Tracy W. Krohn - Jan 1, 2024 Form 4 Insider Report for W&T OFFSHORE INC (WTI)

Role
Chairman, CEO & President
Signature
/s/ Jonathan Curth, as attorney-in-fact
Stock symbol
WTI
Transactions as of
Jan 1, 2024
Transactions value $
-$211,004
Form type
4
Date filed
1/3/2024, 04:26 PM
Previous filing
Oct 3, 2023
Next filing
Jun 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTI Common Stock Options Exercise +73.9K +17.42% 498K Jan 1, 2024 Direct F1, F2
transaction WTI Common Stock Tax liability -$103K -31.7K -6.37% $3.26 466K Jan 1, 2024 Direct
transaction WTI Common Stock Options Exercise +83.9K 550 Jan 1, 2024 Direct F2, F3
transaction WTI Common Stock Tax liability -$108K -33K -6% $3.26 517K Jan 1, 2024 Direct
holding WTI Common Stock 47.7M Jan 1, 2024 By Trusts 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 Restricted Stock Units Options Exercise $0 -73.9K -100% $0.00* 0 Jan 1, 2024 Common Stock 73.9K Direct F1, F2
transaction WTI Restricted Stock Units Options Exercise $0 -83.9K -50% $0.00 83.9K Jan 1, 2024 Common Stock 83.9K 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 73,863 restricted stock units, which were granted on June 28, 2021, vested, and the reporting person received 73,863 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 83,874 restricted stock units, which were granted on May 26, 2022, vested, and the reporting person received 83,874 shares of common stock. This represents the vesting of the second tranche of the grant.
F4 Includes shares held by the 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.