Tidewater (TDW) CEO reports vested PRSUs, tax withholding and new RSU grant

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Tidewater Inc. Director, President & CEO Quintin Kneen reported equity compensation activity involving common stock at a price of $75.27 per share. He received 65,938 shares earned from Performance Restricted Stock Units tied to relative total shareholder return, after the compensation committee certified performance at 75%, which resulted in the PRSUs vesting at 150% of their target amount. To cover related taxes, 25,965 shares were withheld rather than sold in the open market. Kneen also received a new grant of 25,575 restricted stock units that vest in three equal annual installments on March 22 of 2027, 2028, and 2029, bringing his direct holdings to 373,063 shares of Tidewater common stock following these transactions.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Kneen Quintin

Role DIRECTOR, PRESIDENT & CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $0.001 par value	65,938	$75.27	$4.96M
Tax Withholding	Common Stock, $0.001 par value	25,965	$75.27	$1.95M
Grant/Award	Common Stock, $0.001 par value	25,575	$75.27	$1.93M

Holdings After Transaction: Common Stock, $0.001 par value — 373,453 shares (Direct)

Footnotes (1)

Shares earned upon vesting and settlement of Performance Restricted Stock Units ("PRSUs") awarded on March 16, 2023, that measured the relative TSR of Tidewater Inc. (the "Issuer") against a predetermined peer group for the three-year period beginning January 1, 2023 through December 3, 2025. On March 18, 2026, the Compensation & Human Capital Committee of the Issuer certified the relative TSR performance at 75%, resulting in the PSUs originally granted becoming earned at 150% of the target amount granted. Shares withheld for payment of taxes in connection with the vesting and settlement of the PRSUs described in footnote 1 above. Represents a grant of restricted stock units that vest pro-rata per year on each of March 22, 2027, 2028, and 2029.

Form 4 Insider Transactions: What Each Field Means →

03/20/2026 - 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^*

Kneen Quintin

(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
X	Officer (give title below)	Other (specify below)
	DIRECTOR, PRESIDENT & CEO

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)
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	03/18/2026		A		65,938⁽¹⁾	A	$75.27	373,453	D
Common Stock, $0.001 par value	03/18/2026		F		25,965⁽²⁾	D	$75.27	347,488	D
Common Stock, $0.001 par value	03/18/2026		A		25,575⁽³⁾	A	$75.27	373,063	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. Shares earned upon vesting and settlement of Performance Restricted Stock Units ("PRSUs") awarded on March 16, 2023, that measured the relative TSR of Tidewater Inc. (the "Issuer") against a predetermined peer group for the three-year period beginning January 1, 2023 through December 3, 2025. On March 18, 2026, the Compensation & Human Capital Committee of the Issuer certified the relative TSR performance at 75%, resulting in the PSUs originally granted becoming earned at 150% of the target amount granted.

2. Shares withheld for payment of taxes in connection with the vesting and settlement of the PRSUs described in footnote 1 above.

3. 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Tidewater (TDW) CEO Quintin Kneen report in this Form 4?

Quintin Kneen reported equity compensation activity in Tidewater common stock. He received vested performance-based shares, had some shares withheld for taxes, and received a new restricted stock unit grant, all as part of his ongoing compensation package rather than open-market trading.

How many Tidewater (TDW) shares did the CEO earn from PRSUs?

He earned 65,938 Tidewater shares upon vesting of Performance Restricted Stock Units. These PRSUs were granted in March 2023 and measured relative total shareholder return over a specified three-year period, with the final certification resulting in a 150% payout of the original target award.

Were any Tidewater (TDW) shares sold on the open market in this Form 4?

No open-market sales were reported. The 25,965-share disposition was coded as tax withholding, meaning shares were retained by the company to satisfy tax obligations tied to vesting, rather than being sold by the CEO into the public market.

What new restricted stock units did the Tidewater (TDW) CEO receive?

He received a new grant of 25,575 restricted stock units. These RSUs vest in three equal annual installments on March 22 of 2027, 2028, and 2029, providing time-based equity compensation that aligns his interests with longer-term Tidewater shareholder value.

How many Tidewater (TDW) shares does the CEO hold after these transactions?

Following the reported transactions, Quintin Kneen directly holds 373,063 shares of Tidewater common stock. This figure reflects the net result of vested performance units, shares withheld for taxes, and the addition of newly granted restricted stock units to his equity position.

What performance metric drove the Tidewater (TDW) PRSU vesting outcome?

The PRSUs vested based on Tidewater’s relative total shareholder return versus a peer group. The compensation committee certified performance at 75%, which caused the performance stock units to become earned at 150% of the originally granted target share amount.