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

Director Robert Robotti reported the sale of Tidewater Inc. shares on May 8th and 9th, 2024.

Summary

• Robert Robotti, a director of Tidewater Inc. (TDW), reported the sale of common stock on May 8th and 9th, 2024.
• On May 8, 2024, 1,494 shares were sold at a price of $107.5259.
• On May 9, 2024, two transactions occurred: 94,152 shares and 60,848 shares were sold at a price of $107.2071 per share.
• Following these transactions, Mr. Robotti indirectly beneficially owns 2,699,100 shares.
• The shares are indirectly 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.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating stock sales by a company director. The sentiment is neutral as it simply reports transactions without expressing any opinion or outlook.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sales by a director may be perceived negatively by some shareholders, potentially leading to a slight decrease in investor confidence.

Key Dates