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TIDEWATER INC — Director's Dealing 2025
Mar 20, 2025
10404_dirs_2025-03-20_803d858d-a236-4259-a8d5-4b8d23c29584.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2025-03-18
Reporting Person: Darling David E (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-18 | Common Stock, $0.001 par value | A | 22558 | $41.33 | Acquired | 71106 | Direct |
| 2025-03-18 | Common Stock, $0.001 par value | F | 8877 | $41.33 | Disposed | 62229 | Direct |
| 2025-03-18 | Common Stock, $0.001 par value | A | 15122 | $41.33 | Acquired | 77351 | Direct |
Footnotes
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.