Form 4: Tidewater Inc. Director Quintin Kneen Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Quintin Kneen, Director, President, and CEO of Tidewater Inc., disposed of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On March 10, 2025, Quintin Kneen, a Director, President, and CEO of Tidewater Inc. (TDW), disposed of 12,974 shares of common stock to cover taxes due upon the vesting of restricted stock units.
- The shares were disposed of at a price of $40.35 per share.
- Following the transaction, Kneen directly owns 163,265 shares of Tidewater Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like directors and officers, trade their company's stock. This filing indicates a transaction related to tax obligations from vested restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The disposal of shares by a company insider could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of stock disposal transaction. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
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