Form 4: Tidewater Inc. Executive Piers Dayer Middleton Reports Stock Disposals to Cover Tax Obligations

EVP & Chief Commercial Officer of Tidewater Inc., Piers Dayer Middleton, reports disposing of shares to cover tax obligations arising from vesting of restricted stock units.

Summary

• Piers Dayer Middleton, EVP & Chief Commercial Officer of Tidewater Inc., filed a Form 4 detailing changes in beneficial ownership.
• On January 2, 2025, Middleton disposed of 2,025 shares of common stock at a price of $55.73 to cover taxes due upon the vesting of restricted stock units.
• Following this transaction, Middleton directly owns 23,171 shares of Tidewater Inc.
• On March 10, 2025, Middleton disposed of 1,785 shares of common stock at a price of $40.35 to cover taxes due upon the vesting of restricted stock units.
• Following this transaction, Middleton directly owns 21,386 shares of Tidewater Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, as it reflects routine tax-related disposals.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The disposal of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the disposal (tax obligations).

Key Dates