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

Director Robert Robotti increased his indirect holdings in Tidewater Inc. by acquiring 727 shares of common stock through the Director Stock Election Program.

Summary

• On April 1, 2025, Robert Robotti, a director of Tidewater Inc., acquired 727 shares of common stock at a price of $42.96 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 indirect beneficial ownership amounts to 2,209,397 shares.
• 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., Suzanne Robotti, and Robert Robotti.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of an insider transaction. The director's participation in the stock election program could be seen as a slightly positive signal.

Positives

• Director's participation in the Director Stock Election Program demonstrates confidence in the company's future.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's increased investment in the company.

Key Dates

Keywords

Tidewater Inc., Robert Robotti, Director, Stock Election Program, Beneficial Ownership, Form 4, TDW