Company: TDDWW
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001104659-25-038699
Chunk: 38

Company: TIDEWATER INC
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 38
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 incentive, and long-term incentive awards. This section discusses each of these compensation elements and arrangements as well as the change of control protections, retirement benefits, and limited perquisites provided to our named executives during fiscal 2024. Base Salary . In prior years, the C&HC Committee’s practice has been to review salary levels for named executives prior to the beginning of each fiscal year then rereview and approve any adjustments during the 1 st quarter of the year. Our base salary determinations are based on a variety of factors, including individual performance, market salary levels, our company’s overall financial condition, and industry conditions. The primary rationale for salary increases for our NEOs during 2024 was to be competitive and align with market practice. We generally consider the market median of our peer group as the target for total target compensation, although individual pay levels may vary from median for a variety of reasons. In March 2024, Mr. Middleton was promoted to EVP and Chief Commercial Officer, which was taken into consideration and was the primary driver of his salary adjustment.

| ​ | Named Executive    | ​ | ​ | 2023 Base Salary($) |   |         |   | ​ | ​ | 2024 Base Salary($) |   |         |   | ​ | ​ | Percent Change(%) |   |       |   | ​ |
| ​ | Quintin V. Kneen   | ​ | ​ | ​                   | ​ | 750,000 | ​ | ​ | ​ | ​                   | ​ | 750,000 | ​ | ​ | ​ | ​                 | ​ | 0%    | ​ | ​ |
| ​ | Samuel R. Rubio    | ​ | ​ | ​                   | ​ | 400,000 | ​ | ​ | ​ | ​                   | ​ | 400,000 | ​ | ​ | ​ | ​                 | ​ | 0%    | ​ | ​ |
| ​ | David E. Darling   | ​ | ​ | ​                   | ​ | 450,000 | ​ | ​ | ​ | ​                   | ​ | 450,000 | ​ | ​ | ​ | ​                 | ​ | 0%    | ​ | ​ |
| ​ | Daniel A. Hudson   | ​ | ​ | ​                   | ​ | 315,000 | ​ | ​ | ​ | ​                   | ​ | 335,000 | ​ | ​ | ​ | ​                 | ​ | 6.3%  | ​ |