Form 4: Tidewater Inc. Executive Samuel R. Rubio Reports Stock Transactions
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 22, 2025, Samuel R. Rubio, EVP, CFO & CAO of Tidewater Inc., reported the disposition of 2,472 shares of common stock at a price of $42.07.
- An additional 730 shares were disposed of at the same price.
- These transactions were to cover taxes due upon the vesting of restricted stock units.
- Following these transactions, Rubio directly owns 82,527 shares of Tidewater Inc.
- Rubio also owns warrants to buy 1,254 shares of common stock with an exercise price of $100, expiring on November 14, 2024.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations from vesting equity. It doesn't indicate a significant positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executives, trade their company's stock. These filings provide transparency into insider transactions and can be monitored for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 11/14/2017 | Date warrants were issued. |
| 11/14/2024 | Expiration date of warrants. |
| 03/22/2025 | Date of stock disposition for tax withholding. |
| 03/25/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Tidewater Inc, TDW, Samuel R. Rubio, Stock Transaction, Beneficial Ownership, Executive Compensation, Restricted Stock Units, Tax Withholding
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