Form 4: Tidewater Inc. Director Robert Robotti Acquires Shares in Lieu of Cash Compensation

Director Robert Robotti acquired 340 shares of Tidewater Inc. common stock on July 1, 2024, in lieu of cash compensation under the Director Stock Election Program.

Summary

• On July 1, 2024, Robert Robotti, a director of Tidewater Inc., acquired 340 shares of common stock at a price of $91.7 per share.
• The acquisition was made in lieu of certain cash compensation under the Director Stock Election Program.
• Following the transaction, Mr. Robotti beneficially owns 2,157,700 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.
• 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 related to director compensation. The director taking stock in lieu of cash is a mildly positive signal.

Positives

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

Industry Context

This transaction reflects insider activity, which is often monitored by investors for signals about a company's prospects. Director stock ownership can align management's interests with those of shareholders.

Key Dates