Form 4: Tidewater Inc. Director Robert Robotti Acquires Additional Shares Through Director Stock Election Program

Robert Robotti, a director of Tidewater Inc., acquired 1,323 shares of common stock on June 6, 2024, through the Director Stock Election Program.

Summary

• On June 6, 2024, Robert Robotti, a director of Tidewater Inc., acquired 1,323 shares of common stock at a price of $94.44 per share.
• The acquisition was made through the Director Stock Election Program, where Mr. Robotti elected to receive shares in lieu of certain cash compensation.
• Following the transaction, Mr. Robotti's total beneficial ownership is 2,157,360 shares.
• These shares are held both directly and indirectly through various entities including Robotti & Company Advisors, LLC, The Ravenswood Investment Company, LP, Ravenswood Investments III, L.P., Suzanne and Robert Robotti Foundation, Inc., and Suzanne Robotti.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares indicates confidence, but it's a routine transaction under a pre-existing program.

Positives

• Director's participation in the Director Stock Election Program demonstrates confidence in the company's future.
• Increased share ownership by a director can be viewed positively by investors.

Industry Context

This transaction reflects insider activity, which is closely monitored by investors for signals about a company's prospects. Director stock ownership is generally viewed as a positive sign.

Comparison to Industry Standards

• Comparing insider ownership at Tidewater to peers like SEACOR Marine Holdings or Hornbeck Offshore Services could provide context on how aligned management incentives are relative to the industry.
• Director stock ownership is a common practice, but the extent of ownership and participation in programs like the Director Stock Election Program can vary significantly across companies.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals director confidence.
• The impact on other stakeholders is likely minimal.

Key Dates