Bart P. Hartman III - 01 Jan 2024 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 2024
Net transactions value: -$5,920
Form type: 4
Filing time: 03 Jan 2024, 16:24:24 UTC
Previous filing: 03 Oct 2023
Next filing: 07 Jun 2024
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		+2,041	+29%		8,989	01 Jan 2024	Direct	F1, F2
transaction	WTI	Common Stock	Tax liability	$1,976	-606	-6.7%	$3.26	8,383	01 Jan 2024	Direct
transaction	WTI	Common Stock	Options Exercise		+4,076	+49%		12,459	01 Jan 2024	Direct	F2, F3
transaction	WTI	Common Stock	Tax liability	$3,945	-1,210	-9.7%	$3.26	11,249	01 Jan 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	-2,041	-100%	$0.000000^*	0	01 Jan 2024	Common Stock	2,041		Direct	F1, F2
transaction	WTI	Restricted Stock Units	Options Exercise	$0	-4,076	-50%	$0.000000	4,074	01 Jan 2024	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, 2024, the reporting person's 2,041 restricted stock units, which were granted on June 28, 2021, vested, and the reporting person received 2,041 shares of common stock. This represents the vesting of the final 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, 2024, the 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 second tranche of the grant.