Rubio Samuel R 4
4 · TIDEWATER INC · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Tidewater (TDW) EVP/CFO Samuel Rubio Receives Awards
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.
Insider Transaction Report
Form 4
Rubio Samuel R
EVP, CFO & CAO
Transactions
- Award
Common Stock, par value $0.001
[F1]2026-03-18$75.27/sh+9,420$709,043→ 69,486 total - Tax Payment
Common Stock, par value $0.001
[F2]2026-03-18$75.27/sh−3,771$283,843→ 65,715 total - Award
Common Stock, par value $0.001
[F3]2026-03-18$75.27/sh+6,643$500,019→ 72,358 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, Attorney-in-Fact|2026-03-20