Form 4: W&T Offshore EVP William Williford Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
William Williford, EVP & Chief Operating Officer of W&T Offshore, reports the acquisition of 457,627 restricted stock units.
Summary
- On May 16, 2025, William J Williford, EVP & Chief Operating Officer of W&T Offshore Inc. (WTI), acquired 457,627 restricted stock units (RSUs).
- Each RSU represents a contingent right to receive one share of WTI common stock or its cash equivalent.
- The RSUs 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, Williford directly owns 457,627 derivative securities.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing regarding executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Positives
- The grant of restricted stock units to a key executive aligns their interests with those of the shareholders, incentivizing long-term performance.
Future Outlook
The vesting schedule of the restricted stock units suggests a focus on long-term value creation for W&T Offshore.
Industry Context
Grants of restricted stock units are a common form of executive compensation in the oil and gas industry, aligning management's interests with shareholder value.
Comparison to Industry Standards
- Executive compensation packages in the oil and gas industry often include a mix of salary, bonus, and equity-based awards like restricted stock units.
- Companies such as Apache, EOG Resources, and Occidental Petroleum also utilize RSUs as part of their executive compensation plans.
- The vesting schedules and amounts of RSUs vary depending on the company's size, performance, and industry benchmarks.
Stakeholder Impact
- The grant of RSUs to a key executive can positively impact shareholders by aligning management's interests with long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 05/16/2025 | Date of transaction: William Williford acquired 457,627 restricted stock units. |
| 05/16/2026 | First vesting date: 1/3 of the restricted stock units will vest. |
| 05/16/2027 | Second vesting date: 1/3 of the restricted stock units will vest. |
| 05/16/2028 | Final vesting date: 1/3 of the restricted stock units will vest. |
| 05/20/2025 | Date of Form 4 filing. |
Keywords
W&T Offshore, WTI, William Williford, restricted stock units, RSU, Form 4, executive compensation, insider transaction
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