TDW.NYSETidewater INC

Form 4: Tidewater Inc. EVP, CFO & CAO Samuel R. Rubio Sells Shares

Sentiment:

SEC Form 4

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Samuel R. Rubio, EVP, CFO & CAO of Tidewater Inc., sold 24,396 shares of common stock at a weighted average price of $107.385 on May 8, 2024.

Summary

  • On May 8, 2024, Samuel R. Rubio, the EVP, CFO & CAO of Tidewater Inc., sold 24,396 shares of the company's common stock.
  • The sale was executed in multiple trades at prices ranging from $106.74 to $107.84, with a weighted average sale price of $107.385.
  • Following the transaction, Rubio directly owns 64,527 shares of Tidewater Inc.
  • Rubio also disposed of 1,254 warrants with an exercise price of $100, expiring on November 14, 2024.
  • These warrants were originally granted on November 14, 2017 and were exercisable into 1,254 shares of common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It's neither positive nor negative from an investment perspective without further context.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company.

Stakeholder Impact

  • The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, potentially signaling a lack of confidence in the company's future performance, although this is not necessarily the case.

Key Dates

DateDescription
11/14/2017Date warrants were granted.
05/08/2024Date of the stock and warrant sale.
05/09/2024Date of the Form 4 filing.
11/14/2024Expiration date of the warrants.

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