Tidewater (TDW) director receives 374-share stock grant instead of cash fees

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Cougle Melissa reported acquisition or exercise transactions in this Form 4 filing.

Tidewater Inc. director Melissa Cougle received 374 shares of common stock as compensation. The shares, valued at $83.44 per share, were issued under a Director Stock Election Program in lieu of certain cash fees. After this grant, she directly holds 24,781 shares of Tidewater common stock.

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	374	$83.44	$31K

Holdings After Transaction: Common Stock, $0.001 par value — 24,781 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 374 shares Grant price: $83.44 per share Shares held after: 24,781 shares

3 metrics

Shares granted 374 shares Common Stock grant on April 1, 2026

Grant price $83.44 per share Value per share for compensation grant

Shares held after 24,781 shares Direct holdings following the reported grant

Key Terms

Director Stock Election Program, Grant, award, or other acquisition, Common Stock, $0.001 par value

3 terms

Director Stock Election Program financial

"issued to Ms. Cougle in lieu of certain cash compensation pursuant to her election under the Director Stock Election Program"

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Stock, $0.001 par value financial

"security_title: Common Stock, $0.001 par value"

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 08:00 PM

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cougle Melissa

(Last)

(First)

(Middle)

842 WEST SAM HOUSTON PARKWAY NORTH

SUITE 400

(Street)

HOUSTON

TEXAS

77024

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $0.001 par value	04/01/2026		A		374⁽¹⁾	A	$83.44	24,781	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Tidewater (TDW) director Melissa Cougle report?

Melissa Cougle reported receiving 374 shares of Tidewater common stock as compensation. The shares were granted on April 1, 2026 at $83.44 per share, issued instead of certain cash fees under the company’s Director Stock Election Program.

Was the Tidewater (TDW) Form 4 transaction an open-market purchase or a grant?

The transaction was a grant of shares, not an open-market purchase. Tidewater issued 374 common shares to director Melissa Cougle at $83.44 per share as compensation in lieu of cash, under the Director Stock Election Program described in the filing footnote.

How many Tidewater (TDW) shares does Melissa Cougle hold after this Form 4?

After the reported grant, Melissa Cougle directly holds 24,781 Tidewater common shares. This total includes the 374 shares issued on April 1, 2026 as part of her director compensation election, according to the share balance disclosed in the Form 4.

What is the Director Stock Election Program mentioned in the Tidewater (TDW) Form 4?

The Director Stock Election Program allows directors to receive stock instead of certain cash compensation. In this case, Tidewater issued 374 common shares to director Melissa Cougle in lieu of cash fees, as described in the Form 4 footnote for this compensation-related grant.

Does the Tidewater (TDW) Form 4 indicate any insider selling by Melissa Cougle?

The Form 4 does not report any insider selling by Melissa Cougle. It shows only an acquisition of 374 Tidewater common shares as a grant in lieu of cash compensation, classified as a grant, award, or other acquisition transaction, with no dispositions listed.