Company: TDDWW
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038699
Chunk: 40

Company: TIDEWATER INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 40
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 |           — | ​ | ​ | 0.11 LTIF0.62 TRCF | ​ | ​ | 100%                  | ​ | ​ | 10%         | ​ | ​ | 10.0%                | ​ |
| ​ | Individual Performance(b)           |   |   |                    | ​ | ​ | —                   | ​ | ​ | —                  | ​ | ​ |           — | ​ | ​ | —                  | ​ | ​ | 120%                  | ​ | ​ | 20%         | ​ | ​ | 24.0%                | ​ |
| ​ | Calculated Percent of Target Earned |   |   |                    |   |   |                     |   |   |                    |   |   |             |   |   |                    |   |   |                       |   |   |             | ​ | ​ | 82.0%                | ​ |

(a) FCF . The minimum threshold of $271 million was required to fund the 2024 STI program. Actual performance reflects FCF of $331.0 million plus certain costs excluded by the C&HC Committee when calculating results, primary related to unbudgeted capital expenditures, dry dock costs, and acquisition and refinancing—related fees. See Appendix A for a reconciliation of FCF to Net Cash Provided by Operating Activities, the most comparable GAAP measure. (b) Individual Performance . This metric is a subjective component, based on the C&HC Committee’s assessment of the individual NEO’s performance. Given the Company’s excellent performance during 2024 and the collaberative and strategic leadership it took for this success, the C&HC Committee determined that each of the NEOs achieved 120% of their strategic and leadership goals.

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TABLE OF CONTENTS

Calculation of Individual Bonuses . The table below provides a summary of individual award determinations for 2024.

| ​ | Named Executive    | ​ | ​ | Base Salary(1)($) |   |         |   | ​ | ​ | x | ​ | ​ | Target Awardas % of Salary(%) |   |      |   | ​ | ​ | x | ​ | ​ | CorporatePayout Factor(%) |   |       |   | ​ | ​ | = | ​ | ​ | Actual Award($) |   |         |   | ​ |
|:--|:-------------------|:--|:--|:------------------|:--|--------:|:--