W&T Offshore CFO granted 220,409 RSUs
Parasnis Sameer reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Parasnis Sameer reported acquisition or exercise transactions in this Form 4 filing.
W&T Offshore EVP & Chief Financial Officer Sameer Parasnis received a grant of 220,409 restricted stock units tied to WTI common stock. Each unit represents a contingent right to receive one share of common stock or its cash equivalent, as determined at settlement.
The 220,409 restricted stock units vest in three equal installments: one-third on May 29, 2027, one-third on May 29, 2028, and one-third on May 29, 2029. Following this grant, Parasnis holds 220,409 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 220,409 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of WTI common stock or its cash equivalent, as determined at the time of settlement by WTI.
- F2. The restricted stock units will vest 1/3 on May 29, 2027, 1/3 on May 29, 2028 and 1/3 on May 29, 2029.
Key Figures
Key Terms
Restricted Stock Units financial
contingent right financial
cash equivalent financial
vest financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WTI EVP & CFO Sameer Parasnis report on this Form 4?
How many W&T Offshore (WTI) restricted stock units were granted to the CFO?
What is the vesting schedule for Sameer Parasnis’s 220,409 WTI restricted stock units?
Does the WTI CFO’s restricted stock unit grant involve any immediate cash payment?
What does each WTI restricted stock unit granted to the CFO represent?
AI-generated analysis. How Rhea-AI works. Not financial advice.