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W&T Offshore (NYSE: WTI) grants 35,972 new RSUs to director Chang

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

Rhea-AI Filing Summary

CHANG NANCY T reported acquisition or exercise transactions in this Form 4 filing.

W&T Offshore director Nancy T. Chang reported routine equity compensation activity. On June 3, 2026, 103,448 restricted stock units granted on June 3, 2025 vested, and she received 103,448 shares of common stock, bringing her direct common stock holdings to 216,100 shares.

On the same date, she was granted 35,972 new restricted stock units, each representing a contingent right to receive one share of common stock or its cash equivalent. These new units will vest on the earlier of June 3, 2027 or the date of W&T Offshore’s next annual shareholder meeting, subject to conditions.

Positive

  • None.

Negative

  • None.
Insider CHANG NANCY T
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 35,972 $0.00 --
Exercise Restricted Stock Units 103,448 $0.00 --
Exercise Common Stock 103,448 $0.00 --
Holdings After Transaction: Restricted Stock Units — 35,972 shares (Direct, null); Common Stock — 216,100 shares (Direct, null)
Footnotes (1)
  1. On June 3, 2026, the reporting person's 103,448 restricted stock units, which were granted on June 3, 2025, vested, and the reporting person received 103,448 shares of common stock. 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. The restricted stock units will vest on the earlier of June 3, 2027, or the date of WTI's next annual shareholder meeting, subject to certain conditions.
RSUs vested 103,448 units Restricted stock units vested on June 3, 2026
Shares received on vesting 103,448 shares Common stock received from RSU vesting on June 3, 2026
Common shares held after transaction 216,100 shares Direct W&T Offshore common stock holdings after transactions
New RSU grant 35,972 units Restricted stock units granted on June 3, 2026
RSU settlement value per unit 1 share or cash equivalent Each RSU equals one share of common stock or its cash equivalent
New RSU vesting date Earlier of June 3, 2027 or next meeting Vesting trigger for 35,972 new restricted stock units
Restricted Stock Units financial
"the reporting person's 103,448 restricted stock units, which were granted on June 3, 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
cash equivalent financial
"one share of common stock or its cash equivalent, as determined at the time of settlement"
vest financial
"The restricted stock units will vest on the earlier of June 3, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
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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*
CHANG NANCY T
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026		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 Stock06/03/2026M103,448A(1)(2)216,100D
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)06/03/2026A35,972 (3) (3)Common Stock35,972$035,972D
Restricted Stock Units(2)06/03/2026M103,448 (1) (1)Common Stock103,448$00D
Explanation of Responses:
1. On June 3, 2026, the reporting person's 103,448 restricted stock units, which were granted on June 3, 2025, vested, and the reporting person received 103,448 shares of common stock.
2. 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.
3. The restricted stock units will vest on the earlier of June 3, 2027, or the date of WTI's next annual shareholder meeting, subject to certain conditions.
Remarks:
Exhibit 24 - Power of Attorney
/s/ George J. Hittner, as attorney-in-fact06/05/2026
** 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 transactions did WTI director Nancy T. Chang report on this Form 4?

Nancy T. Chang reported vesting of 103,448 restricted stock units into an equal number of W&T Offshore common shares and a new grant of 35,972 restricted stock units. These transactions reflect routine director equity compensation rather than open-market buying or selling.

How many W&T Offshore (WTI) shares does Nancy T. Chang hold after these transactions?

After the June 3, 2026 vesting, Nancy T. Chang directly holds 216,100 shares of W&T Offshore common stock. In addition, she holds 35,972 restricted stock units, which represent contingent rights to receive common shares or cash upon future vesting.

What happened to the 103,448 restricted stock units reported by WTI director Chang?

The 103,448 restricted stock units granted on June 3, 2025 vested on June 3, 2026. Upon vesting, Nancy T. Chang received 103,448 shares of W&T Offshore common stock, and the corresponding restricted stock unit derivative position was reduced to zero.

What are the terms of the new 35,972 restricted stock units granted to WTI director Chang?

Nancy T. Chang received a grant of 35,972 restricted stock units, each representing a contingent right to one share of common stock or its cash equivalent. These units will vest on the earlier of June 3, 2027 or W&T Offshore’s next annual shareholder meeting, subject to conditions.

Do the WTI restricted stock units give Nancy T. Chang cash or stock at settlement?

Each restricted stock unit represents a contingent right to receive one share of common stock or its cash equivalent. W&T Offshore determines at the time of settlement whether the award is paid in shares, cash, or a combination, according to the grant terms.