Form 4: W&T Offshore Executive George Hittner Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
George Hittner, EVP, GC and Corporate Secretary of W&T Offshore, disposed of 3,272 shares of common stock on February 1, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On February 1, 2025, George Hittner, an executive at W&T Offshore Inc., reported a transaction involving the disposal of 3,272 shares of common stock.
- The shares were disposed of to cover tax obligations related to restricted stock units.
- Following the transaction, Hittner directly owns 120,170 shares of W&T Offshore common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders engage in transactions involving their company's stock. This provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes and does not indicate a change in the executive's overall confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of the stock disposal transaction. |
| 02/04/2025 | Date of the signature on the Form 4 filing. |
Keywords
Form 4, W&T Offshore, George Hittner, Stock Disposal, Tax Obligations, Restricted Stock Units, Beneficial Ownership, WTI
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