David E. Darling - Mar 18, 2025 Form 4 Insider Report for TIDEWATER INC (TDW)

Role
EVP, COO & CHIEF HR OFFICER
Signature
/s/ Daniel A. Hudson, Attorney-in-Fact
Stock symbol
TDW
Transactions as of
Mar 18, 2025
Transactions value $
$1,190,428
Form type
4
Date filed
3/20/2025, 06:00 PM
Previous filing
Mar 12, 2025
Next filing
Mar 25, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDW Common Stock, $0.001 par value Award $932K +22.6K +46.47% $41.33 71.1K Mar 18, 2025 Direct F1
transaction TDW Common Stock, $0.001 par value Tax liability -$367K -8.88K -12.48% $41.33 62.2K Mar 18, 2025 Direct F2
transaction TDW Common Stock, $0.001 par value Award $625K +15.1K +24.3% $41.33 77.4K Mar 18, 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares earned upon vesting and settlement of Performance Restricted Stock Units ("PRSUs") awarded on March 10, 2022, that measured the relative TSR of Tidewater Inc. (the "Issuer") against a predetermined peer group for the three-year period beginning January 1, 2022 through December 3, 2024. On March 18, 2025, the Compensation & Human Capital Committee of the Issuer certified the relative TSR performance at the maximum level, resulting in all of the PSUs originally granted becoming earned at 200% of the target amount granted.
F2 Shares withheld for payment of taxes in connection with the vesting and settlement of the PRSUs described in footnote 1 above.
F3 Represents a grant of restricted stock units that vest pro-rata per year on each of March 22, 2026, 2027, and 2028.