Company: TDDWW
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038699
Chunk: 35

Company: TIDEWATER INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 35
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 digital training platform with over 10,000 individual courses for our seafarers.                                                                                                                                                                                                                                                                                                                                                                                                                             
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 Published 2024 Sustainability Report.In April 2025, we published our 2024 Sustainability Report, describing our ongoing commitment to sustainability principles and performance for the 2024 calendar year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
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TABLE OF CONTENTS Pay-for-Performance Driven Tidewater remains committed to the pay-for-performance philosophy that underpins our compensation program, incentivizing our executive team to focus on strategic business objectives that, when met, will continue to create shareholder value. To achieve this, a substantial portion of NEO compensation is performance-based, and as a result, Tidewater’s performance significantly impacts the realizable values of the NEOs’ compensation awards. For 2024, the C&HC Committee established an appropriate mix of short-term and long-term incentive compensation, resulting in significant at-risk pay for Mr. Kneen at 85% and the other NEOs at an average of 77%. The C&HC Committee will continue to thoughtfully oversee the effectiveness of Tidewater’s executive compensation structure to ensure CEO and executive compensation is strongly aligned with company performance and shareholder experience. CEO Target Compensation Average Other NEO Target Compensation Objectives of the Executive Compensation Program The C&HC Committee strives to maintain a compensation program that will attract, retain and motivate outstanding executives by providing incentives to reward them for strong performance that supports Tidewater’s annual and long-term strategic objectives and is competitive with industry practices. In addition to paying for performance, the executive compensation program is intended to: • Align with shareholder interests; • Promote a performance and results-oriented environment with conservative salaries and enhanced emphasis on performance-based and variable pay; • Build and encourage long-term share ownership; • Provide a consistent retention incentive; • Preserve performance accountability across the commodity price cycle; • Pay competitively and equitably, providing for straightforward and transparent pay for the benefit of executives and shareholders; • Use relative and absolute performance measures for equity awards; and • Match or exceed prevailing governance standards for performance-based compensation. The specific principles followed and decisions made in establishing the compensation of our named executives for fiscal 2024 are discussed in more detail below. 41

TABLE OF CONTENTS

Governance Features of the Executive Compensation Program Our C&HC Committee strives to