W&T Offshore CEO reports RSU vesting and tax share use
W&T Offshore Chairman and CEO Tracy W. Krohn reported routine equity compensation activity involving company stock.
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Form Type
4
Rhea-AI Filing Summary
W&T Offshore Chairman and CEO Tracy W. Krohn reported routine equity compensation activity involving company stock. On May 16, 2026, 361,582 restricted stock units vested and converted into the same number of common shares, representing the first tranche of this grant.
To cover related obligations, 141,494 shares were disposed of as a tax-withholding transaction at $4.75 per share, which is not an open-market sale. Following these events, Krohn directly owned 1,280,286 common shares, and trusts for his benefit held an additional 47,746,394 shares over which he has sole voting and dispositive power.
Insider Trade Summary
361,582 shares exercised/converted
Exercise
4 txns
Insider
KROHN TRACY W
Role
Chairman, CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 361,582 | $0.00 | $0.00 |
| Exercise | Common Stock | 361,582 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 141,494 | $4.75 | $672K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 723,164 contracts (Direct);
Common Stock — 1,280,286 shares (Direct);
Common Stock — 47,746,394 shares (Indirect, By Trusts)
Footnotes (3)
- F1. On May 16, 2026, the reporting person's 361,582 restricted stock units, which were granted on May 16, 2026, vested, and the reporting person received 361,582 shares of common stock. This represents the vesting of the first 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.
- F3. Includes shares held by the Tracy William Krohn Living Trust, the Tracy William Krohn 2008 JFF Trust and the Tracy William Krohn Exempt AKF Descendant's Trust. The reporting person is the beneficiary and trustee and exercises sole voting and dispositive power over the shares held by these trusts.
Key Figures
RSUs vested: 361,582 units
Tax-withholding shares: 141,494 shares
Tax-withholding price: $4.75 per share
+3 more
6 metrics
RSUs vested
361,582 units
Restricted stock units vested and converted into common stock on May 16, 2026
Tax-withholding shares
141,494 shares
Shares delivered to cover exercise price or tax liability at $4.75 per share
Tax-withholding price
$4.75 per share
Price used for 141,494-share tax-withholding disposition
Direct holdings after transactions
1,280,286 shares
Common stock directly owned by Krohn following May 16, 2026 activity
Trust holdings
47,746,394 shares
Shares held by multiple Krohn-related trusts with sole voting and dispositive power
Derivative exercise shares
361,582 shares
Common shares received from exercise/settlement of restricted stock units
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, tranche, +1 more
5 terms
Restricted Stock Units financial
"On May 16, 2026, the reporting person's 361,582 restricted stock units ... 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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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.
tranche financial
"This represents the vesting of the first tranche of the grant."
A tranche is one slice of a larger financing or investment that is released, sold, or paid out in separate parts rather than all at once. Investors care because each slice can carry different risk, return and timing—like buying pieces of a cake where some slices are richer or come later—so the specific tranche you hold affects when you get paid and how much you might gain or lose.
voting and dispositive power financial
"and exercises sole voting and dispositive power over the shares held by these trusts."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did W&T Offshore (WTI) report for Tracy W. Krohn?
Tracy W. Krohn reported routine equity compensation activity. On May 16, 2026, 361,582 restricted stock units vested into the same number of common shares, and a portion of shares was used to satisfy tax obligations rather than sold on the open market.
How many W&T Offshore (WTI) restricted stock units vested for Tracy Krohn?
361,582 restricted stock units vested for Krohn. Each unit represented a contingent right to one share of common stock or its cash equivalent. The filing states this was the first tranche of a grant that vests in three installments.
What are Tracy Krohn’s direct W&T Offshore (WTI) holdings after these transactions?
After the transactions, Krohn directly held 1,280,286 common shares. This direct ownership reflects the net result after 361,582 shares were received from vested restricted stock units and 141,494 shares were used to satisfy related tax obligations.
How do W&T Offshore restricted stock units for Tracy Krohn vest over time?
Each restricted stock unit grant vests in three installments. The filing explains that every unit represents a right to one share of common stock or its cash equivalent, with vesting occurring in tranches; the 361,582-unit vesting was the first tranche.
AI-generated analysis. How Rhea-AI works. Not financial advice.
