W&T Offshore (NYSE: WTI) director receives 103K shares and new RSU grant
Rhea-AI Filing Summary
Conwill Daniel O. IV reported acquisition or exercise transactions in this Form 4 filing.
W&T Offshore director Daniel O. Conwill IV reported equity award activity. On June 3, 2026, 103,448 restricted stock units granted on June 3, 2025 vested, and he received 103,448 shares of common stock at no cash cost. Following this, his direct common stock holdings increased to 251,076 shares.
On the same date, he was credited with a new grant of 35,972 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 Trade Summary
Net Buyer: 103,448 shares
Net Buy
3 txns
Insider
Conwill Daniel O. IV
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 35,972 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 103,448 | $0.00 | $0.00 |
| Exercise | Common Stock | 103,448 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 35,972 shares (Direct);
Common Stock — 251,076 shares (Direct)
Footnotes (3)
- F1. 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.
- 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.
- F3. 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.
Key Figures
RSUs vested: 103,448 units
Shares received on vesting: 103,448 shares
Shares held after transactions: 251,076 shares
+3 more
6 metrics
RSUs vested
103,448 units
Restricted stock units vested on June 3, 2026
Shares received on vesting
103,448 shares
Common stock received for vested RSUs on June 3, 2026
Shares held after transactions
251,076 shares
Direct W&T Offshore common stock holdings following Form 4
New RSU grant
35,972 units
Restricted stock units granted on June 3, 2026
RSU settlement price
$0.0000 per unit
Conversion or exercise price for RSUs
Future RSU vesting date
June 3, 2027
Latest possible vesting date for new RSUs, or earlier shareholder meeting
Key Terms
Restricted Stock Units, derivative security, contingent right, cash equivalent, +1 more
5 terms
Restricted Stock Units financial
"On June 3, 2026, 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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock or its cash equivalent"
cash equivalent financial
"one share of common stock or its cash equivalent, as determined at the time of settlement by WTI"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did W&T Offshore (WTI) report for Daniel O. Conwill IV?
W&T Offshore reported that director Daniel O. Conwill IV had 103,448 restricted stock units vest into 103,448 common shares and received a new grant of 35,972 restricted stock units, all on June 3, 2026, as part of his equity awards.
What happened to the 103,448 restricted stock units reported by WTI on June 3, 2026?
On June 3, 2026, 103,448 restricted stock units previously granted to Daniel O. Conwill IV vested, and he received 103,448 shares of W&T Offshore common stock. Each unit represented a contingent right to one share or its cash equivalent at settlement.
What new restricted stock unit grant did W&T Offshore (WTI) award to Daniel O. Conwill IV?
Daniel O. Conwill IV received a new grant of 35,972 restricted stock units tied to W&T Offshore common stock. These units vest on the earlier of June 3, 2027, or the date of the company’s next annual shareholder meeting, subject to specified conditions.
When will Daniel O. Conwill IV’s new WTI restricted stock units vest?
The 35,972 new restricted stock units will vest on the earlier of June 3, 2027, or the date of W&T Offshore’s next annual shareholder meeting. Vesting remains subject to certain conditions described in the award terms.
Were there any open-market stock purchases or sales by Daniel O. Conwill IV in this WTI Form 4?
The Form 4 shows no open-market purchases or sales. It reports the vesting and conversion of 103,448 restricted stock units into common shares and a new grant of 35,972 restricted stock units, both classified as equity award-related acquisitions.