Sunghee Janet Yang - Jan 1, 2023 Form 4 Insider Report for W&T OFFSHORE INC (WTI)

Role
EVP & Chief Financial Officer
Signature
/s/ Jonathan Curth, as attorney-in-fact
Stock symbol
WTI
Transactions as of
Jan 1, 2023
Transactions value $
-$58,934
Form type
4
Date filed
1/4/2023, 05:57 PM
Previous filing
May 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTI Common Stock Options Exercise +8.07K +12.34% 73.4K Jan 1, 2023 Direct F1, F2
transaction WTI Common Stock Tax liability -$18.2K -3.6K -4.91% $5.06 69.8K Jan 1, 2023 Direct
transaction WTI Common Stock Options Exercise +18K +25.8% 87.8K Jan 1, 2023 Direct F2, F3
transaction WTI Common Stock Tax liability -$40.7K -8.05K -9.16% $5.06 79.8K Jan 1, 2023 Direct
holding WTI Common Stock 6.1K Jan 1, 2023 By spouse

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
transaction WTI Restricted Stock Units Options Exercise $0 -8.07K -50.01% $0.00 8.06K Jan 1, 2023 Common Stock 8.07K Direct F1, F2
transaction WTI Restricted Stock Units Options Exercise $0 -18K -33.33% $0.00 36K Jan 1, 2023 Common Stock 18K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 1, 2023, reporting person's 8,065 restricted stock units, which were granted on June 28, 2021, vested, and the reporting person received 8,065 shares of common stock. This represents the vesting of the second tranche of the grant.
F2 Each restricted stock unit represents a contingent right to receive one share of common stock or its cash equivalent, as determined at the time of settlement by WTI. Each grant of restricted stock units vests in three installments.
F3 On January 1, 2023, reporting person's 18,017 restricted stock units, which were granted on May 26, 2022, vested, and the reporting person received 18,017 shares of common stock. This represents the vesting of the first tranche of the grant.

Remarks:

Exhibit 24 - Power of Attorney