W&T Offshore (NYSE: WTI) EVP sells 30,000 shares tied to RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
W&T Offshore executive George Hittner, EVP, GC & Corporate Secretary, reported an open-market sale of 30,000 common shares on 2026-07-14 at a weighted average price of $3.53 per share, with trades between $3.53 and $3.54, primarily to pay taxes on vested restricted stock units. Following the transaction, he directly holds 182,205 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 30,000 shares ($105,900)
Net Sell
1 txn
Insider
Hittner George
Role
EVP, GC & Corporate Secretary
Sold
30,000 shs ($106K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30,000 | $3.53 | $106K |
Holdings After Transaction:
Common Stock — 182,205 shares (Direct)
Footnotes (1)
- Shares were sold to pay taxes upon the vesting of restricted stock units. The price reported in column 4 is a weighted average sales price. These shares were sold at prices ranging from $3.53 to $3.54.
Key Figures
Common shares sold: 30,000 shares
Weighted average sale price: $3.53 per share
Shares held after sale: 182,205 shares
+1 more
4 metrics
Common shares sold
30,000 shares
Open-market sale of common stock on 2026-07-14
Weighted average sale price
$3.53 per share
Average price for shares sold in this reported transaction
Shares held after sale
182,205 shares
Direct common stock ownership after the transaction
Sale price range
$3.53–$3.54 per share
Range of prices at which the reported shares were sold
Key Terms
restricted stock units, weighted average sales price, open-market sale
3 terms
restricted stock units financial
"Shares were sold to pay taxes upon the vesting of restricted stock units."
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.
weighted average sales price financial
"The price reported is a weighted average sales price for the shares."
open-market sale financial
"Reported transaction is an open-market sale of common stock."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider stock sale did W&T Offshore (WTI) executive George Hittner report?
George Hittner reported selling 30,000 W&T Offshore common shares in an open-market transaction at a weighted average price of $3.53 on 2026-07-14. The reported purpose was to pay taxes triggered by vesting restricted stock units, leaving him with 182,205 shares held directly.
What type of transaction was reported for W&T Offshore (WTI) executive George Hittner?
The Form 4 reports an open-market sale of common stock by George Hittner, coded as an “S” transaction. Despite the sale code, a footnote clarifies the primary purpose was covering tax obligations tied to vesting restricted stock units, a common compensation-related event.