Company: TDDWW
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038699
Chunk: 42

Company: TIDEWATER INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 42
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5,565 | ​ | ​ | ​ | ​                          | ​ |  5,564 | ​ | ​ |
| ​ | David E. Darling      | ​ | ​ | ​                     | $ | 1,250,000 | ​ | ​ | ​ | ​                   | ​ |  6,956 | ​ | ​ | ​ | ​                          | ​ |  6,956 | ​ | ​ |
| ​ | Daniel A. Hudson      | ​ | ​ | ​                     | $ |   850,000 | ​ | ​ | ​ | ​                   | ​ |  4,730 | ​ | ​ | ​ | ​                          | ​ |  4,730 | ​ | ​ |
| ​ | Piers D. Middleton(3) | ​ | ​ | ​                     | $ |   500,000 | ​ | ​ | ​ | ​                   | ​ |  2,782 | ​ | ​ | ​ | ​                          | ​ |  2,782 | ​ | ​ |

(1) Number of time-based RSUs was determined by dividing 50% of the target LTI value for the NEOs by $89.85, which was the closing price on March 21, 2024, the date on which the C&HC Committee approved grant values and numbers of shares to be granted to our NEOs in 2024. (2) Number of performance-based vesting restricted stock units (PRSUs) was determined by dividing 50% of the target LTI value for the NEOs by $89.95, which was the closing price on March 21, 2024, the date on which the C&HC Committee approved grant values and numbers of shares to be granted to our NEOs in 2024. (3) In addition to the awards shown above, on January 2, 2024, Mr. Middleton also received a one-time retention RSU award of 10,000 RSUs vesting 50% on January 2, 2025 and 50% on January 2, 2026. This grant was made pursuant to Mr. Kneen’s authority delegated by the C&HC Committee to grant awards under the 2021 LTI Plan to employees who are not subject to Section 16 of the Exchange Act. Our 2024 PRSUs may be earned based upon relative and absolute total shareholder return (“TSR”) over a three-year performance period. As described