Kneen Quintin 4

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.