W&T Offshore (WTI) CEO Krohn logs RSU vesting, 52,304-share tax withholding
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 80,614 shares
Net Buy
4 txns
Insider
KROHN TRACY W
Role
Chairman, CEO & President
| 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 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 132,918 shares (Direct);
Common Stock — 1,425,593 shares (Direct);
Common Stock — 47,746,394 shares (Indirect, By Trusts)
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
RSUs vested and settled: 132,918 units/shares
Shares delivered/withheld: 52,304 shares
Per-share amount for withholding: $3.43 per share
+1 more
4 metrics
RSUs vested and settled
132,918 units/shares
Restricted stock units granted August 8, 2024 and vested August 8, 2026
Shares delivered/withheld
52,304 shares
Common shares delivered or withheld for exercise price or tax liability
Per-share amount for withholding
$3.43 per share
Price applied to 52,304 common shares delivered or withheld
Indirect trust holdings
47,746,394 shares
Common stock held indirectly by trusts with Krohn as beneficiary and trustee
Key Terms
Restricted Stock Units, contingent right, cash equivalent, dispositive power, +1 more
5 terms
Restricted Stock Units financial
"the reporting person's 132,918 restricted stock units, which were granted"
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"
cash equivalent financial
"one share of WTI common stock or its cash equivalent, as determined"
dispositive power financial
"trustee and exercises sole voting and dispositive power over the shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
indirect ownership financial
"Includes shares held by the Tracy William Krohn Living Trust"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did WTI insider Tracy W. Krohn report in this Form 4 transaction?
Tracy W. Krohn reported the vesting of 132,918 restricted stock units, which were settled into 132,918 shares of W&T Offshore common stock on August 8, 2026, as the second tranche of an August 8, 2024 grant.
When were the vested WTI restricted stock units originally granted to Krohn?
The 132,918 restricted stock units that vested on August 8, 2026, were originally granted on August 8, 2024, and this vesting represents the second tranche of that award.