ROBOTTI ROBERT 4
4 · TIDEWATER INC · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Tidewater (TDW) Director Robert Robotti Receives Award 374 Shares
What Happened
Robert Robotti, a director of Tidewater Inc. (TDW), was issued 374 unrestricted shares of common stock as an award (Transaction code A) on April 1, 2026. The shares were valued at $83.44 each for a total of $31,207. The award was issued in lieu of certain cash compensation under Tidewater’s Director Stock Election Program.
Key Details
- Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (timely filing).
- Price per share: $83.44; total value: $31,207.
- Security: Common Stock ($0.001 par), unrestricted (per footnote).
- Shares reported in filing (footnote summary): the Form lists related holdings that include 147,344 shares directly owned by Robert Robotti prior to this grant and multiple affiliated holdings; adding the 374-share award would bring the directly held total to 147,718 and the combined holdings referenced in the footnote to 2,230,487 shares (per filing totals).
- Footnotes: F1 explains the award was issued in lieu of cash under the Director Stock Election Program. F2/F3 describe other shares tied to Robotti via advisory clients, partnerships, family, and indirect ownership; Robotti disclaims beneficial ownership except to the extent of any pecuniary interest.
Context
This was an award issued instead of cash compensation to a director — a common form of non-cash director pay and not a market purchase. Because many of the reported shares are held through affiliated entities and advisory client accounts, the filing clarifies how beneficial ownership is attributed for reporting rules; it does not necessarily indicate an additional personal buy or sell decision by the director.
Insider Transaction Report
- Award
Common Stock, $0.001 Par Value Per Share
[F1][F2][F3]2026-04-01$83.44/sh+374$31,207→ 2,230,113 total(indirect: See Footnote)
Footnotes (3)
- [F1]Represents unrestricted shares of the Common Stock, $0.001 par value per share (the "Common Stock"), issued to Mr. Robotti in lieu of certain cash compensation pursuant to his election under the Director Stock Election Program.
- [F2]This amount includes 114,395 shares of the Common Stock directly beneficially owned by the performance-fee paying advisory clients of Robotti & Company Advisors, LLC, an investment adviser registered under the Investment Advisers Act of 1940, as amended ("Robotti Advisors"), 1,143,117 shares of the Common Stock directly beneficially owned by The Ravenswood Investment Company, LP ("RIC"), 763,757 shares of the Common Stock directly beneficially owned by Ravenswood Investments III, L.P. ("RI"), 3,000 shares of the Common Stock directly beneficially owned by Suzanne and Robert Robotti Foundation, Inc. ("Robotti Foundation"), 58,500 shares of the Common Stock directly beneficially owned by Suzanne Robotti ("Su Robotti"), wife of Robert Robotti, and 147,344 shares of the Common Stock, directly beneficially owned by Robert Robotti.
- [F3]Mr. Robotti may be deemed to beneficially own (solely for the purpose of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ("Exchange Act")) certain of the shares of Common Stock set forth in this Form 4 through his indirect proportionate ownership of Robotti Advisors, as managing director of Ravenswood Management Company, LLC, which serves as the general partner of RIC and RI and through his marriage to Su Robotti. Mr. Robotti disclaims beneficial ownership of all securities reported herein except to the extent of his pecuniary interest therein, if any.