Company: TDDWW
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038699
Chunk: 28

Company: TIDEWATER INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 28
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 our common stock, which resulted in 1,544 shares being distributed to him with an aggregate grant date value of $124,887. (2) Reflects the aggregate grant date fair value of 1,323 time-based restricted stock units (RSU) granted to each director on June 6, 2024, computed in accordance with FASB ASC Topic 718, which will vest on the first anniversary of the date of grant. Mr. Anderson elected to defer the settlement of his 2024 RSU until 2027 (the third-year anniversary), and each of Messrs. Fagerstal, Raspino and Robotti elected to defer the settlement of their respective 2024 RSU awards until separation from service (within the meaning of Section 409A of the U.S. Internal Revenue Code). As of December 31, 2024, each non-management director held 1,323 unvested RSUs and no unexercised options. (3) “All other compensation” reflects the cost, if any, for a director’s spouse to travel internationally in connection with any in-person Board and Committee meetings and attend business-related activities where spousal attendance is expected or customary. We currently use a combination of cash and equity-based compensation to provide competitive compensation for our non-management directors and to align director interests with our shareholders. Our C&HC Committee is responsible for overseeing our non-employee director compensation program and recommending any changes to the full board for action. Meridian Compensation Partners, LLC (Meridian), which served as the independent consultant to our C&HC Committee in 2024, also assisted the committee and the Board in its 2024 review of director compensation to help ensure that our director pay levels and program components are in line with competitive market practice.

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TABLE OF CONTENTS

Director Fees . The following table summarizes the 2024 compensation awarded or paid to our non-management directors:

| ​ | Fee Type                                                                       | ​ | ​ | ​ | ​ |       ​ | ​ | ​ |
|:--|:-------------------------------------------------------------------------------|:--|:--|:--|:--|--------:|:--|:--|
| ​ | Annual cash retainer                                                           | ​ | ​ | ​ | $ | 125,000 | ​ | ​ |
| ​ | Annual equity-based retainer                                                   | ​ | ​ | ​ | $ | 125,000 | ​ | ​ |
| ​ | Additional cash retainer for Chairman of the Board