Form 4: W&T Offshore EVP Sameer Parasnis Acquires 457,627 Restricted Stock Units

Sameer Parasnis, EVP & Chief Financial Officer of W&T Offshore Inc., reports the acquisition of 457,627 restricted stock units.

Summary

• On May 16, 2025, Sameer Parasnis, the EVP & Chief Financial Officer of W&T Offshore Inc. (WTI), acquired 457,627 restricted stock units.
• Each restricted stock unit represents a contingent right to receive one share of WTI common stock or its cash equivalent.
• The restricted stock units will vest in three equal installments: 1/3 on May 16, 2026, 1/3 on May 16, 2027, and 1/3 on May 16, 2028.
• Following the transaction, Mr. Parasnis directly owns 457,627 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of executive compensation. The vesting schedule is a positive sign of long-term alignment.

Positives

• The acquisition of restricted stock units by a key executive aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units as a positive sign, aligning executive interests with company performance.
• Employees may see this as a positive sign of the company investing in its leadership.

Key Dates

Keywords

W&T Offshore, WTI, Sameer Parasnis, restricted stock units, Form 4, executive compensation, beneficial ownership