Form 4: Tidewater Inc. Executive Piers Dayer Middleton Reports Acquisition of Restricted Stock Units
SEC Filing (Form 4)
EVP & Chief Commercial Officer of Tidewater Inc., Piers Dayer Middleton, reports the acquisition of 7,864 restricted stock units.
Summary
- Piers Dayer Middleton, EVP & Chief Commercial Officer of Tidewater Inc., filed a Form 4 on March 20, 2025, reporting a transaction.
- On March 18, 2025, Middleton acquired 7,864 shares of common stock at a price of $41.33 per share.
- These shares were granted as restricted stock units, vesting pro-rata annually on March 22, 2026, 2027, and 2028.
- Following the reported transaction, Middleton beneficially owns 29,250 shares of Tidewater Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive compensation, and does not inherently convey positive or negative sentiment.
Positives
- The acquisition of restricted stock units aligns the executive's interests with the long-term performance of the company.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. This filing indicates ongoing executive compensation practices at Tidewater Inc.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of transaction: Acquisition of restricted stock units. |
| 03/20/2025 | Date of Form 4 filing. |
| 03/22/2026 | First vesting date for the restricted stock units. |
| 03/22/2027 | Second vesting date for the restricted stock units. |
| 03/22/2028 | Final vesting date for the restricted stock units. |
Keywords
Form 4, Tidewater Inc, Restricted Stock Units, Beneficial Ownership, Piers Dayer Middleton, TDW, Executive Compensation
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