Bart P. Hartman III - 05 May 2022 Form 3 Insider Report for W&T OFFSHORE INC (WTI)

Role
VP and CAO
Signature
/s/ Nadege Assale, as attorney-in-fact
Issuer symbol
WTI
Transactions as of
05 May 2022
Net transactions value
$0
Form type
3
Filing time
09 May 2022, 18:45:32 UTC
Next filing
31 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WTI Common Stock 1,436 05 May 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding WTI Restricted Stock Units 05 May 2022 Common Stock 4,083 Direct F1, F3
holding WTI Performance Share Units 05 May 2022 Common Stock 2,127 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units which were granted on June 28, 2021 will vest as follows: 2,042 on January 1, 2023 and 2,041 shares on January 1, 2024. In each case, these are subject to continued service and employment throughout the applicable vesting period.
F2 The performance criteria was certified to have been met on March 8, 2022; therefore the earned stock units will vest on October 1, 2023 subject to continued employment on that date.
F3 Each restricted stock unit and performance share unit represents a contingent right to receive one share of WTI stock or its cash equivalent, as determined at the time of settlement by WTI.

Remarks:

Exhibit 24 - Power of Attorney