Form 4: Tidewater Inc. EVP, CFO & CAO Samuel R. Rubio Reports Stock Transaction
SEC Form 4 Filing
Samuel R. Rubio, EVP, CFO & CAO of Tidewater Inc., reports the disposition of 4,501 shares of common stock to cover taxes due upon the vesting of restricted stock units on March 11, 2024.
Summary
- On March 11, 2024, Samuel R. Rubio, the EVP, CFO & CAO of Tidewater Inc., disposed of 4,501 shares of common stock.
- The transaction was executed to cover taxes due upon the vesting of restricted stock units.
- The price per share was $81.45.
- Following the transaction, Rubio directly owns 93,535 shares of Tidewater Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives and their potential alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of transaction: Samuel R. Rubio disposed of 4,501 shares of common stock. |
| 03/12/2024 | Date of signature: Daniel A. Hudson, Attorney-in-Fact, signed the report. |
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