Form 4: W&T Offshore Director Nancy T. Chang Exercises Restricted Stock Units, Acquires Common Stock
SEC Form 4 Filing
Director Nancy T. Chang exercised restricted stock units to acquire shares of W&T Offshore common stock, according to a recent SEC filing.
Summary
- On June 17, 2024, Nancy T. Chang, a director of W&T Offshore Inc., exercised 38,760 restricted stock units, which had been granted on July 3, 2023.
- As a result, Ms. Chang received 38,760 shares of W&T Offshore common stock.
- Ms. Chang also holds 73,892 restricted stock units that will vest on the earlier of June 14, 2025, or the date of W&T Offshore's next annual shareholder meeting, subject to certain conditions.
- The filing also includes a Power of Attorney granted to Steven Lackey, authorizing him to execute various SEC forms on behalf of Ms. Chang.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting standard executive compensation practices. It doesn't inherently signal positive or negative sentiment.
Future Outlook
The document indicates that Nancy T. Chang holds additional restricted stock units that will vest in the future, subject to certain conditions.
Industry Context
This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency regarding the holdings and transactions of company directors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it slightly increases the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| July 3, 2023 | Date the reporting person was granted 38,760 restricted stock units. |
| June 14, 2024 | Date of grant of 73,892 Restricted Stock Units. |
| June 14, 2025 | Date when the remaining restricted stock units will vest, or the date of WTI's next annual shareholder meeting, subject to certain conditions. |
| June 17, 2024 | Date the reporting person's 38,760 restricted stock units vested, and the reporting person received 38,760 shares of common stock. |
| June 18, 2024 | Date of the Power of Attorney and date of the filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.