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W&T Offshore (NYSE: WTI) EVP RSUs vest as 40,526 shares withheld for tax

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

W&T Offshore executive George Hittner reported a compensation-related share vesting and tax withholding transaction. On May 16, 2026, 152,542 restricted stock units granted on May 16, 2025 vested, and he received 152,542 shares of common stock. To cover tax obligations, 40,526 shares of common stock were disposed of at $4.75 per share through share withholding rather than an open-market sale. Following these transactions, he directly owned 212,205 shares of W&T Offshore common stock. Each vested restricted stock unit represented a right to receive one share of common stock or its cash equivalent, as determined at settlement.

Positive

  • None.

Negative

  • None.
Insider Hittner George
Role EVP, GC & Corporate Secretary
Type Security Shares Price Value
Exercise Restricted Stock Units 152,542 $0.00 --
Exercise Common Stock 152,542 $0.00 --
Tax Withholding Common Stock 40,526 $4.75 $192K
Holdings After Transaction: Restricted Stock Units — 305,085 shares (Direct, null); Common Stock — 252,731 shares (Direct, null)
Footnotes (1)
  1. On May 16, 2026, the reporting person's 152,542 restricted stock units, which were granted on May 16, 2025, vested, and the reporting person received 152,542 shares of common stock. This represents the vesting of the first tranche of the grant. 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.
RSUs vested 152,542 units Restricted stock units vested on May 16, 2026
Shares received on vesting 152,542 shares Common stock delivered upon RSU vesting
Tax withholding shares 40,526 shares Shares disposed of for tax withholding at $4.75 per share
Withholding price $4.75 per share Value used for tax-withholding disposition
Shares owned after transaction 212,205 shares Direct W&T Offshore common stock holding after May 16, 2026
Grant date of RSUs May 16, 2025 Original grant date of 152,542 restricted stock units
restricted stock units financial
"the reporting person's 152,542 restricted stock units, which were granted on May 16, 2025, vested"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of WTI common stock"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hittner George
(Last)(First)(Middle)
5718 WESTHEIMER RD, SUITE 700
(Street)
HOUSTON TEXAS 77057
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
W&T OFFSHORE INC [ WTI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, GC & Corporate Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/16/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/16/2026M152,542A(1)(2)252,731D
Common Stock05/16/2026F40,526D$4.75212,205D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)05/16/2026M152,542 (1) (1)Common Stock152,542$0305,085D
Explanation of Responses:
1. On May 16, 2026, the reporting person's 152,542 restricted stock units, which were granted on May 16, 2025, vested, and the reporting person received 152,542 shares of common stock. This represents the vesting of the first tranche of the grant.
2. 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.
/s/ Steven Lackey, as attorney-in-fact05/19/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did W&T Offshore (WTI) executive George Hittner report?

George Hittner reported vesting of 152,542 restricted stock units and related tax withholding. He received 152,542 W&T Offshore common shares and 40,526 shares were disposed of at $4.75 per share to satisfy tax obligations as part of this compensation event.

Were George Hittner’s W&T Offshore transactions open-market buys or sells?

The reported transactions were not open-market trades. They reflect RSU vesting and a tax-withholding disposition, where 40,526 shares were withheld at $4.75 per share to cover tax liabilities on 152,542 vested units, rather than discretionary buying or selling in the market.

How many W&T Offshore shares does George Hittner hold after these transactions?

After the May 16, 2026 vesting and tax-withholding disposition, George Hittner directly holds 212,205 shares of W&T Offshore common stock. This figure reflects his position after receiving 152,542 vested shares and having 40,526 shares withheld to satisfy tax obligations.

What happened to George Hittner’s 152,542 restricted stock units in W&T Offshore?

On May 16, 2026, 152,542 restricted stock units granted on May 16, 2025 vested for George Hittner. Upon vesting, he received 152,542 W&T Offshore common shares, representing the first tranche of that RSU grant, as disclosed in the filing’s footnotes.

How is each restricted stock unit defined in the W&T Offshore filing for George Hittner?

Each restricted stock unit represents a contingent right to receive one share of W&T Offshore common stock or its cash equivalent. The form specifies that W&T Offshore determines whether settlement occurs in shares or cash at the time of settlement for these units.