Form 4: W&T Offshore Executive Disposes of Shares for Tax Withholding
Insider Transaction Report
W&T Offshore's EVP, GC & Corporate Secretary, George Hittner, disposed of 2,687 shares of common stock at $1.69 per share to cover tax obligations related to restricted stock unit vesting.
Summary
- George Hittner, the Executive Vice President, General Counsel, and Corporate Secretary of W&T Offshore Inc. (WTI), reported a transaction.
- On July 1, 2025, Mr. Hittner disposed of 2,687 shares of W&T Offshore common stock.
- The disposition was made to the issuer at a price of $1.69 per share.
- This transaction was specifically for the purpose of withholding common stock to cover taxes related to the vesting of restricted stock units.
- Following this transaction, George Hittner beneficially owns 105,563 shares of W&T Offshore common stock.
- The restricted stock units vest in twelve equal installments on the first day of each month following their grant date.
Sentiment
Score: 5
Explanation: The transaction is a routine tax-related disposition of shares upon RSU vesting, which is a neutral event from an investment perspective, reflecting compensation realization rather than a discretionary sale.
Positives
- The transaction indicates the vesting of restricted stock units, which represents the realization of compensation for the executive.
Negatives
- Direct beneficial ownership of common stock decreased by 2,687 shares due to the tax withholding.
Future Outlook
Restricted stock units are scheduled to vest in twelve equal installments on the first day of each month following their grant date, indicating ongoing compensation realization for the executive.
Industry Context
This transaction is a routine insider filing related to executive compensation and tax obligations, common across all industries for publicly traded companies.
Related Party Transactions
- Disposition of 2,687 shares of common stock to the issuer (W&T Offshore Inc.) by George Hittner to satisfy tax withholding obligations related to restricted stock unit vesting.
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine tax-related transaction.
- The executive benefits from the realization of compensation.
Next Steps
- Ongoing vesting of remaining restricted stock units in twelve equal monthly installments.
Key Dates
| Date | Description |
|---|---|
| 07/01/2025 | Date of the reported transaction where common stock was disposed for tax withholding. |
| 07/02/2025 | Date the Form 4 filing was signed by the reporting person's attorney-in-fact. |
Keywords
W&T Offshore, WTI, Form 4, insider transaction, stock disposition, tax withholding, restricted stock units, RSU, executive compensation
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