Form 4: Tidewater Inc. Executive Samuel R. Rubio Reports Stock Transaction
SEC Form 4 Filing
EVP, CFO & CAO of Tidewater Inc., Samuel R. Rubio, reports disposition of shares to cover taxes upon vesting of restricted stock units.
Summary
- On March 10, 2025, Samuel R. Rubio, EVP, CFO & CAO of Tidewater Inc., reported a transaction involving the company's common stock.
- Rubio disposed of 4,577 shares at a price of $40.35 per share to cover taxes due upon the vesting of restricted stock units.
- Following the transaction, Rubio directly owns 59,950 shares of Tidewater Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, and does not indicate any positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the vesting of restricted stock units and the subsequent sale of shares to cover tax obligations, a common practice among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: Disposition of shares to cover taxes. |
| 03/11/2025 | Date of signature by Attorney-in-Fact. |
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