W&T Offshore (WTI) awards 29,184 restricted stock units to accounting chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hartman Bart P. III reported acquisition or exercise transactions in this Form 4 filing.
W&T Offshore reported that its VP & Chief Accounting Officer, Bart P. Hartman III, received a grant of 29,184 restricted stock units. Each unit represents a right to receive one share of W&T Offshore common stock or its cash equivalent at settlement.
The restricted stock units will vest in three equal installments on May 29, 2027, May 29, 2028, and May 29, 2029, aligning Mr. Hartman’s compensation with the company’s longer-term performance. Following this grant, he is reported as holding 29,184 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hartman Bart P. III
Role
VP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 29,184 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 29,184 shares (Direct, null)
Footnotes (1)
- 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. 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
RSUs granted: 29,184 units
Holdings after transaction: 29,184 units
Vesting date 1: May 29, 2027
+2 more
5 metrics
RSUs granted
29,184 units
Grant of restricted stock units to VP & Chief Accounting Officer
Holdings after transaction
29,184 units
Total restricted stock units beneficially owned following grant
Vesting date 1
May 29, 2027
First one-third of RSUs vest
Vesting date 2
May 29, 2028
Second one-third of RSUs vest
Vesting date 3
May 29, 2029
Final one-third of RSUs vest
Key Terms
Restricted Stock Units, contingent right, vest, beneficially owned
4 terms
Restricted Stock Units financial
"The filing reports a grant of 29,184 Restricted Stock Units to the insider."
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 or cash equivalent."
vest financial
"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."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
beneficially owned financial
"Total shares following the transaction of 29,184 units are listed as beneficially owned."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What insider transaction did W&T Offshore (WTI) report for Bart P. Hartman III?
W&T Offshore reported a grant of 29,184 restricted stock units to VP & Chief Accounting Officer Bart P. Hartman III. These units are part of his equity compensation and were acquired at no cash cost under a Form 4 filing.
How many restricted stock units did WTI grant in this Form 4 filing?
The filing shows a grant of 29,184 restricted stock units. Each unit is a contingent right to receive one share of W&T Offshore common stock or its cash equivalent, as determined at settlement by the company.
When do Bart P. Hartman III’s WTI restricted stock units vest?
The restricted stock units vest in three equal installments. One-third vests on May 29, 2027, another third on May 29, 2028, and the final third on May 29, 2029, creating a three-year vesting schedule.
What does each WTI restricted stock unit represent for the insider?
Each restricted stock unit represents a contingent right to receive one share of W&T Offshore common stock or its cash equivalent. The company will determine at settlement whether delivery is in stock or cash, according to the filing footnote.
Is the WTI Form 4 transaction a purchase or a compensation award?
The Form 4 describes the transaction as a grant or award acquisition of restricted stock units. It is compensation-related, not an open-market stock purchase, and carries a transaction code “A” for grant, award, or other acquisition.
How many WTI restricted stock units does Bart P. Hartman III hold after this grant?
After the reported grant, total holdings are 29,184 restricted stock units. The Form 4 lists this figure as the total beneficially owned following the transaction, all held directly according to the ownership coding in the filing.