Middleton Piers Dayer 4

What Happened
Middleton Piers Dayer, Chief Operating Officer of Tidewater Inc. (TDW), was awarded 6,643 restricted stock units (RSUs) on March 18, 2026. The award is recorded at $75.27 per share for a total grant value of $500,019. This transaction is an equity award (acquisition via grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-18; recorded price: $75.27 per share; total value: $500,019. (Transaction code: A = Award/Grant)
• Award type: Restricted stock units (RSUs) per filing footnote.
• Vesting: Footnote F1 — RSUs vest pro-rata on March 22 of 2027, 2028 and 2029 (i.e., in three annual installments).
• Shares owned after transaction: Not reported in the provided excerpt.
• Filing: Form 4 filed 2026-03-20 for a 2026-03-18 transaction — appears to be filed within the normal two-business-day reporting window.

Context
RSUs are a form of compensation that convert into shares only as they vest; they are typically subject to forfeiture until vesting and are not an immediate market purchase. Such grants are common for executive compensation and do not by themselves indicate a buy/sell decision by the insider.