Tidewater (NYSE: TDW) director receives 1,760-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Traub Kenneth reported acquisition or exercise transactions in this Form 4 filing.
Tidewater Inc. director Kenneth Traub received an equity compensation grant of 1,760 shares of common stock in the form of a Restricted Stock Unit Award. The award vests on June 16, 2027, with settlement of shares deferred until June 16, 2028. After this grant, Traub directly holds 73,521 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Traub Kenneth
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.001 par value | 1,760 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $0.001 par value — 73,521 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 1,760 shares
Post-transaction holdings: 73,521 shares
Vesting date: June 16, 2027
+2 more
5 metrics
RSU grant size
1,760 shares
Restricted Stock Unit Award granted June 16, 2026
Post-transaction holdings
73,521 shares
Total common shares directly held after grant
Vesting date
June 16, 2027
RSU vesting date per footnote
Settlement date
June 16, 2028
Deferred settlement date for RSU shares
Grant price per share
$0.0000 per share
RSU award granted at no cash cost to insider
Key Terms
Restricted Stock Unit Award, vests, defer settlement, grant, award, or other acquisition
4 terms
Restricted Stock Unit Award financial
"Represents the grant of a Restricted Stock Unit Award that vests on June 16, 2027"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
vests financial
"Restricted Stock Unit Award that vests on June 16, 2027"
defer settlement financial
"provided the Reporting Person has elected to defer settlement of the shares until the second anniversary"
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What insider transaction did Tidewater (TDW) disclose for Kenneth Traub?
Tidewater disclosed that director Kenneth Traub received a grant of 1,760 Restricted Stock Units. These RSUs are a form of equity compensation rather than an open-market purchase or sale of Tidewater common stock.
When do Kenneth Traub’s Tidewater (TDW) RSUs vest and settle?
The 1,760 Restricted Stock Units granted to Kenneth Traub vest on June 16, 2027. Settlement of the underlying Tidewater shares is deferred until June 16, 2028, two years after the grant date, subject to his deferral election.
Was Kenneth Traub’s Tidewater (TDW) transaction a market purchase or sale?
The transaction was a grant/award acquisition, coded “A,” not an open-market trade. It represents compensation in the form of Restricted Stock Units rather than buying or selling shares on the market at a stated price.
What does the deferral election mean in Kenneth Traub’s Tidewater (TDW) RSU grant?
The footnote explains that Traub elected to defer settlement of his RSUs until June 16, 2028. This means the actual Tidewater shares linked to the award are delivered two years after the grant date, despite vesting one year earlier.