Kneen Quintin 4
4 · TIDEWATER INC · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Tidewater (TDW) CEO Quintin Kneen Receives Stock Award
What Happened Quintin Kneen, Tidewater Inc.’s Director, President & CEO, received shares on March 18, 2026 from the vesting/settlement of performance restricted stock units (PRSUs) and a grant of restricted stock units (RSUs). The filing reports acquisitions of 65,938 shares (at $75.27, $4,963,153) and 25,575 shares (at $75.27, $1,925,030), and 25,965 shares were withheld to cover taxes (disposed at $75.27, $1,954,386). Net delivery to Kneen after withholding was 65,548 shares, with a net value of about $4.93 million.
Key Details
- Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (filed timely).
- Prices: all share values reported at $75.27 per share.
- Shares acquired (gross): 91,513 shares (65,938 + 25,575) = $6,888,183 total.
- Shares withheld for taxes: 25,965 shares = $1,954,386 (disposition code F).
- Net shares received: 65,548 shares; net value ≈ $4,933,797.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
- Footnotes of note:
- F1: PRSUs granted March 16, 2023 measured relative TSR vs. peers for 2023–2025; committee certified 75% performance, resulting in payout at 150% of target.
- F2: Withholding of 25,965 shares to satisfy tax obligations on vesting.
- F3: The 25,575-share grant represents RSUs that vest pro rata on March 22 of 2027, 2028 and 2029.
Context
- These were awards/settlements (not open-market buys or discretionary sales). The PRSU payout reflects company-relative TSR performance over the specified three-year period rather than a cash purchase.
- Tax-withholding of shares (code F) is a routine administrative disposition and does not necessarily indicate a voluntary sale.
- For retail investors, grant/vesting events indicate compensation-related insider inflows of shares rather than a CEO buying shares on the open market.
Insider Transaction Report
Form 4
Kneen Quintin
DirectorDIRECTOR, PRESIDENT & CEO
Transactions
- Award
Common Stock, $0.001 par value
[F1]2026-03-18$75.27/sh+65,938$4,963,153→ 373,453 total - Tax Payment
Common Stock, $0.001 par value
[F2]2026-03-18$75.27/sh−25,965$1,954,386→ 347,488 total - Award
Common Stock, $0.001 par value
[F3]2026-03-18$75.27/sh+25,575$1,925,030→ 373,063 total
Footnotes (3)
- [F1]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.
- [F2]Shares withheld for payment of taxes in connection with the vesting and settlement of the PRSUs described in footnote 1 above.
- [F3]Represents a grant of restricted stock units that vest pro-rata per year on each of March 22, 2027, 2028, and 2029.
Signature
/s/ Daniel A. Hudson, Attorney-in-Fact|2026-03-20