W&T Offshore (WTI) CFO RSUs vest; 22,066 shares withheld at $3.43
Rhea-AI Filing Summary
W&T Offshore EVP & CFO Sameer Parasnis reported equity-based transactions tied to restricted stock units (RSUs). On August 8, 2026, 56,075 RSUs granted on August 8, 2024 vested as the second tranche of a three-installment grant, and were settled in 56,075 shares of common stock. On the same date, 22,066 common shares at $3.43 per share were delivered or withheld to satisfy the exercise price or tax liability associated with this vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 34,009 shares
Net Buy
3 txns
Insider
Parasnis Sameer
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F1 | 56,075 | $0.00 | $0.00 |
| Exercise | Common Stock F2, F1 | 56,075 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 22,066 | $3.43 | $76K |
Holdings After Transaction:
Restricted Stock Units — 56,075 shares (Direct);
Common Stock — 199,597 shares (Direct)
Footnotes (2)
- F1. On August 8, 2026, the reporting person's 56,075 restricted stock units, which were granted on August 8, 2024, vested, and the reporting person received 56,075 shares of common stock. This represents the vesting of the second tranche of the grant.
- 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. Each grant of restricted stock units vests in three installments.
Key Figures
RSUs vested: 56,075 units
Common shares received: 56,075 shares
Shares delivered/withheld: 22,066 shares
+3 more
6 metrics
RSUs vested
56,075 units
Restricted stock units vested and settled on August 8, 2026
Common shares received
56,075 shares
Shares of common stock received upon RSU vesting on August 8, 2026
Shares delivered/withheld
22,066 shares
Common shares delivered or withheld to cover exercise price or tax liability
Price per share for tax/exercise
$3.43 per share
Value used for shares delivered or withheld under transaction code F
RSU grant date
August 8, 2024
Original grant date of the 56,075 restricted stock units that vested
RSU vesting installments
3 installments
Each grant of restricted stock units vests in three installments
Key Terms
Restricted Stock Units, contingent right, cash equivalent, Payment of exercise price or tax liability by delivering or withholding securities
4 terms
Restricted Stock Units financial
"the reporting person's 56,075 restricted stock units, which were granted on August 8, 2024, 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"
Payment of exercise price or tax liability by delivering or withholding securities financial
"Payment of exercise price or tax liability by delivering or withholding securities"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity transaction did WTI EVP & Chief Financial Officer Sameer Parasnis report?
Sameer Parasnis reported the vesting of 56,075 restricted stock units into 56,075 shares of W&T Offshore common stock on August 8, 2026, representing the second tranche of an RSU grant originally awarded on August 8, 2024.
How many WTI RSUs vested for the CFO in this Form 4 filing?
The filing shows 56,075 restricted stock units vested for the EVP & Chief Financial Officer. Each RSU represented a contingent right to receive one share of common stock or its cash equivalent, as determined by W&T Offshore at settlement.
What common stock did the WTI CFO acquire upon RSU vesting?
Upon vesting, the EVP & Chief Financial Officer received 56,075 shares of W&T Offshore common stock. These shares were issued in settlement of the same number of restricted stock units that vested on August 8, 2026.
Over how many installments do the WTI CFO’s RSU grants vest?
The footnotes state that each grant of restricted stock units vests in three installments. The 56,075 RSUs that vested on August 8, 2026 represent the second tranche of the August 8, 2024 RSU grant.