W&T Offshore grants 220,409 RSUs to EVP
Hittner George reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 220,409 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
Key Terms
Restricted Stock Units financial
contingent right financial
cash equivalent financial
vest financial
equity compensation financial
FAQ
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What did WTI executive George Hittner receive in this Form 4 filing?
How many WTI restricted stock units were granted to George Hittner?
What is the vesting schedule for George Hittner’s 220,409 WTI RSUs?
Do these WTI RSUs involve any purchase price for George Hittner?
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