TDW Form 4: 570 shares issued to director at $54.8

Rhea-AI Filing Summary

Tidewater Inc. director Melissa Cougle received 570 shares of common stock on 10/01/2025 under the company's Director Stock Election Program, issued in lieu of certain cash compensation at an indicated price of $54.8 per share. After this issuance, Ms. Cougle beneficially owned 23,809 shares. The Form 4 was filed as a single reporting person filing and is signed by an attorney-in-fact on 10/02/2025. No derivative transactions or other classes of securities are reported on this form. The filing shows Ms. Cougle's address in Houston, TX and her status as a director of Tidewater.

Positive

• 570 shares issued to the director under the Director Stock Election Program
• Director's beneficial ownership increased to 23,809 shares, reflecting greater equity alignment

Negative

• None.

Insights

Corporate Governance Analyst

Director received equity in lieu of cash; modest ownership change.

The Form 4 documents a non-cash director compensation election: 570 shares issued at a noted price of $54.8 on 10/01/2025. This increases the director's beneficial holdings to 23,809 shares, a change explicitly tied to the company's Director Stock Election Program.

This is a routine administration of director compensation and confirms alignment via equity rather than cash; the filing contains no derivative transactions or other material securities events.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cougle Melissa

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $0.001 par value	570	$54.80	$31K

Holdings After Transaction: Common Stock, $0.001 par value — 23,809 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Cougle Melissa

(Last) (First) (Middle)

842 WEST SAM HOUSTON PARKWAY NORTH

SUITE 400

(Street)

HOUSTON TX 77024

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TIDEWATER INC [ TDW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.001 par value	10/01/2025		A		570(1)	A	$54.8	23,809	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of Common Stock, $0.001 par value per share, issued to Ms. Cougle in lieu of certain cash compensation pursuant to her election under the Director Stock Election Program.

	/s/ Daniel A. Hudson, Attorney-in-Fact	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Tidewater (TDW) Form 4 disclose for Melissa Cougle?

The Form 4 discloses that Melissa Cougle received 570 shares on 10/01/2025 issued in lieu of cash compensation under the Director Stock Election Program.

How many Tidewater shares does Melissa Cougle own after the transaction?

After the reported transaction Ms. Cougle beneficially owned 23,809 shares of Tidewater common stock.

What price per share is shown on the Form 4 for the issued shares?

The Form 4 lists a price of $54.8 per share for the issued common stock.

When was the Form 4 filed and who signed it?

The Form 4 shows the transaction date as 10/01/2025 and is signed by an attorney-in-fact, Daniel A. Hudson, on 10/02/2025.

Was the transaction a derivative or non-derivative event?

This was a non-derivative security issuance of common stock; no derivative securities were reported.