A Form 4 filed on August 14, 2026 with the SEC disclosed that Samuel R. Rubio, Executive Vice President, CFO and CAO of Tidewater Inc (NYSE:TDW), sold 17,705 shares of common stock on August 12, 2026 at a weighted average price of $91.56 per share.

Key Highlights

  • Shares sold: Samuel R. Rubio disposed of 17,705 shares of Tidewater common stock (par value $0.001) on August 12, 2026.
  • Weighted average price: The sale was executed at a weighted average price of $91.56, with individual trades ranging from $91.07 to $92.12.
  • Indirect holdings after transaction: Following the sale, Rubio beneficially owns 33,214 shares indirectly through the Rubio Family Trust.
  • Direct holdings: The filing also reflects 16,650 shares held directly by the reporting person.
  • Ownership correction: The filing notes a correction: shares previously reported as directly owned were inadvertently misclassified and are instead held indirectly through the Rubio Family Trust.
  • Trust structure: Rubio is a co-trustee of the Rubio Family Trust with his spouse, sharing voting and dispositive power over shares held by the trust.

Tidewater CFO Rubio's Share Sale and Ownership Correction Details

According to the filing, Samuel R. Rubio, serving as EVP, CFO and CAO of Tidewater Inc, executed the sale of 17,705 shares of Tidewater common stock (par value $0.001) on August 12, 2026. The transaction code reported is "S," indicating a sale. The filing states the weighted average sale price was $91.56, with individual trades occurring at prices ranging from $91.07 to $92.12 across multiple executions. The filing further notes that upon request from the SEC staff, the issuer, or a security holder, Rubio "hereby undertakes to provide the requesting party with full information regarding the number of shares and prices at which the transaction was effected."

The filing also includes a notable correction regarding the classification of Rubio's share ownership. According to the disclosure, shares previously reported as directly owned by Rubio were "previously inadvertently reported as owned directly by the Reporting Person" and are instead held indirectly through the Rubio Family Trust. Following the reported transaction, the filing reflects 33,214 shares held indirectly through the Rubio Family Trust, for which Rubio acts as co-trustee alongside his spouse, with shared voting and dispositive power. Additionally, 16,650 shares are listed as directly held.

The Form 4 was signed by Daniel A. Hudson as Attorney-in-Fact on August 14, 2026. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The filing disclosed a sale of 17,705 Tidewater common shares by CFO Samuel R. Rubio at a weighted average of $91.56 on August 12, 2026, along with a correction reclassifying previously reported directly held shares as indirectly held through the Rubio Family Trust.