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W&T Offshore (NYSE: WTI) VP’s RSUs vest with tax-withholding share disposition

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

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  • None.
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)
  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.
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
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"
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hartman Bart P. III

(Last)(First)(Middle)
5718 WESTHEIMER RD, SUITE 700

(Street)
HOUSTON TEXAS 77057

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
W&T OFFSHORE INC [ WTI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
VP & Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/05/2026M5,959A(1)(2)49,465D
Common Stock06/05/2026F2,345D$3.747,120D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)06/05/2026M5,959 (1) (1)Common Stock5,959$00D
Explanation of Responses:
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.
2. 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.
/s/ George J. Hittner, as attorney-in-fact06/09/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

Did Bart P. Hartman III sell WTI shares in the open market?

No open-market sale was reported. Instead, 2,345 W&T Offshore common shares were disposed of through tax withholding at $3.70 per share to satisfy tax obligations related to the vesting of restricted stock units.

How many WTI shares does Bart P. Hartman III hold after these transactions?

Following the June 5, 2026 transactions, Bart P. Hartman III directly holds 49,465 shares of W&T Offshore common stock. This balance reflects net shares retained after restricted stock units vested and a portion of shares was withheld for taxes.

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.