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

Director Kenneth Traub of Tidewater Inc. was granted 1,323 shares of common stock in the form of a Restricted Stock Unit Award on June 6, 2024.

Summary

• On June 6, 2024, Kenneth Traub, a director of Tidewater Inc., acquired 1,323 shares of common stock through a Restricted Stock Unit (RSU) award.
• The RSU award was granted at a price of $0 per share.
• These RSUs will vest on June 6, 2025.
• Following this transaction, Traub directly owns 88,802 shares of Tidewater Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of RSUs is a standard practice and indicates confidence in the company's future performance, as it aligns the director's interests with those of the shareholders.

Positives

• The grant of Restricted Stock Units to a director aligns their interests with those of the shareholders, incentivizing them to work towards the company's long-term success.

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 common in publicly traded companies. It reflects the company's compensation strategy to align executive interests with shareholder value.

Comparison to Industry Standards

• Restricted stock units are a common form of executive compensation in the oil and gas industry, used by companies like Schlumberger, Halliburton, and Baker Hughes to incentivize and retain key personnel.
• The vesting period of one year is fairly standard for RSU grants.
• The number of shares granted is relative to the size and market capitalization of Tidewater Inc.

Stakeholder Impact

• The granting of RSUs to a director can positively impact shareholders by aligning management's interests with the company's long-term success.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates