This is a routine, small-dollar insider selling cluster with no material signal. Monitor for any larger insider sales (>0.5% of market cap) or a pattern of sustained C-suite selling that could indicate a change in sentiment. The company's next quarterly filing will be the key catalyst to watch.
Price Chart
Executive Summary
Two TDW insiders — a Director and the EVP/CLO — sold a combined $2.48M in open-market sales within a 7-day window. This represents ~0.05% of the $5.0B market cap, a trivial amount that falls well below the 0.1% materiality threshold. The cluster is small in both dollar value and insider count, and the sales are likely liquidity-driven rather than signaling a bearish view on the company's prospects.
Key Financial Metrics
Key Facts
- Director Kenneth Traub sold 10,000 shares at ~$99 for $990K on 2026-09-02
- EVP/CLO Daniel A. Hudson sold 15,000 shares at ~$99.08 for $1.49M on 2026-09-02
- Total insider sales of $2.48M represent ~0.05% of TDW's $5.0B market cap
- Both sales were open-market (code S) — no 10b5-1 plan indicated
- No insider purchases in the cluster window; net direction is selling
Financial Impact
Total insider sales of $2.48M, or ~0.05% of market cap — immaterial
Risk Factors
- Insider selling could accelerate if management sees headwinds in the offshore vessel market
- No insider buying to offset the sales — a one-sided sell cluster, though trivial in size
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TDW-1788480068812 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | 8-K | $83.93 | awaiting T+60 | — | $84.49 (+0.67%) |
Sep 3, 2026 7w ago | Insider Cluster | $94.26 | awaiting T+60 | — | $84.49 (−10.36%) |
Aug 14, 2026 10w ago | Insider Cluster | $93.97 | awaiting T+60 | — | $84.49 (−10.09%) |
Jun 18, 2026 18w ago | 8-K | $66.35 $91.79 | ▲ +38.34% | ▲ +36.60% | $84.49 (+27.34%) |
Mar 5, 2026 33w ago | Insider Cluster | $80.28 $74.56 | ▲ +7.13% | ▲ +18.43% | $84.49 (−5.24%) |
US Market Status
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