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

Director Robert Robotti increased his indirect holdings in Tidewater Inc. through the acquisition of shares in lieu of cash compensation.

Summary

• On January 2, 2025, Robert Robotti, a director of Tidewater Inc., acquired 560 shares of common stock at a price of $55.73 per share.
• The acquisition was made through the Director Stock Election Program, where Mr. Robotti elected to receive shares in lieu of cash compensation.
• Following the transaction, Mr. Robotti's total beneficial ownership includes 2,181,900 shares, some of which are held indirectly through 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: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, which can be seen as a sign of confidence. However, it's a routine transaction related to compensation.

Positives

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

Industry Context

This filing reflects routine transactions related to director compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

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

Key Dates