Tidewater Inc (TDW) Increases Stock Plan Shares to 4.75M
Shareholders approved a first amendment to the company's 2021 stock incentive plan to raise the maximum available shares for employee awards.
By the FiledFeed automated desk
This summary was generated by AI from the company's SEC filing and may contain errors — always verify against the primary source on SEC.gov.
The short version
Tidewater Inc shareholders approved an amendment to its 2021 Stock Incentive Plan on June 16, 2026, increasing the maximum number of shares available for employee awards to 4,750,000. The amendment was adopted by the board on April 27, 2026, and became effective upon shareholder approval at the annual meeting.
Filing impact
Filing sentiment
Tidewater Inc (TDW) increased the share pool available for its employee stock incentive plan following shareholder approval on June 16, 2026.
The company's board of directors adopted the First Amendment to the Amended and Restated 2021 Stock Incentive Plan on April 27, 2026. The amendment raises the maximum number of shares of common stock available for issuance under the plan to 4,750,000 shares. This total also includes any shares underlying awards that expire, terminate, or are canceled or forfeited under two legacy plans: the 2017 Stock Incentive Plan and the Legacy GLF Management Incentive Plan.
The amendment required stockholder approval, which was obtained at the company's annual meeting of shareholders held on June 16, 2026. All other terms and conditions of the original plan remain unchanged.
Key facts
- Tidewater Inc (TDW) amended its 2021 Stock Incentive Plan
- Amendment adopted by board on April 27, 2026
- Shareholder approval obtained on June 16, 2026
- New maximum share pool: 4,750,000 shares of common stock
- Amendment also covers shares from 2017 Stock Incentive Plan and Legacy GLF Management Incentive Plan that expire, terminate, or are forfeited
Why it matters
Increasing the share pool under a stock incentive plan allows a company to continue granting equity compensation to employees without additional shareholder votes. For Tidewater, expanding the pool to 4.75 million shares reflects the company's need to retain and motivate employees through stock-based awards, a common practice in capital-intensive industries. The amendment does not immediately dilute existing shareholders but establishes the ceiling for future equity grants.
Frequently asked
- What did Tidewater Inc shareholders approve?
- Shareholders approved an amendment to the 2021 Stock Incentive Plan that increases the maximum number of shares available for employee awards to 4,750,000 shares.
- When was the amendment approved and when did it take effect?
- The board adopted the amendment on April 27, 2026, and it became effective on June 16, 2026, when shareholders approved it at the annual meeting.
- Does this include shares from other plans?
- Yes, the 4.75 million share total also includes shares underlying awards from the 2017 Stock Incentive Plan and the Legacy GLF Management Incentive Plan that expire, terminate, or are forfeited.
- What changed about the rest of the plan?
- All other terms and conditions of the original plan remain unchanged; only the maximum share pool was increased.
What the filing reported
- 5.02 Departure/Election of Directors or Officers
- 5.07 Other reported item
- 9.01 Financial Statements & Exhibits
Source
Based on TIDEWATER INC's 8-K filed with the SEC on Jun 18, 2026. Read the original filing on SEC.gov ↗