Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 203

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 203
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 related information shall not be deemed “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent that we specifically incorporate it by reference into such filing.

       Indexed returns 

       December 31, 
       
       December 31, 
       
       December 31, 
       
       December 31, 
       
       December 31, 
       
       December 31, 

       Company name/Index 
       
       2019 
       
       2020 
       
       2021 
       
       2022 
       
       2023 
       
       2024 

       Tidewater Inc. 

      100

      45

      56

      191

      374

      284

       Russell 2000 

      100

      120

      138

      110

      128

      143

       PHLX Oil Service sector 

      100

      58

      70

      113

      115

      102

       Dow Jones U.S. Oil Equipment & Services 

      100

      61

      76

      126

      129

      113

      39

Share Repurchases 

On November 5, 2023, our Board of Directors (Board) approved a $35.0 million share repurchase program, pursuant to which we repurchased and retired 590,499 shares for approximately $35.0 million, excluding commissions and a 1% excise tax, during the fourth quarter of 2023. On February 29, 2024, our Board approved a new $48.6 million share repurchase program, subsequently approving the increase of such program by $18.1 million on May 2, 2024, $13.9 million on August 6, 2024, and $10.1 million on November 7, 2024. The following table sets forth the value of the common stock repurchased, along with number of shares repurchased, and average price paid per share for the three months ended December 31, 2024.

      Maximum Dollar 

      Value of Shares 

      Total 

      Total Number of 

      that May Yet Be