WTI Form 4: EVP Parasnis Converts 56,074 RSUs; 13,655 Shares Disposed
Rhea-AI Filing Summary
Parasnis Sameer, EVP & Chief Financial Officer of W&T Offshore, Inc. (WTI), had restricted stock units vest on 08/08/2025. The vested award of 56,074 restricted stock units (granted 08/08/2024) converted into 56,074 shares of common stock, described as the first tranche of a grant that vests in three installments. Each restricted stock unit represents a contingent right to receive one share or a cash equivalent as determined at settlement by WTI.
The filing also records a disposition of 13,655 common shares at a price of $1.73 per share on the same date. Following the reported transactions, the filing shows 112,150 shares reported as beneficially owned.
Positive
- 56,074 restricted stock units vested and were converted into 56,074 shares, increasing reported insider ownership
- Disclosure is complete for the reported transactions, showing beneficial ownership following the vesting
Negative
- 13,655 common shares were disposed at $1.73 per share on the reported date
Insights
TL;DR: Executive received vested equity and reported a contemporaneous partial disposition; transaction appears routine and non-disruptive.
The Form 4 shows the EVP & CFO received 56,074 shares upon vesting of restricted stock units, the first tranche of a multi-step grant that vests in three installments. The filing also reports a disposal of 13,655 shares at $1.73 each. These entries are disclosed and transparent, consistent with compensation vesting schedules and required Section 16 reporting. No indications of unusual timing or additional related-party arrangements are stated in the filing.
TL;DR: The transaction increases insider-held shares but includes a modest sale; impact on capitalization appears immaterial from the filing.
The report documents conversion of RSUs into 56,074 common shares and a contemporaneous disposition of 13,655 shares at $1.73. The filing lists 112,150 shares as beneficially owned following the events. Absent additional financial context or materiality thresholds tied to WTI's market capitalization, these movements read as routine executive equity compensation activity rather than a material corporate event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 56,074 | $0.00 | -- |
| Exercise | Common Stock | 56,074 | $0.00 | -- |
| Tax Withholding | Common Stock | 13,655 | $1.73 | $24K |
Footnotes (1)
- On August 8, 2025, the reporting person's 56,074 restricted stock units, which were granted on August 8, 2024, vested, and the reporting person received 56,074 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 common stock or its cash equivalent, as determined at the time of settlement by WTI. Each grant of restricted stock units vests in three installments.
