Rubio Samuel R 4

What Happened Samuel R. Rubio, EVP, CFO & CAO of Tidewater Inc. (TDW), received 16,063 shares in two award transactions on March 18, 2026 — 9,420 shares (value $709,043) and 6,643 shares (value $500,019) — at $75.27 per share, totaling about $1.21 million. Simultaneously, 3,771 shares were withheld (disposed) to satisfy tax withholding obligations, valued at $283,843. These awards include settlement of performance restricted stock units (PRSUs) and a grant of restricted stock units (RSUs).

Key Details

• Transaction date(s): March 18, 2026; price used: $75.27 per share.
• Shares acquired (A): 9,420 shares ($709,043) and 6,643 shares ($500,019) — total 16,063 shares (~$1.21M).
• Shares withheld for taxes (F): 3,771 shares ($283,843) to cover tax liabilities related to the PRSU settlement.
• Footnotes: PRSUs awarded March 16, 2023 vested based on relative TSR vs. peers; committee certified performance at 75%, resulting in payout at 150% of target (F1). Withholding was for taxes (F2). The 6,643-share award represents RSUs that vest pro rata on March 22 of 2027, 2028 and 2029 (F3).
• Shares owned after the transaction: not specified in the provided filing details.
• Filing timeliness: Form filed March 20, 2026 (two days after the transactions) — appears timely, not marked late.

Context

• The main event was settlement of performance-based RSUs (PRSUs) — not an open-market purchase or sale — and is routine compensation-related insider activity. The withholding of shares to cover taxes is a common administrative step and should not be read as an open-market sale.