FAGERSTAL DICK

Dick Fagerstal's 350 Form 4 transactions trace an insider whose entire disclosed career sits inside one industry vertical -- offshore marine and energy services -- across three successive companies. The dominant historical relationship is SEACOR (CKH), where 334 transactions from 2003 to 2013 show roughly 142,427 shares disposed against 6,300 acquired, the net-selling footprint of an operating-era executive. After SEACOR, his disclosures shift entirely to board-seat equity awards (code A) at two offshore peers: Tidewater (TDW), where annual June grants run from 2017 to 2025 with no disposals on record, and Valaris (VAL), an offshore driller where six award-only transactions run from 2021 to June 2026. The recent ledger is a clean annual cadence of director grants -- 2,391 Valaris shares on 2026-06-10, 5,856 in June 2025, and 3,130 in June 2024, alongside Tidewater grants of 2,959 (2025), 1,323 (2024), and larger blocks of 7,003 (2022) and 11,349 (2021). The throughline is a sector-specialist board career: equity arriving as offshore-marine directorship compensation, with the older SEACOR operating chapter the only source of net sales. It documents how the positions accrued, not a view on the offshore cycle ahead.