Tidewater (NYSE: TDW) COO receives 6,643-share restricted stock grant

Rhea-AI Filing Summary

Middleton Piers Dayer reported acquisition or exercise transactions in this Form 4 filing.

Tidewater Inc. executive vice president and chief operating officer Piers Dayer Middleton received an equity award tied to 6,643 shares of common stock at $75.27 per share. The award is structured as restricted stock units that vest in three equal annual installments on March 22 of 2027, 2028, and 2029.

After this grant, Middleton directly holds 32,085 shares of Tidewater common stock. This is a compensation-related award rather than an open-market purchase, designed to align a senior executive’s pay with the company’s long-term performance through multi-year vesting.

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

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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^*

Middleton Piers Dayer

(Last) (First) (Middle)

842 W SAM HOUSTON PARKWAY N., 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001	03/18/2026		A		6,643(1)	A	$75.27	32,085	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 a grant of restricted stock units that vest pro-rata per year on each of March 22, 2027, 2028, and 2029.

	/s/ Daniel A. Hudson, Attorney-in-Fact	03/20/2026
	** 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)

FAQ

What did Tidewater (TDW) executive Piers Dayer Middleton report in this Form 4?

Piers Dayer Middleton reported receiving an equity award linked to 6,643 shares of Tidewater common stock. The filing shows this as a compensation-related grant, not an open-market stock purchase, increasing his direct holdings to 32,085 shares after the transaction.

At what price was the 6,643-share award for Tidewater (TDW) valued?

The 6,643-share award was valued at $75.27 per share. This price is disclosed as the transaction price per share for the grant, providing an indicative value for the restricted stock unit award reported by Tidewater’s executive vice president and chief operating officer.

How do the Tidewater (TDW) restricted stock units for Middleton vest?

The restricted stock units vest pro-rata over three years. They vest in equal annual installments on March 22 of 2027, 2028, and 2029, creating a multi-year incentive structure tied to Middleton’s continued service and the company’s long-term performance.

How many Tidewater (TDW) shares does Middleton hold after this grant?

After this grant, Middleton directly holds 32,085 shares of Tidewater common stock. This total includes the newly awarded 6,643-share restricted stock grant, reflecting his updated equity stake as reported in the Form 4 insider transaction statement.

Is the Tidewater (TDW) Form 4 transaction a stock purchase or a compensation grant?

The transaction is a compensation grant, not an open-market purchase. It is reported with code “A” as a grant or award of restricted stock units, providing equity-based pay that vests over several years rather than a discretionary buy in the market.