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

Samuel R. Rubio, EVP, CFO & CAO of Tidewater Inc., sold 19,641 shares of common stock at an average price of $81.36 on March 5, 2024.

Summary

• On March 5, 2024, Samuel R. Rubio, the EVP, CFO & CAO of Tidewater Inc., sold 19,641 shares of the company's common stock.
• The sale was executed at a weighted average price of $81.36 per share, with individual transactions occurring between $81.26 and $81.69.
• Following the transaction, Rubio directly owns 98,036 shares of Tidewater Inc.
• The transaction was reported on a Form 4 filing with the SEC.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of an insider transaction. The sale itself doesn't necessarily indicate a positive or negative outlook.

Industry Context

This filing is a routine disclosure of insider trading activity. It provides transparency into the actions of company executives regarding their holdings in the company's stock.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some investors, potentially leading to a slight decrease in stock price, although this is a relatively small transaction.

Key Dates