Company: TDDWW
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038699
Chunk: 70

Company: TIDEWATER INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 70
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 ​ | ​ | ​ | ​                                                                                             | $ | -173,640 | ​ | ​ | ​ | ​                                                                                            | $ |  -168,640 | ​ | ​ | ​ | ​                                                                                                    | ​ | — | ​ | ​ | ​ | ​                            | $ |   -82,900 | ​ | ​ |

65

TABLE OF CONTENTS (5) Cumulative total shareholder return (“TSR”) is calculated assuming $100 was invested on December 31, 2019, and through the end of each fiscal year shown in the table. (6) Reflects cumulative total shareholder return of the Philadelphia Oil Services Sector (OSX) index, as of December 31, 2024, weighted according to the constituent companies’ market capitalization at the beginning of each period for which a return is indicated. The OSX is one of the peer groups used by Tidewater for purposes of Item 201(e) of Regulation S-K under the Exchange Act in Tidewater’s Annual Report on Form 10-K for the year ended December 31, 2024. (7) The dollar amounts reported represent the amount of net income reflected in Tidewater’s audited financial statements for the applicable year. (8) For a reconciliation of net cash provided by operating activities to free cash flow, see Appendix A hereto and in our other proxy statements for years 2021-2024. Pay-for-Performance Alignment As described in greater detail in “Compensation Discussion and Analysis” beginning on page 36, Tidewater’s executive compensation program reflects a variable pay-for-performance philosophy. The metrics that Tidewater uses for both our long-term and short-term incentive awards are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our shareholders. The following table identifies the three most important financial performance measures used by our C&HC Committee to link the “compensation actually paid” (CAP) to our CEO and other NEOs in 2024, calculated in accordance with SEC regulations, to company performance. Financial Performance Measures Absolute Total Shareholder Return
Relative Total Shareholder Return
Free Cash Flow In accordance with SEC rules, Tidewater is providing the following descriptions of the relationship over the five-year period ended December 31, 2024, between the CAP presented in the Pay versus Performance table and Tidewater’s TSR, Net Income and Free Cash Flow results over the same period. Compensation Actually Paid vs. TSR (TDW & Peers)