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

Director Robert Robotti acquired 333 shares of Tidewater Inc. common stock on April 1, 2024, through the Director Stock Election Program.

Summary

• On April 1, 2024, Robert Robotti, a director of Tidewater Inc., acquired 333 shares of common stock.
• The acquisition was made through the Director Stock Election Program at a price of $93.8 per share.
• Following the transaction, Mr. Robotti beneficially owns 2,855,594 shares indirectly.
• These shares are held 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, his wife.
• Mr. Robotti disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction, and the director's participation in the Director Stock Election Program could be seen as a positive sign, but it's not a major event.

Positives

• The acquisition of shares by a director may signal confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency to investors regarding the trading activities of company insiders.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment.

Key Dates