W&T Offshore (NYSE: WTI) director gains 103,448 shares and new RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
W&T Offshore director Stanley B. Frank reported equity compensation activity involving restricted stock units (RSUs). On June 3, 2026, 103,448 RSUs granted on June 3, 2025 vested, and he received 103,448 shares of common stock. Following this exercise, he directly holds 497,073 common shares.
On the same date, he was granted an additional 35,972 RSUs, each representing a right to one share of common stock or its cash equivalent. These new RSUs will vest on the earlier of June 3, 2027, or the date of W&T Offshore’s next annual shareholder meeting, subject to specified conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
103,448 shares exercised/converted
Mixed
3 txns
Insider
Stanley B Frank
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 — 497,073 shares (Direct, null)
Footnotes (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.
Key Figures
RSUs vested: 103,448 units
Shares received from vesting: 103,448 shares
Shares held after transactions: 497,073 shares
+2 more
5 metrics
RSUs vested
103,448 units
Vested on June 3, 2026 into common stock
Shares received from vesting
103,448 shares
Common stock received upon RSU vesting
Shares held after transactions
497,073 shares
Direct common stock ownership after June 3, 2026
New RSU grant
35,972 units
New restricted stock units granted on June 3, 2026
RSU vesting date
June 3, 2027
Latest possible vesting date for new RSUs, or earlier at next annual meeting
Key Terms
Restricted Stock Units, contingent right, cash equivalent, annual shareholder meeting
4 terms
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"
FAQ
What insider transactions did WTI director Stanley B. Frank report?
Stanley B. Frank reported the vesting of 103,448 restricted stock units, converting into 103,448 shares of WTI common stock, and a new grant of 35,972 restricted stock units. These transactions reflect equity compensation rather than open-market buying or selling.
What are the key details of the new RSU grant reported by WTI?
Frank received a new grant of 35,972 restricted stock units, each tied to one share of common stock or its cash equivalent. These RSUs will vest on the earlier of June 3, 2027, or WTI’s next annual shareholder meeting, subject to certain conditions.
Did the WTI insider Form 4 show any open-market stock purchases or sales?
The Form 4 shows no open-market purchases or sales. All reported transactions involve RSU vesting and a new RSU grant, with no shares bought or sold in the market, indicating routine equity compensation activity rather than discretionary trading.
How many restricted stock units vested for the WTI director on June 3, 2026?
On June 3, 2026, 103,448 restricted stock units previously granted to Stanley B. Frank vested. In connection with this vesting, he received 103,448 shares of W&T Offshore common stock, increasing his direct ownership stake in the company.
When will the newly granted WTI restricted stock units vest?
The 35,972 newly granted restricted stock units will vest on the earlier of June 3, 2027, or the date of W&T Offshore’s next annual shareholder meeting, provided the specified vesting conditions are satisfied under the company’s director compensation arrangements.