Hudson Daniel A. 4
4 · TIDEWATER INC · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Tidewater (TDW) EVP Daniel Hudson Receives Stock Awards
What Happened
Daniel A. Hudson, EVP & General Counsel of Tidewater Inc. (TDW), received stock awards on March 18, 2026. Two award entries were recorded: 8,005 shares (vested PRSUs) and 6,643 restricted stock units, each priced at $75.27, totaling about $1,102,555. Separately, 3,267 shares were withheld to cover tax obligations (disposition) valued at about $245,907. After withholding, Hudson received a net of 11,381 shares (net value ≈ $856,648). Transaction codes reported: A (award/acquisition) and F (tax withholding/disposition).
Key Details
- Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (no late filing indicated).
- Prices: all entries reported at $75.27 per share.
- Shares: 8,005 (PRSUs) + 6,643 (RSUs) = 14,648 shares acquired; 3,267 shares withheld for taxes; net +11,381 shares.
- Dollar amounts: gross awards ≈ $1,102,555; taxes withheld ≈ $245,907; net value ≈ $856,648.
- Footnotes: F1 — 8,005 shares earned upon vesting/settlement of PRSUs (2023 grant) after peer-relative TSR certified at 75%, resulting in 150% payout. F2 — 3,267 shares withheld for taxes. F3 — 6,643 RSUs vest pro‑rata on Mar 22 of 2027, 2028 and 2029.
- Shares owned after the transaction: not provided in the summary data (see the filed Form 4 for post-transaction beneficial ownership).
Context
- The 8,005-share entry represents settled Performance Restricted Stock Units (PRSUs) that paid out at 150% of target based on relative total shareholder return. The tax withholding (code F) is a routine disposition to satisfy withholding obligations and does not necessarily indicate a market sale decision. The 6,643-share grant is restricted stock units that will vest over the next three years (pro‑rata).
Insider Transaction Report
Form 4
Hudson Daniel A.
EVP & GENERAL COUNSEL
Transactions
- Award
Common Stock, $0.001 par value
[F1]2026-03-18$75.27/sh+8,005$602,536→ 53,976 total - Tax Payment
Common Stock, $0.001 par value
[F2]2026-03-18$75.27/sh−3,267$245,907→ 50,709 total - Award
Common Stock, $0.001 par value
[F3]2026-03-18$75.27/sh+6,643$500,019→ 57,352 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|2026-03-20