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Companies Tidewater Inc

Tidewater (TDW): executive pay, fiscal 2025

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CEO total pay$5,732,208CEO Quintin Kneen · source
Say-on-pay support99.11%Latest vote · source
CEO vs. named peers58th pct.Of 13 peer CEOs
CEO pay ratio106:1To the median employee · source

CEO pay, last three years

  • $4,245,778FY2023
  • $5,870,091FY2024
  • $5,732,208FY2025

CEO total pay was $5,732,208 in fiscal 2025, down from $5,870,091 in fiscal 2024.

FY2025: salary $750,000 · bonus $0 · stock awards $3,892,458 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Tidewater Inc in fiscal 2025?
As disclosed, Quintin Kneen (President, Chief Executive Officer, and Director) was the highest-paid executive at Tidewater Inc in fiscal 2025, with total compensation of $5,732,208.
How does Tidewater Inc's chief executive pay compare to its disclosed peer group?
As disclosed, Quintin Kneen's total compensation ranked at the 58th percentile of Tidewater Inc's disclosed peer group.
What is Tidewater Inc's CEO-to-median employee pay ratio?
As disclosed, Tidewater Inc's CEO-to-median employee pay ratio was 106:1.
How did shareholders vote on Tidewater Inc's executive compensation?
As disclosed, 99.11% of shareholders supported Tidewater Inc's executive compensation in the latest say-on-pay vote.
How much does Tidewater Inc spend in total on board compensation for fiscal 2025?
As disclosed, Tidewater Inc reported total board compensation of $2,016,723 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Quintin Kneen$750,000$0$3,892,458$0$1,078,125$0$11,625$5,732,208
President, Chief Executive Officer, and Director
David Darling255,00001,315,0090258,7502,5201,378,4603,209,739
Senior Advisor (Former Executive Vice President and Chief Operating Officer)
Samuel Rubio430,00001,051,9960495,000012,8251,989,821
Executive Vice President, Chief Financial Officer, and Chief Accounting Officer
Daniel Hudson353,7500894,2100550,000011,5601,809,520
Executive Vice President, Chief Legal Officer, and Secretary
Piers Middleton415,0000683,8080500,000023,0131,621,821
Executive Vice President and Chief Operating Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Quintin Kneen$5,732,208$5,870,091$4,245,778↓ −137,883
David Darling3,209,7392,414,9901,812,375↑ +794,749
Samuel Rubio1,989,8212,006,7191,749,607↓ −16,898
Daniel Hudson1,809,5201,688,4111,491,259↑ +121,109
Piers Middleton1,621,8212,082,707—↓ −460,886

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

Tidewater remains committed to the pay-for-performance philosophy that underpins our compensation program, incentivizing our executive team to focus on strategic business objectives that, when met, will continue to create stockholder value. To achieve this, a substantial portion of NEO compensation is performance-based, and as a result, Tidewater's performance significantly impacts the realizable values of the NEOs' compensation awards.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedging—
Anti-pledging—
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
David DarlingRSU2025-03-18——15,122—$624,992
Daniel HudsonPSU2025-03-185,14210,283—20,566469,213
Quintin KneenRSU2025-03-18——44,762—1,850,013
Piers MiddletonPSU2025-03-183,9327,863—15,726358,789
David DarlingPSU2025-03-187,56115,122—30,244690,017
Samuel RubioRSU2025-03-18——12,098—500,010
Daniel HudsonRSU2025-03-18——10,283—424,996
Quintin KneenPSU2025-03-1822,38144,761—89,5222,042,444
Piers MiddletonRSU2025-03-18——7,864—325,019
Samuel RubioPSU2025-03-186,04912,097—24,194551,986

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
David Darling$624,992$690,017$052.5%
Daniel Hudson424,996469,213052.5%
Quintin Kneen1,850,0132,042,444052.5%
Piers Middleton325,019358,789052.5%
Samuel Rubio500,010551,986052.5%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Piers MiddletonPSU1,855—$93,696
Piers MiddletonPSU2,782—140,519
Daniel HudsonPSU3,154—159,309
Samuel RubioPSU3,710—187,392
Piers MiddletonPSU3,768—190,322
Daniel HudsonPSU4,730—238,912
Piers MiddletonPSU5,000—252,550
Daniel HudsonPSU5,338—269,622
Samuel RubioPSU5,564—281,038
Samuel RubioPSU6,280—317,203
Piers MiddletonPSU7,863—397,160
Piers MiddletonPSU7,864—397,211
Daniel HudsonPSU10,283—519,394
Samuel RubioPSU12,097—611,019
Samuel RubioPSU12,098—611,070
Quintin KneenPSU12,985—655,872
Quintin KneenPSU14,653—740,123
Quintin KneenPSU19,476—983,733
Quintin KneenPSU44,761—2,260,878
Quintin KneenPSU44,762—2,260,929
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Dick F. FagerstalIndependent · Board Chair · Compensation & Human Capital · Nominating & Corporate Governance · Human Capital · Nominating · Corporate Governance$235,000$124,959——$7,510$367,469
Louis A. RaspinoIndependent · Audit · Compensation Human Capital142,500124,959——20,565288,024
Melissa L. CougleIndependent · Audit · Safety Sustainability147,480124,959——11,179283,618
Kenneth H. TraubIndependent · Compensation Human Capital · Nominating Corporate Governance140,000124,959——12,327277,286
Lois K. ZabrockyIndependent · Compensation & Human Capital · Safety & Sustainability (Chair)138,750124,959——13,464277,173
Darron M. AndersonIndependent · Audit · Safety & Sustainability125,000124,959——12,533262,492
Robert E. RobottiIndependent · Audit · Nominating Corporate Governance124,923124,959——10,779260,661
Quintin V. KneenEmployee director—————0

Board fee structure and ownership guideline

Annual cash retainer$125,000
Annual equity retainer$125,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 17,500
Stock ownership guideline$5

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,053,653
Equity awards (grant-date value)$874,713
All other compensation$88,357
Total cost of the board$2,016,723

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Tidewater as a peer

Companies that benchmark against TDW

9 companies name TDW as a compensation peer

Each company listed discloses TDW in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TDW in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Tidewater Inc names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Transocean Ltd.2025Keelan Adamson$933,333$5,771,957$0$1,820,000$8,793,715
2Oceaneering International, Inc.2025Roderick Larson910,0002,027,79604,282,4257,735,670
3Matson, Inc.2025Matthew Cox963,6964,016,50701,231,3446,490,287
4Dorian LPG Ltd.2026John Hadjipateras750,0002,876,05101,359,3756,311,926
5Forum Energy Technologies, Inc.2025Neal Lux717,7694,232,10501,196,4636,163,337
6Tidewater Inc2025Quintin Kneen750,0003,892,45801,078,1255,732,208
7Bristow Group Inc.2025Christopher Bradshaw800,0003,584,60701,291,2005,706,605
8Tetra Technologies, Inc.2025Brady Murphy735,0001,325,33303,061,8255,133,908
9Oil States International, Inc.2025Cindy Taylor925,0002,400,00301,654,2445,079,386
10Helix Energy Solutions Group, Inc.2025Owen Kratz800,0003,838,5190420,0005,067,269
11Core Laboratories Inc.2025Lawrence Bruno886,9123,505,1050351,2174,980,491
12International Seaways, Inc.2025Lois Zabrocky800,0002,618,15901,037,0004,505,569
13Innovex International, Inc.2025Adam Anderson550,9692,222,4920495,0003,283,511

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Tidewater Incnot disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Bristow Group Inc.not disclosednot disclosednot disclosednot disclosed
Core Laboratories Inc.not disclosednot disclosednot disclosednot disclosed
Dorian LPG Ltd.not disclosednot disclosednot disclosednot disclosed
Forum Energy Technologies, Inc.not disclosedPSU 50 · RSU 50not disclosedMeridian Compensation Partners, LLC
Helix Energy Solutions Group, Inc.35%PSU 50 · RSU 50Yes — TSR relative to performance peer groupWTW (Willis Towers Watson)
Innovex International, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
International Seaways, Inc.not disclosednot disclosednot disclosednot disclosed
Matson, Inc.not disclosedRSU 50 · PSU 50not disclosedPay Governance LLC
Oceaneering International, Inc.124%not disclosedYes — Relative TSRMeridian Compensation Partners, LLC
Oil States International, Inc.not disclosedRSU 50 · PRSU 25 · Cash Performance Award 25not disclosedMeridian Compensation Partners
Tetra Technologies, Inc.not disclosedRSU 50 · LTIP Units 50not disclosedPay Governance LLC
Transocean Ltd.not disclosedPSU 50 · RSU 50NoPay Governance LLC

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1640,548,175362,60533,39099.11%Passed
20252025-06-0537,143,547546,088892,96398.55%Passed
20242024-06-0642,620,365269,37611,19499.37%Passed
20232023-06-2637,008,516356,236277,26198.32%Passed
20222022-06-1427,823,289128,90319,80599.47%Passed
20212021-06-0828,601,437624,228117,17197.47%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-06-1699.11%a
20252025-06-0598.55%b
20242024-06-0699.37%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Approved under the standard stated in the filing — “Affirmative vote of a majority of the shares present in person or represented by proxy and entitled to vote on the matter | Abstentions: Will count as a vote AGAINST this proposal”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)106 : 1
CEO total compensation$5,732,208
Median employee compensation$54,200
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (48 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Quintin Kneen. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Summary Compensation Table” · page 54. As printed: 5,732,208. View filing ↗
  • Section 01, David Darling. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Summary Compensation Table”. As printed: 3,209,739. View filing ↗
  • Section 01, Samuel Rubio. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Summary Compensation Table”. As printed: 1,989,821. View filing ↗
  • Section 01, Daniel Hudson. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Summary Compensation Table”. As printed: 1,809,520. View filing ↗
  • Section 01, Piers Middleton. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Summary Compensation Table”. As printed: 1,621,821. View filing ↗
  • Section 03, David Darling RSU. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Daniel Hudson PSU. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Quintin Kneen RSU. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Piers Middleton PSU. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, David Darling PSU. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Samuel Rubio RSU. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Daniel Hudson RSU. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Quintin Kneen PSU. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Piers Middleton RSU. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Samuel Rubio PSU. DEF 14A, filed 2026-04-28. Section “Fiscal 2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-28. Section “CEO Pay Ratio”. As printed: 106 : 1. View filing ↗
  • Section 08, Dick F. Fagerstal. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 367,469. View filing ↗
  • Section 08, Louis A. Raspino. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 288,024. View filing ↗
  • Section 08, Melissa L. Cougle. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 283,618. View filing ↗
  • Section 08, Kenneth H. Traub. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 277,286. View filing ↗
  • Section 08, Lois K. Zabrocky. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 277,173. View filing ↗
  • Section 08, Darron M. Anderson. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 262,492. View filing ↗
  • Section 08, Robert E. Robotti. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 260,661. View filing ↗
  • Section 08, Quintin V. Kneen. DEF 14A, filed 2026-04-28. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-06-18. Item 5.07 · say-on-pay result. As reported: 99.11% (votes for as printed: 40,548,175). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-06-11. Item 5.07 · say-on-pay result. As reported: 98.55% (votes for as printed: 37,143,547). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-06-07. Item 5.07 · say-on-pay result. As reported: 99.37% (votes for as printed: 42,620,365). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 1,053,653 + equity 874,713 + all other 88,357 = 2,016,723, summed across the director compensation table rows.
  • Transocean Ltd., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Transocean Ltd.'s own proxy. As printed: 8,793,715. View filing ↗
  • Oceaneering International, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Oceaneering International, Inc.'s own proxy. As printed: 7,735,670. View filing ↗
  • Matson, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-09. CEO total compensation as printed in Matson, Inc.'s own proxy. As printed: 6,490,287. View filing ↗
  • Dorian LPG Ltd., Section 10b CEO total. DEF 14A, filed 2026-07-27. CEO total compensation as printed in Dorian LPG Ltd.'s own proxy. As printed: 6,311,926. View filing ↗
  • Forum Energy Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Forum Energy Technologies, Inc.'s own proxy. As printed: 6,163,337. View filing ↗
  • Tidewater Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Tidewater Inc's own proxy. As printed: 5,732,208. View filing ↗
  • Bristow Group Inc., Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Bristow Group Inc.'s own proxy. As printed: 5,706,605. View filing ↗
  • Tetra Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Tetra Technologies, Inc.'s own proxy. As printed: 5,133,908. View filing ↗
  • Oil States International, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Oil States International, Inc.'s own proxy. As printed: 5,079,386. View filing ↗
  • Helix Energy Solutions Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Helix Energy Solutions Group, Inc.'s own proxy. As printed: 5,067,269. View filing ↗
  • Core Laboratories Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Core Laboratories Inc.'s own proxy. As printed: 4,980,491. View filing ↗
  • International Seaways, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in International Seaways, Inc.'s own proxy. As printed: 4,505,569. View filing ↗
  • Innovex International, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Innovex International, Inc.'s own proxy. As printed: 3,283,511. View filing ↗
  • Section 10a, Innovex International, Inc. reciprocity. DEF 14A. Innovex International, Inc. names Tidewater Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, International Seaways, Inc. reciprocity. DEF 14A. International Seaways, Inc. names Tidewater Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Bristow Group Inc. reciprocity. DEF 14A. Bristow Group Inc. names Tidewater Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Transocean Ltd. reciprocity. DEF 14A. Transocean Ltd. names Tidewater Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Core Laboratories Inc. reciprocity. DEF 14A. Core Laboratories Inc. names Tidewater Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
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