Tidewater CFO reports tax-withholding share dispositions
Tidewater Inc. executive Samuel R. Rubio reported routine tax-related share dispositions tied to equity compensation.
Rhea-AI Filing Summary
Tidewater Inc. executive Samuel R. Rubio reported routine tax-related share dispositions tied to equity compensation. On the vesting of restricted stock units, a total of 4,789 shares of common stock were withheld to cover taxes through three Form F transactions at a price of $72.48 per share. These are not open-market sales but shares retained by the company to satisfy tax obligations. Following these withholdings, Rubio directly owns 67,569 shares of Tidewater common stock.
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Insider Trade Summary
Exercise Price or Tax Liability: 4,789 shares
Exercise Price or Tax Liability
3 txns
Insider
Rubio Samuel R
Role
EVP, CFO & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.001 | 1,587 | $72.48 | $115K |
| Exercise Price or Tax Liability | Common Stock, par value $0.001 | 2,472 | $72.48 | $179K |
| Exercise Price or Tax Liability | Common Stock, par value $0.001 | 730 | $72.48 | $53K |
Holdings After Transaction:
Common Stock, par value $0.001 — 67,569 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld to cover taxes due upon the vesting of restricted stock units.
FAQ
What insider activity did Tidewater (TDW) report for Samuel R. Rubio?
Tidewater reported that executive Samuel R. Rubio had shares withheld to cover taxes upon vesting of restricted stock units. Three Form F transactions reflect tax-withholding dispositions, not open-market sales, and are a routine part of equity compensation administration.
Do Samuel R. Rubio’s Form 4 transactions in Tidewater (TDW) signal open-market selling?
No, the reported Form 4 transactions are coded F for tax-withholding dispositions related to restricted stock unit vesting. Footnotes clarify the shares were withheld to cover taxes, meaning they are not open-market sales and do not indicate discretionary selling activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.