W&T Offshore CEO reports RSU vesting and share withholding
W&T Offshore Inc. Chairman, CEO and President Tracy W. Krohn reported the vesting and settlement of 132,918 restricted stock units on August 8, 2026.
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Rhea-AI Filing Summary
W&T Offshore Inc. Chairman, CEO and President Tracy W. Krohn reported the vesting and settlement of 132,918 restricted stock units on August 8, 2026. The units, granted on August 8, 2024, vested as the second tranche and were settled in 132,918 shares of common stock. Of these, 52,304 shares of common stock were delivered or withheld at $3.43 per share to cover the exercise price or tax liability. Krohn also reports 47,746,394 shares of common stock held indirectly by trusts for which he serves as beneficiary and trustee with sole voting and dispositive power.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F1 | 132,918 | $0.00 | $0.00 |
| Exercise | Common Stock F2, F1 | 132,918 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 52,304 | $3.43 | $179K |
| holding | Common Stock F3 | -- | -- | -- |
Footnotes (3)
- F1. On August 8, 2026, the reporting person's 132,918 restricted stock units, which were granted on August 8, 2024, vested, and the reporting person received 132,918 shares of common stock. This represents the vesting of the second tranche of the grant.
- F2. 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.
- 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
contingent right financial
cash equivalent financial
dispositive power financial
indirect ownership financial
FAQ
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What did WTI insider Tracy W. Krohn report in this Form 4 transaction?
When were the vested WTI restricted stock units originally granted to Krohn?
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