TDW TIDEWATER INC

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q1 2026: $39M, Q3 2025: $14M, Q2 2025: $29M, Q1 2025: $4M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $39M vs trailing avg $16M (+153%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-0M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

3 open-market purchases by 1 insiders

• ROBOTTI ROBERT () bought 15,000 shares at $42.05 on 2025-06-04
• ROBOTTI ROBERT () bought 10,000 shares at $42.14 on 2025-06-03
• ROBOTTI ROBERT () bought 560 shares at $40.55 on 2025-05-30

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 4 quarters and 3 insider purchases by 1 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $4M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 4.6x more than bought. 1 C-suite officers among sellers

• Rubio Samuel R (EVP, CFO & CAO) sold 22,461 shares on 2026-03-05