Form 4: Tidewater Inc. Executive Piers Middleton Reports Stock Transactions

EVP & Chief Commercial Officer of Tidewater Inc., Piers Middleton, reports disposition of shares to cover taxes upon vesting of restricted stock units.

Summary

• On March 22, 2025, Piers Dayer Middleton, EVP & Chief Commercial Officer of Tidewater Inc., disposed of 1,408 shares of common stock at a price of $42.07.
• Additionally, Middleton disposed of 347 shares of common stock, also at $42.07, for tax obligations.
• Following these transactions, Middleton beneficially owns 27,495 shares of Tidewater Inc.
• The transactions were related to covering taxes due upon the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock transactions related to tax obligations, which is a routine event.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are related to tax obligations and do not indicate a significant change in the executive's holdings.

Key Dates

Keywords

Tidewater Inc, Piers Middleton, Form 4, Stock Transaction, Beneficial Ownership, Executive Compensation, TDW