Rubio Samuel R 4
Research Summary
AI-generated summary
Tidewater (TDW) EVP/CFO Samuel Rubio Sells Shares
What Happened
Samuel R. Rubio, Tidewater Inc.'s Executive Vice President, Chief Financial Officer and Chief Accounting Officer, sold 22,461 shares in an open-market transaction on March 5, 2026. The reported weighted-average sale price was $80.05, for a total proceeds amounting to approximately $1,798,003. This was a disposal (sale), which is often routine for insiders and does not by itself indicate a change in company outlook.
Key Details
- Transaction date: March 5, 2026 (filed March 6, 2026) — appears to be timely (Form 4 is generally due within two business days).
- Transaction type/code: Sale (S) — open-market or private sale as reported.
- Shares sold: 22,461 at a weighted-average price of $80.05; total proceeds ≈ $1,798,003.
- Price range: executed in multiple trades at prices from $80.01 to $80.51; the filing reports the weighted-average price and includes a footnote offering to provide trade-by-trade details on request (Footnote F1).
- Shares owned after the transaction: Not specified in the provided excerpt of the filing. Requesting the full Form 4 can provide the post-transaction holdings.
Context
Sales by executives can be for many personal reasons (diversification, taxes, liquidity) and are common; they are not a definitive signal of company performance on their own. This filing documents a straightforward sale rather than an option exercise, gift, or award. If you want precise post-transaction holdings or a trade-by-trade breakdown, I can retrieve the full Form 4 details.