Company: TDDWW
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038699
Chunk: 52

Company: TIDEWATER INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 52
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ensation Components—Annual Short-Term Cash Incentive Compensation” beginning on page 43. (2) All equity grants were awarded under the 2021 Stock Incentive Plan. (3) Relates to TSR PRSUs granted, which are subject to a three-year performance period and vest based upon Tidewater’s TSR performance as compared to its compensation peer group. see “Compensation Discussion and Analysis—Compensation Components—Long-Term Incentive Compensation” beginning on page 45. “Threshold” represents the number of shares deliverable on achievement of the 30 th percentile relative TSR performance threshold set forth in the TSR PRSU award agreement, which would be 50 th percentile of the target number of shares. “Target” represents the number of shares deliverable on achievement of the target 60 th percentile relative TSR performance under the PRSU grant. “Maximum” reflects the achievement of the highest possible payout, or 200% of target number of shares, with the achievement of 90% or greater relative TSR performance. In each case, if Tidewater’s absolute TSR performance over the performance period is negative, the payout percentage may not exceed 100%, or the target number of shares. PRSUs do not accrue or pay dividends or dividend equivalents prior to vesting. Vested PRSUs are paid in shares of our common stock. (4) Except for the grant on January 2, 2024, to Mr. Middleton that vests 50% per year on January 2, 2025 and 2026, represents a grant of RSUs that vest one-third per year on March 22, 2025, 2026, and 2027, subject to the executive’s continued employment through such date. (5) With respect to PRSU awards, this column reflects the grant date fair value for such PRSUs at target, or $137.70 per share, multiplied by the “target” number of PRSUs. See also footnote (3) to the Fiscal 2024 Summary Compensation Table.

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TABLE OF CONTENTS

OUTSTANDING EQUITY AWARDS AT 2024 FISCAL YEAR END The following table details all outstanding equity awards held by our named executives as of December 31, 2024.

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 Name / Award / Grant 
 Date                 
 Quintin V. Kneen     | ​ 
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