Company: TDDWW
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038699
Chunk: 29

Company: TIDEWATER INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 29
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 | ​ | ​ | ​ | $ | 100,000 | ​ | ​ |
| ​ | Additional cash retainer for Lead Independent Director (if any)                | ​ | ​ | ​ | ​ |     N/A | ​ | ​ |
| ​ | Additional cash retainer for Audit Committee Chair                             | ​ | ​ | ​ | $ |  20,000 | ​ | ​ |
| ​ | Additional cash retainer for Compensation & Human Capital Committee Chair      | ​ | ​ | ​ | $ |  15,000 | ​ | ​ |
| ​ | Additional cash retainer for Nominating & Corporate Governance Committee Chair | ​ | ​ | ​ | $ |  12,500 | ​ | ​ |
| ​ | Additional cash retainer for Safety & Sustainability Committee Chair           | ​ | ​ | ​ | $ |  10,000 | ​ | ​ |

The number of RSUs granted for the annual equity-based retainer is calculated by dividing the grant date target value by the closing price of a share of our common stock on the date of grant. All time-based RSUs granted to directors during fiscal 2024 will vest on the first anniversary of the date of grant, provided the director remains a member of our Board on the vesting date. However, vesting of the award would accelerate if, prior to the vesting date, the director died, terminated service due to disability, or was willing and able to continue to serve as a director but was either not renominated or not re-elected to serve another term. Director Stock Election Program . Under the Director Stock Election Program, as amended, each non-employee director is provided an opportunity to elect to receive a percentage of their base cash retainer in fully vested shares of Tidewater common stock, which are issued from our equity compensation plans. For each participant, the shares are issued to a director on the same day on which they would have received the cash payment, based on the closing price of a share on that day (rounded down to the nearest whole share). Mr. Robotti elected to participate in the program during 2024. Director Stock Deferral Program . Under the Director Stock Deferral Program, as amended, each non-employee director can elect at least 30-days prior to any equity grant to defer the settlement of their annual stock award beyond the first anniversary of the date of grant. Messrs. Anderson, Fagerstal, Raspino and Robotti elected to participate in the program during 202