Form 4: Tidewater Inc. Director Louis Raspino Reports Stock Transactions

Director Louis Raspino reported the acquisition of restricted stock units and the sale and donation of common stock in Tidewater Inc.

Summary

• On June 6, 2024, Louis Raspino, a director of Tidewater Inc., acquired 1,323 shares of common stock through a restricted stock unit award that vests on June 6, 2025, with deferred receipt until his board service ends.
• On June 10, 2024, Raspino sold 5,000 shares at an average price of $104.19, 20,666 shares at an average price of $104.1891, and donated 3,000 shares to a charitable donor advised fund.
• Following these transactions, Raspino beneficially owns 43,832 shares of Tidewater Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions. There is no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the corporate world. It provides transparency to investors regarding the buying and selling activities of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Similar filings are made by directors and officers of companies like Schlumberger, Halliburton, and Baker Hughes when they trade their company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, as insider trading activity is often monitored for signals about the company's prospects.
• The donation of shares to a charitable fund has a positive social impact.

Key Dates