Company: TDDWW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005487
Chunk: 460

Company: TIDEWATER INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 460
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1  $10.37   776,113  $24.50   30,449 
 Granted   14.46   448,433   12.72   126,724 
 Vested   10.62   (355,226)  24.50   (15,225)
 Cancelled/forfeited   12.72   (3,000)  24.50   (15,224)
 Non-vested balance at December 31, 2022  $12.33   866,320  $12.72   126,724 
 Granted   40.45   247,874   39.91   61,856 
 Vested   13.08   (393,374)  —   — 
 Cancelled/forfeited   21.12   (11,827)  —   — 
 Non-vested balance at December 31, 2023  $21.58   708,993  $21.64   188,580 
 Granted   85.48   132,883   90.87   43,685 
 Vested   21.52   (361,644)  —   — 
 Cancelled/forfeited   38.04   (9,664)  —   — 
 Non-vested balance at December 31, 2024  $39.34   470,568  $34.66   232,265 

   Restrictions on approximately 250,000 time-based units outstanding at  December 31, 2024 will lapse during 2025.
    
   Restricted stock unit compensation expense and grant date fair value are as follows:

     (In Thousands)   Year Ended December 31,  
  2024  2023  2022 
 Grant date fair value of restricted stock units vested  $7,783  $5,407  $3,561 
 Restricted stock unit compensation expense   13,681   10,755   6,469 

   As of  December 31, 2024, total unrecognized RSU compensation costs totaled approximately $17.9 million, or $14.2 million net of tax, which will be recognized