W&T Offshore (NYSE: WTI) CEO nets shares after 106,667 RSUs vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
W&T Offshore Chairman and CEO Tracy W. Krohn had 106,667 restricted stock units granted on June 5, 2023 vest on June 5, 2026, converting into the same number of common shares. To cover tax obligations, 41,974 shares were disposed of at $3.70 per share. After these compensation-related events, he directly owns 1,344,979 common shares and indirectly holds 47,746,394 shares through trusts over which he has sole voting and dispositive power.
Positive
- None.
Negative
- None.
Insider Trade Summary
106,667 shares exercised/converted
Mixed
4 txns
Insider
KROHN TRACY W
Role
Chairman, CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 106,667 | $0.00 | -- |
| Exercise | Common Stock | 106,667 | $0.00 | -- |
| Tax Withholding | Common Stock | 41,974 | $3.70 | $155K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 1,386,953 shares (Direct, null);
Common Stock — 47,746,394 shares (Indirect, By Trusts)
Footnotes (1)
- On June 5, 2026, the reporting person's 106,667 restricted stock units, which were granted on June 5, 2023, vested, and the reporting person received 106,667 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. Includes shares held by the Tracy William Krohn Living Trust, the Tracy William Krohn 2008 JFF Trust and the Tracy William Krohn Exempt AKF Descendant's Trust. The reporting person is the beneficiary and trustee and exercises sole voting and dispositive power over the shares held by these trusts.
Key Figures
RSUs vested: 106,667 units/shares
Shares withheld for taxes: 41,974 shares at $3.70
Direct common shares after transactions: 1,344,979 shares
+2 more
5 metrics
RSUs vested
106,667 units/shares
Restricted stock units granted June 5, 2023; vested June 5, 2026
Shares withheld for taxes
41,974 shares at $3.70
Tax-withholding disposition related to RSU vesting on June 5, 2026
Direct common shares after transactions
1,344,979 shares
Direct ownership following June 5, 2026 transactions
Indirect common shares via trusts
47,746,394 shares
Held by specified Krohn trusts with sole voting and dispositive power
RSU exercise price
$0.00 per unit
Conversion of 106,667 restricted stock units into common shares
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, contingent right, +1 more
5 terms
Restricted Stock Units financial
"the reporting person's 106,667 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 exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
voting and dispositive power financial
"exercises sole voting and dispositive power over the shares held by these trusts"
FAQ
What insider transactions did WTI CEO Tracy Krohn report on June 5, 2026?
On June 5, 2026, W&T Offshore CEO Tracy Krohn had 106,667 restricted stock units vest into common shares. The company then withheld 41,974 shares at $3.70 each to satisfy tax obligations related to this vesting.
How do WTI restricted stock units work for the CEO’s grant?
Each restricted stock unit granted to the CEO represents a contingent right to receive one W&T Offshore common share or its cash equivalent. The grant vests in three installments, and the June 5, 2026 vesting represented the final tranche of the 2023 award.