Form 4: W&T Offshore CEO Tracy Krohn Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
W&T Offshore's CEO, Tracy Krohn, reports the vesting of restricted stock units and subsequent stock transactions.
Summary
- On January 1, 2025, Tracy Krohn, Chairman, CEO & President of W&T Offshore Inc., had 83,874 restricted stock units (RSUs) vest, resulting in the receipt of 83,874 shares of common stock.
- Krohn also disposed of 37,450 shares of common stock at a price of $1.66 per share.
- Following these transactions, Krohn directly owns 628,049 shares of common stock and indirectly owns 47,746,394 shares through various trusts.
- The RSUs were granted on May 26, 2022, and vested in three installments, with this being the final tranche.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of RSUs and subsequent sale of shares may have a minor impact on shareholders due to the increased number of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 05/26/2022 | Date the restricted stock units were granted. |
| 01/01/2025 | Date of RSU vesting and stock transactions. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
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