Kneen Quintin 4

What Happened Quintin Kneen, President & CEO and a director of Tidewater Inc. (TDW), had 14,193 shares disposed on 2026-03-23 as tax-withholding related to restricted stock unit vesting. The filings show three withholding transactions: 5,766 shares ($72.48 each, $417,920), 2,555 shares ($72.48 each, $185,186), and 5,872 shares ($72.48 each, $425,603), totaling 14,193 shares and approximately $1,028,709. These were recorded as dispositions (code F) to cover tax liabilities, not open-market sales.

Key Details

• Transaction date: 2026-03-23
• Price per share: $72.48
• Shares withheld/disposed: 5,766; 2,555; 5,872 (total 14,193)
• Reported proceeds (per line): $417,920; $185,186; $425,603 — combined ≈ $1,028,709
• Footnote: F1 — shares were withheld to cover taxes due upon RSU vesting (tax withholding)
• Filing date matches transaction date (2026-03-23); no late filing indicated in the provided data
• Shares owned after the transaction: not specified in the provided excerpt of the Form 4

Context Tax-withholding dispositions on RSU vesting are routine compensation-related transactions where the company retains/surrenders shares to cover the insider's tax bill. These are not the same as a market sale intended to raise cash or signal a view on the stock. For retail investors, purchases or open-market sales are generally more informative about insider sentiment; withholding for taxes is a standard administrative action.