Jonathan Curth - Jan 1, 2024 Form 4 Insider Report for W&T OFFSHORE INC (WTI)

Role
EVP,Gen Counsel&Corp Secretary
Signature
/s/ Jonathan Curth, as attorney-in-fact
Stock symbol
WTI
Transactions as of
Jan 1, 2024
Transactions value $
-$5,640
Form type
4
Date filed
1/3/2024, 04:22 PM
Previous filing
Jun 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTI Common Stock Options Exercise +5.83K +180.68% 9.06K Jan 1, 2024 Direct F1, F2
transaction WTI Common Stock Tax liability -$5.64K -1.73K -19.09% $3.26 7.33K Jan 1, 2024 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 -5.83K -50% $0.00 5.83K Jan 1, 2024 Common Stock 5.83K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 1, 2024, the reporting person's 5,834 restricted stock units, which were granted on June 20, 2022, vested, and the reporting person received 5,834 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.