Tracy W. Krohn - 29 Sep 2023 Form 4 Insider Report for W&T OFFSHORE INC (WTI)

Signature
/s/ Jonathan Curth, as attorney-in-fact
Issuer symbol
WTI
Transactions as of
29 Sep 2023
Net transactions value
-$133,104
Form type
4
Filing time
03 Oct 2023, 18:57:04 UTC
Previous filing
07 Jun 2023
Next filing
03 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTI Common Stock Options Exercise +77,227 +20% 454,310 29 Sep 2023 Direct F1, F2
transaction WTI Common Stock Tax liability $133,104 -30,389 -6.7% $4.38 423,921 29 Sep 2023 Direct
holding WTI Common Stock 47,746,394 29 Sep 2023 By Trusts F3, F4

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 Performance Share Units Options Exercise $0 -77,227 -100% $0.000000* 0 29 Sep 2023 Common Stock 77,227 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 29, 2023, the reporting person's 77,227 performance share units, which were granted on June 28, 2021, vested, and the reporting person received 77,227 shares of common stock. The performance criteria was met on March 8, 2022, and this represents the vesting of the grant.
F2 Each performance share 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.
F3 47,746,394 shares of common stock held by trusts of which the reporting person is the beneficiary.
F4 Includes shares held by Tracy William Krohn Living Trust, the Tracy William Krohn 2008 JFF Trust and the Tracy William Krohn Exempt AKF Descendant's Trust. The reporting person is the beneficiary and trustee and exercises sole voting and dispositive power over the shares held by these trusts.