W&T Offshore (NYSE: WTI) VP’s RSUs vest with tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
W&T Offshore VP & Chief Accounting Officer Bart P. Hartman III reported routine equity compensation activity. On June 5, 2026, 5,959 restricted stock units granted on June 5, 2023 vested, and he received 5,959 shares of common stock as the final tranche of that grant.
To cover tax obligations, 2,345 shares of common stock were disposed of through a tax-withholding transaction at $3.70 per share, rather than an open-market sale. After these transactions, Hartman directly holds 49,465 shares of W&T Offshore common stock, reflecting net shares retained from the vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,959 shares exercised/converted
Mixed
3 txns
Insider
Hartman Bart P. III
Role
VP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,959 | $0.00 | -- |
| Exercise | Common Stock | 5,959 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,345 | $3.70 | $9K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 49,465 shares (Direct, null)
Footnotes (1)
- On June 5, 2026, the reporting person's 5,959 restricted stock units, which were granted on June 5, 2023, vested, and the reporting person received 5,959 shares of common stock. This represents the vesting of the final 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.
Key Figures
RSUs vested: 5,959 units
Shares received from vesting: 5,959 shares
Shares withheld for taxes: 2,345 shares
+3 more
6 metrics
RSUs vested
5,959 units
Restricted stock units vested on June 5, 2026
Shares received from vesting
5,959 shares
Common stock issued upon RSU conversion
Shares withheld for taxes
2,345 shares
Tax-withholding disposition on June 5, 2026
Tax withholding price
$3.70 per share
Value used for tax-withholding shares
Shares held after transactions
49,465 shares
Direct W&T Offshore common stock holdings
Original RSU grant
5,959 units
Grant dated June 5, 2023
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, contingent right, +1 more
5 terms
Restricted Stock Units financial
"the reporting person's 5,959 restricted stock units, which were granted on June 5, 2023, 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
"Payment of exercise price or tax liability by delivering securities"
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
"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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
vests in three installments financial
"Each grant of restricted stock units vests in three installments"
FAQ
What insider transaction did WTI executive Bart P. Hartman III report?
Bart P. Hartman III reported vesting of 5,959 restricted stock units that converted into 5,959 W&T Offshore common shares. This was the final tranche of a June 5, 2023 grant under the company’s equity compensation program.
What was the size and origin of the restricted stock unit grant for WTI’s Hartman?
The grant consisted of 5,959 restricted stock units awarded on June 5, 2023. Each unit represented a contingent right to receive one share of W&T Offshore common stock or its cash equivalent, vesting in three installments over time.
How do WTI restricted stock units work for executives like Bart P. Hartman III?
Each restricted stock unit represents a contingent right to one W&T Offshore common share or cash equivalent. Grants vest in three installments, and upon vesting, units convert into shares, with a portion sometimes withheld to cover related tax liabilities.