Sameer Parasnis - 03 Jul 2024 Form 4 Insider Report for W&T OFFSHORE INC (WTI)

Role
EVP & Chief Financial Officer
Signature
/s/ Steven Lackey, as attorney-in-fact
Issuer symbol
WTI
Transactions as of
03 Jul 2024
Net transactions value
-$20,264
Form type
4
Filing time
08 Jul 2024, 19:06:12 UTC
Previous filing
03 Jul 2023
Next filing
12 Aug 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 +22,685 22,685 03 Jul 2024 Direct F1, F2
transaction WTI Common Stock Tax liability $20,264 -8,927 -39% $2.27 13,758 03 Jul 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 -22,685 -33% $0.000000 45,370 03 Jul 2024 Common Stock 22,685 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 3, 2024, the reporting person's 22,685 restricted stock units, which were granted on July 3, 2023, vested, and the reporting person received 22,685 shares of common stock. This represents the vesting of the first 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.

Remarks:

Exhibit 24 - Power of Attorney