagerstal's continued service on the board.
• Fagerstal has elected to defer receipt of the shares until the end of his service on the board of directors.
• Following this transaction, Fagerstal directly owns 70,873 shares of Tidewater Inc. common stock.

Sentiment

Score: 7

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

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting period encourages continued service on the board.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects a component of director compensation at Tidewater Inc.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of the shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates