W&T Offshore (WTI) awards 220,409 restricted stock units to EVP and General Counsel
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hittner George reported acquisition or exercise transactions in this Form 4 filing.
W&T Offshore granted EVP, General Counsel and Corporate Secretary George Hittner 220,409 restricted stock units (RSUs) as equity compensation. Each RSU represents a contingent right to receive one share of W&T Offshore common stock or its cash equivalent when settled.
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. After this award, Hittner directly holds 220,409 RSUs linked to common stock, and there are no additional derivative holdings disclosed in this filing. This is a compensation-related grant, not an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hittner George
Role
EVP, GC & Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 220,409 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 220,409 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: 220,409 units
Transaction price: $0.00 per unit
Underlying shares: 220,409 shares
+4 more
7 metrics
RSUs granted
220,409 units
Restricted stock units awarded on May 29, 2026
Transaction price
$0.00 per unit
RSU grant price per restricted stock unit
Underlying shares
220,409 shares
Common stock underlying the RSUs
Post-transaction RSUs held
220,409 units
Total RSUs directly held after grant
First vesting date
May 29, 2027
One-third of RSUs vest
Second vesting date
May 29, 2028
One-third of RSUs vest
Final vesting date
May 29, 2029
Final one-third of RSUs vest
Key Terms
Restricted Stock Units, contingent right, cash equivalent, vest, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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
"represents a contingent right to receive one share of WTI common stock"
cash equivalent financial
"one share of WTI common stock or its cash equivalent, as determined at the time"
vest financial
"The restricted stock units will vest 1/3 on May 29, 2027, 1/3 on May 29, 2028"
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.
equity compensation financial
"These RSUs are part of his equity compensation and give him a contingent right"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
FAQ
What did WTI executive George Hittner receive in this Form 4 filing?
George Hittner received a grant of 220,409 restricted stock units from W&T Offshore. These RSUs are part of his equity compensation and give him a contingent right to common shares or cash at future settlement.
How many WTI restricted stock units were granted to George Hittner?
W&T Offshore granted George Hittner 220,409 restricted stock units. Each unit is tied to one share of common stock or its cash equivalent, and the entire amount reflects his post-grant RSU holdings reported in this filing.
What is the vesting schedule for George Hittner’s 220,409 WTI RSUs?
The 220,409 RSUs vest in three equal parts over three years. One-third vests on May 29, 2027, another third on May 29, 2028, and the final third on May 29, 2029, aligning with a long-term incentive structure.
Do these WTI RSUs involve any purchase price for George Hittner?
The RSU grant to George Hittner carries a reported transaction price per unit of $0.00. This reflects a compensation award from W&T Offshore rather than an open-market purchase of common stock by the executive.
How many WTI equity awards does George Hittner hold after this transaction?
After this RSU grant, George Hittner is shown holding 220,409 restricted stock units directly. These units are linked to an equivalent number of W&T Offshore common shares, subject to the vesting dates and eventual settlement terms.