W&T Offshore CEO vests 106,667 RSUs, pays taxes
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.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 106,667 | $0.00 | $0.00 |
| Exercise | Common Stock | 106,667 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 41,974 | $3.70 | $155K |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
Key Terms
Restricted Stock Units financial
tax-withholding disposition financial
derivative exercise/conversion financial
contingent right financial
voting and dispositive power financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did WTI CEO Tracy Krohn report on June 5, 2026?
How do WTI restricted stock units work for the CEO’s grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.