STOCK TITAN

W&T Offshore (NYSE: WTI) CEO nets shares after 106,667 RSUs vest

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  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.
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
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"
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
KROHN TRACY W

(Last)(First)(Middle)
5718 WESTHEIMER RD, SUITE 700

(Street)
HOUSTON TEXAS 77057

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
W&T OFFSHORE INC [ WTI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
Chairman, CEO & President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/05/2026M106,667A(1)(2)1,386,953D
Common Stock06/05/2026F41,974D$3.71,344,979D
Common Stock47,746,394IBy Trusts(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)06/05/2026M106,667 (1) (1)Common Stock106,667$00D
Explanation of Responses:
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.
2. 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.
3. 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.
/s/ George J. Hittner, as attorney-in-fact06/09/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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 many WTI shares did Tracy Krohn receive from vested RSUs?

Tracy Krohn received 106,667 W&T Offshore common shares upon vesting of restricted stock units granted on June 5, 2023. Each unit converted into one share of common stock or its cash equivalent, as determined at settlement by the company.

What does the 41,974-share disposition by WTI’s CEO represent?

The 41,974-share disposition represents shares withheld to pay taxes or exercise-related obligations, not an open-market sale. These shares were valued at $3.70 each and were used to satisfy liabilities arising from the RSU vesting event.

What are Tracy Krohn’s direct WTI share holdings after these transactions?

Following the June 5, 2026 RSU vesting and related tax-withholding disposition, Tracy Krohn directly holds 1,344,979 W&T Offshore common shares. This figure reflects his updated direct ownership position after receiving RSU shares and delivering some shares for tax obligations.

How many WTI shares does Tracy Krohn hold indirectly through trusts?

Tracy Krohn indirectly holds 47,746,394 W&T Offshore common shares through several trusts. He serves as beneficiary and trustee of these trusts and exercises sole voting and dispositive power over all shares held in them, consolidating his indirect ownership influence.

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.