Tidewater EVP Hudson offloads 5k TDW shares, retains 85.9k
Rhea-AI Filing Summary
Tidewater, Inc. (TDW) – Form 4 insider transaction
Executive Vice President & General Counsel Daniel A. Hudson reported the sale of 5,000 common shares on 07 July 2025 at a weighted-average price of $50.016 per share. The transaction was executed under a previously established Rule 10b5-1 trading plan dated 17 Mar 2025, indicating it was pre-scheduled.
Following the sale, Hudson’s direct holdings total 85,986 shares. No derivative security transactions were reported, and there were no purchases disclosed.
The filing provides no additional information on Tidewater’s operations, earnings, or strategy; it is strictly a disclosure of this single insider sale.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small pre-planned insider sale; neutral governance signal.
The Form 4 shows EVP & General Counsel Daniel Hudson sold 5,000 TDW shares (~US$250k) under a 10b5-1 plan. Such plans mitigate concerns about information asymmetry, and the remaining stake (≈86k shares) suggests the executive maintains substantial exposure. Relative to Tidewater’s float, the transaction is immaterial; therefore, I view market impact as neutral.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $0.001 par value | 5,000 | $50.016 | $250K |
Footnotes (1)
- This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 17, 2025. The transaction was executed in multiple trades at prices ranging from $50.00 to $50.08. The price above reflects the weighted average sale price. Upon request from the SEC staff, the issuer, or a security holder of the issuer, the Reporting Person hereby undertakes to provide the requesting party with full information regarding the number of shares and prices at which the transaction was effected.