W&T Offshore (NYSE: WTI) awards CEO Tracy Krohn 522,449 RSUs vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KROHN TRACY W reported acquisition or exercise transactions in this Form 4 filing.
W&T Offshore reported that Chairman, CEO & President Tracy W. Krohn received a grant of 522,449 restricted stock units (RSUs) on May 29, 2026. Each RSU is a contingent right to receive one share of W&T common stock or its cash equivalent at settlement.
The RSUs vest in three equal installments: one-third on May 29, 2027, one-third on May 29, 2028, and one-third on May 29, 2029. Following this award, Krohn is reported as holding 522,449 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KROHN TRACY W
Role
Chairman, CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 522,449 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 522,449 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of WTI common stock or its cash equivalent, as determined at the time of settlement by WTI. The restricted stock units will vest 1/3 on May 29, 2027, 1/3 on May 29, 2028 and 1/3 on May 29, 2029.
Key Figures
RSUs granted: 522,449 units
Transaction price per RSU: $0.00
RSUs after transaction: 522,449 units
+3 more
6 metrics
RSUs granted
522,449 units
Award date May 29, 2026
Transaction price per RSU
$0.00
Compensation grant, not a purchase
RSUs after transaction
522,449 units
Total RSUs held directly following grant
First vesting date
May 29, 2027
1/3 of RSUs vest
Second vesting date
May 29, 2028
1/3 of RSUs vest
Final vesting date
May 29, 2029
Final 1/3 of RSUs vest
Key Terms
Restricted Stock Units, contingent right, cash equivalent, vest
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of WTI common stock or its cash equivalent"
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 WTI common stock or its cash equivalent"
cash equivalent financial
"one share of WTI common stock or its cash equivalent, as determined at the time of settlement"
vest financial
"The restricted stock units will vest 1/3 on May 29, 2027, 1/3 on May 29, 2028 and 1/3 on May 29, 2029"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What equity award did WTI grant to CEO Tracy Krohn in this Form 4?
W&T Offshore granted CEO Tracy Krohn 522,449 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of WTI common stock or its cash equivalent, as determined at settlement by the company.
When do Tracy Krohn’s 522,449 WTI RSUs vest?
Krohn’s 522,449 RSUs vest in three equal tranches. One-third vests on May 29, 2027, another third on May 29, 2028, and the final third on May 29, 2029, subject to the award terms.
How many WTI restricted stock units does Tracy Krohn hold after this grant?
After the reported transaction, Tracy Krohn is shown holding 522,449 restricted stock units directly. This figure reflects the RSU award reported in the filing and indicates his derivative equity-based position from this specific grant.
What does each WTI restricted stock unit granted to Tracy Krohn represent?
Each RSU represents a contingent right to receive either one share of W&T Offshore common stock or its cash equivalent. The company determines at settlement whether delivery will be in shares or cash, according to the plan terms.