Form 4: W&T Offshore Executive Bart P. Hartman III Reports Acquisition of Restricted Stock Units

Bart P. Hartman III, VP & Chief Accounting Officer of W&T Offshore, reports the acquisition of 22,274 restricted stock units.

Summary

• On August 8, 2024, Bart P. Hartman III, VP & Chief Accounting Officer of W&T Offshore Inc. (WTI), acquired 22,274 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 August 8, 2025, 1/3 on August 8, 2026, and 1/3 on August 8, 2027.
• Following the transaction, Hartman directly owns 22,274 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard disclosure of stock unit acquisition. The vesting schedule suggests a long-term commitment from the executive.

Positives

• The acquisition of restricted stock units by a company executive can be seen as a positive sign, aligning the executive's interests with those of the shareholders.

Future Outlook

The vesting schedule of the restricted stock units extends to August 8, 2027, indicating a long-term incentive for the executive.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in the beneficial ownership of W&T Offshore securities by one of its executives.

Stakeholder Impact

• The acquisition of restricted stock units by a company executive can align the executive's interests with those of the shareholders, potentially leading to better company performance.

Key Dates