Tracy W. Krohn - Jan 1, 2025 Form 4 Insider Report for W&T OFFSHORE INC (WTI)

Role
Chairman, CEO & President
Signature
/s/ Steven Lackey, as attorney-in-fact
Stock symbol
WTI
Transactions as of
Jan 1, 2025
Transactions value $
-$62,167
Form type
4
Date filed
1/3/2025, 05:25 PM
Previous filing
Aug 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTI Common Stock Options Exercise +83.9K +14.42% 665K Jan 1, 2025 Direct F1, F2
transaction WTI Common Stock Tax liability -$62.2K -37.5K -5.63% $1.66 628K Jan 1, 2025 Direct
holding WTI Common Stock 47.7M Jan 1, 2025 By Trusts F3

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 -83.9K -100% $0.00 0 Jan 1, 2025 Common Stock 83.9K 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, 2025, 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 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 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.