W&T Offshore (NYSE: WTI) director receives new RSU grant and shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Buchanan John D reported acquisition or exercise transactions in this Form 4 filing.
W&T Offshore director John D. Buchanan increased his stake through equity compensation events. On June 3, 2026, 103,448 previously granted restricted stock units vested, and he received 103,448 shares of common stock. Following this vesting, he directly held 177,340 common shares.
On the same date, he received a new grant of 35,972 restricted stock units, each representing a right to one share of common stock or its cash equivalent, as determined at settlement by W&T Offshore. These new units will vest on the earlier of June 3, 2027, or the company’s next annual shareholder meeting, subject to stated conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
103,448 shares exercised/converted
Mixed
3 txns
Insider
Buchanan John D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 35,972 | $0.00 | -- |
| Exercise | Restricted Stock Units | 103,448 | $0.00 | -- |
| Exercise | Common Stock | 103,448 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 35,972 shares (Direct, null);
Common Stock — 177,340 shares (Direct, null)
Footnotes (1)
- On June 3, 2026, the reporting person's 103,448 restricted stock units, which were granted on June 3, 2025, vested, and the reporting person received 103,448 shares of common stock. 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. The restricted stock units will vest on the earlier of June 3, 2027, or the date of WTI's next annual shareholder meeting, subject to certain conditions.
Key Figures
RSUs vested: 103,448 units
Shares received on vesting: 103,448 shares
Shares held after transactions: 177,340 shares
+3 more
6 metrics
RSUs vested
103,448 units
Restricted stock units vested into 103,448 common shares on June 3, 2026
Shares received on vesting
103,448 shares
Common stock received by Buchanan upon RSU vesting on June 3, 2026
Shares held after transactions
177,340 shares
Direct common stock holdings following June 3, 2026 Form 4 transactions
New RSU grant
35,972 units
Restricted stock units granted on June 3, 2026 to Buchanan
RSU-to-share ratio
1 unit = 1 share
Each RSU represents a contingent right to one share or cash equivalent
New RSU vesting date
June 3, 2027
Vests on earlier of June 3, 2027 or next annual shareholder meeting
Key Terms
Restricted Stock Units, contingent right, cash equivalent, annual shareholder meeting, +1 more
5 terms
Restricted Stock Units financial
"the reporting person's 103,448 restricted stock units, which were granted on June 3, 2025, 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
cash equivalent financial
"one share of common stock or its cash equivalent, as determined at the time of settlement"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
FAQ
What insider activity did W&T Offshore (WTI) report for John D. Buchanan?
W&T Offshore reported that director John D. Buchanan had 103,448 restricted stock units vest into 103,448 common shares and received a new grant of 35,972 restricted stock units, all as part of his equity-based compensation on June 3, 2026.
What happened to the 103,448 restricted stock units reported for W&T Offshore (WTI)?
The 103,448 restricted stock units granted to John D. Buchanan on June 3, 2025 vested on June 3, 2026. Upon vesting, he received 103,448 shares of W&T Offshore common stock, and those specific restricted stock units ceased to exist after settlement.
What new equity award did John D. Buchanan receive from W&T Offshore (WTI)?
On June 3, 2026, John D. Buchanan received a new grant of 35,972 restricted stock units from W&T Offshore. Each unit represents a contingent right to receive one share of common stock or its cash equivalent, as determined at settlement by the company.
When will John D. Buchanan’s new W&T Offshore (WTI) restricted stock units vest?
The 35,972 restricted stock units granted to John D. Buchanan will vest on the earlier of June 3, 2027, or the date of W&T Offshore’s next annual shareholder meeting, subject to specified conditions outlined in the award’s vesting terms.
What does each W&T Offshore (WTI) restricted stock unit represent in Buchanan’s award?
Each restricted stock unit in John D. Buchanan’s W&T Offshore award represents a contingent right to receive one share of common stock or its cash equivalent. The company determines whether settlement is in shares or cash at the time of settlement.