Daniel A. Hudson, who serves as Executive Vice President and General Counsel at Tidewater (NYSE:TDW), executed a sale of 5,195 shares of Tidewater common stock on March 5, 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The shares were sold at a weighted average price of $80.56 per share. Individual trade prices cited in the filing ranged from $80.50 to $80.83, producing a total transaction value of $418,509. Following the sale, Hudson's direct holdings in Tidewater total 45,971 shares.
Hudson's transaction comes in the wake of Tidewater's financial disclosure for the fourth quarter of 2025, which the company reported as materially ahead of expectations. Tidewater announced fourth-quarter earnings per share of $4.41, compared with a consensus forecast of $0.79. Revenue for the period was reported at $336.8 million versus an expected $332.83 million.
Raymond James adjusted its view on the company following the results, raising its price target on Tidewater shares from $75 to $117 while maintaining an Outperform rating. The broker attributed the change in part to the company's better-than-expected uptime, which the firm linked to fewer repair and drydock days.
Tidewater also outperformed Street consensus on EBITDA, exceeding estimates by roughly 6%. For the full year 2025 the company achieved consolidated EBITDA growth of 6%, a performance noted in the filing and company disclosures as being stronger than prior expectations for a flat or down year.
The Form 4 filing is the primary source for the details of Hudson's sale and the post-transaction share count. The company's quarterly results and the Raymond James note are the bases for the financial and analyst information reported here.
All figures and descriptions in this report are drawn from the company Form 4 filing and Tidewater's reported fourth-quarter 2025 results, along with the Raymond James analyst note referenced in those disclosures.