W&T Offshore CFO RSUs Vest, Shares Withheld for Tax
W&T Offshore EVP & CFO Sameer Parasnis reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
W&T Offshore EVP & CFO Sameer Parasnis reported routine equity compensation activity. On July 3, 2026, 22,685 restricted stock units granted on July 3, 2023 vested, converting into 22,685 shares of common stock as the final tranche of that grant. To cover tax obligations, 8,927 shares were disposed of through a tax-withholding transaction, rather than an open-market sale. Following these transactions, Parasnis holds 195,228 shares of W&T Offshore common stock directly.
Insider Trade Summary
22,685 shares exercised/converted
Exercise
3 txns
Insider
Parasnis Sameer
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 22,685 | $0.00 | $0.00 |
| Exercise | Common Stock | 22,685 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,927 | $3.09 | $28K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 195,228 shares (Direct)
Footnotes (2)
- F1. On July 3, 2026, the reporting person's 22,685 restricted stock units, which were granted on July 3, 2023, vested, and the reporting person received 22,685 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.
Key Figures
RSUs vested: 22,685 units
Shares from RSU vesting: 22,685 shares
Tax-withheld shares: 8,927 shares
+3 more
6 metrics
RSUs vested
22,685 units
Restricted stock units vested on July 3, 2026
Shares from RSU vesting
22,685 shares
Common stock received upon RSU vesting
Tax-withheld shares
8,927 shares
Disposed to cover tax or exercise liability
Shares held after transactions
204,155 shares
Direct common stock ownership after July 3, 2026 events
RSU-to-share ratio
1 unit : 1 share
Each restricted stock unit represents one share or cash equivalent
Final tranche vesting
1 tranche
Footnote states this vesting is the final tranche of the grant
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, contingent right, +1 more
5 terms
Restricted Stock Units financial
"On July 3, 2026, the reporting person's 22,685 restricted stock units, which were granted on July 3, 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
"transaction_action": "tax-withholding disposition""
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 security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock or its cash equivalent"
vesting financial
"Each grant of restricted stock units vests in three installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did W&T Offshore (WTI) report for CFO Sameer Parasnis?
W&T Offshore reported that EVP & CFO Sameer Parasnis had 22,685 restricted stock units vest into the same number of common shares. A portion of these shares was then disposed of to satisfy tax obligations associated with the vesting event.
How many W&T Offshore (WTI) restricted stock units vested for the CFO?
A total of 22,685 restricted stock units vested for EVP & CFO Sameer Parasnis. These units were originally granted on July 3, 2023 and converted into 22,685 shares of common stock upon vesting as the final tranche of that grant.
Were any W&T Offshore (WTI) derivative positions left after the CFO’s RSU vesting?
The Form 4 indicates that 22,685 restricted stock units were converted into common shares, and the derivative summary shows no remaining derivative positions. This suggests the reported RSU grant was fully settled with this final vesting tranche.
AI-generated analysis. How Rhea-AI works. Not financial advice.
