Form 4: Tidewater Inc. Director Robert Robotti Reports Stock Sales

Director Robert Robotti reported the sale of Tidewater Inc. shares across multiple transactions on May 20 and May 21, 2024.

Summary

• Robert Robotti, a director of Tidewater Inc., reported the sale of common stock in a series of transactions.
• On May 20, 2024, Robotti sold 68,149 shares at a price of $107.2253.
• Another sale of 1,851 shares occurred on the same day at the same price.
• On May 21, 2024, Robotti sold 80,218 shares at $107.2779.
• A further sale of 42,842 shares was executed on May 21, 2024, also at $107.2779.
• Following these transactions, Robotti's indirectly beneficially owned shares decreased, but he still holds a significant amount.
• The reported beneficial ownership includes shares held by Robotti Advisors' clients, The Ravenswood Investment Company, Ravenswood Investments III, L.P., Suzanne and Robert Robotti Foundation, Inc., Suzanne Robotti, and Robert Robotti himself.
• Robotti disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a report of stock sales, which doesn't inherently indicate positive or negative sentiment. It's a factual disclosure.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the corporate world. The sale itself doesn't necessarily indicate a negative outlook for Tidewater Inc., but it's a data point investors may consider.

Stakeholder Impact

• Shareholders may react to the news of the stock sale, although the impact is likely to be minimal given the context of the filing.
• The transactions could influence short-term stock price fluctuations.

Key Dates