Form 4: W&T Offshore EVP William Williford Vests Restricted Stock Units, Receives Shares

William Williford, EVP & Chief Operating Officer of W&T Offshore, vested 45,000 restricted stock units and received an equivalent number of common shares on June 5, 2024.

Summary

• On June 5, 2024, William J. Williford, EVP & Chief Operating Officer of W&T Offshore Inc., vested 45,000 restricted stock units.
• As a result of the vesting, Williford received 45,000 shares of W&T Offshore common stock.
• The vesting represents the first tranche of restricted stock units granted on June 5, 2023.
• Following the transaction, Williford directly owns 197,198 shares of W&T Offshore common stock.
• A portion of the shares were disposed of to cover tax obligations at a price of $2.14 per share.
• Williford has granted Steven Lackey power of attorney for SEC filings related to W&T Offshore securities.

Sentiment

Score: 6

Explanation: The document reflects a routine executive compensation event. It's neutral in sentiment as it simply reports a scheduled vesting of stock units.

Positives

• The vesting of restricted stock units aligns executive compensation with company performance.
• Williford's increased equity ownership demonstrates confidence in W&T Offshore's future prospects.

Future Outlook

The document does not contain specific forward-looking statements regarding W&T Offshore's future performance.

Industry Context

Executive compensation through stock grants is a common practice in the oil and gas industry to align management interests with shareholder value.

Stakeholder Impact

• The vesting of stock units may have a minor dilutive effect on existing shareholders.
• The transaction reflects ongoing executive compensation arrangements.

Key Dates