Bart P. Hartman III - 01 Jan 2023 Form 4 Insider Report for W&T OFFSHORE INC (WTI)

Role
VP & Chief Accounting Officer
Signature
/s/ Jonathan Curth, as attorney-in-fact
Issuer symbol
WTI
Transactions as of
01 Jan 2023
Net transactions value
-$13,824
Form type
4
Filing time
04 Jan 2023, 17:59:08 UTC
Previous filing
31 May 2022
Next filing
07 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTI Common Stock Options Exercise +2,042 +142% 3,478 01 Jan 2023 Direct F1, F2
transaction WTI Common Stock Tax liability $4,615 -912 -26% $5.06 2,566 01 Jan 2023 Direct
transaction WTI Common Stock Options Exercise +4,076 +159% 6,642 01 Jan 2023 Direct F2, F3
transaction WTI Common Stock Tax liability $9,209 -1,820 -27% $5.06 4,822 01 Jan 2023 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
transaction WTI Restricted Stock Units Options Exercise $0 -2,042 -50% $0.000000 2,041 01 Jan 2023 Common Stock 2,042 Direct F1, F2
transaction WTI Restricted Stock Units Options Exercise $0 -4,076 -33% $0.000000 8,150 01 Jan 2023 Common Stock 4,076 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 2,042 restricted stock units, which were granted on June 28, 2021, vested, and the reporting person received 2,042 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 4,076 restricted stock units, which were granted on May 26, 2022, vested, and the reporting person received 4,076 shares of common stock. This represents the vesting of the first tranche of the grant.

Remarks:

Exhibit 24 - Power of Attorney