W&T Offshore (NYSE: WTI) grants 220,409 RSUs to EVP & CTO Huan Gamblin
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gamblin Huan reported acquisition or exercise transactions in this Form 4 filing.
W&T Offshore EVP & Chief Technical Officer Huan Gamblin received a grant of 220,409 restricted stock units (RSUs). The award was made on May 29, 2026 and represents equity-based compensation, not an open-market stock purchase.
Each RSU is a contingent right to receive one share of W&T Offshore common stock or its cash equivalent, as determined at settlement. The RSUs vest in three equal installments: one-third on May 29, 2027, one-third on May 29, 2028, and one-third on May 29, 2029. Following this award, Gamblin directly holds 220,409 RSUs linked to common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gamblin Huan
Role
EVP & Chief Technical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 220,409 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 220,409 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: 220,409 units
Vesting tranche 1: 1/3 of 220,409 units
Vesting tranche 2: 1/3 of 220,409 units
+1 more
4 metrics
RSUs granted
220,409 units
Restricted stock units awarded on May 29, 2026
Vesting tranche 1
1/3 of 220,409 units
Vests on May 29, 2027
Vesting tranche 2
1/3 of 220,409 units
Vests on May 29, 2028
Vesting tranche 3
1/3 of 220,409 units
Vests on May 29, 2029
Key Terms
Restricted Stock Units, contingent right, cash equivalent, vest
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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
"represents a contingent right to receive one share of WTI common stock"
cash equivalent financial
"one share of WTI common stock or its cash equivalent, as determined at the time of settlement"
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.
FAQ
What insider transaction did W&T Offshore (WTI) report for Huan Gamblin?
W&T Offshore reported an equity compensation grant to EVP & Chief Technical Officer Huan Gamblin. He received 220,409 restricted stock units on May 29, 2026, increasing his direct derivative holdings to 220,409 RSUs tied to the company’s common stock.
How many restricted stock units did Huan Gamblin receive from W&T Offshore (WTI)?
Huan Gamblin was granted 220,409 restricted stock units. These RSUs are derivative securities that entitle him to receive W&T Offshore common stock or cash on settlement, subject to a multi-year vesting schedule through May 2029.
What is the vesting schedule for Huan Gamblin’s W&T Offshore (WTI) RSU grant?
The 220,409 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 retention and incentive structure.
Does Huan Gamblin’s RSU grant from W&T Offshore (WTI) involve a purchase price?
The RSU grant carries no purchase price; the transaction price per unit is listed as $0.0000. As compensation, RSUs are awarded rather than bought, and may settle in shares of common stock or cash at the company’s discretion.
What does each W&T Offshore (WTI) restricted stock unit granted to Huan Gamblin represent?
Each restricted stock unit represents a contingent right to receive one share of W&T Offshore common stock or its cash equivalent. The actual form of settlement is determined by the company at the time the RSUs vest and settle.