Form 4: W&T Offshore Executive George Hittner Reports Stock Disposal for Tax Obligations

George Hittner, EVP, GC and Corporate Secretary of W&T Offshore, disposed of 2,689 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On May 1, 2025, George Hittner, EVP, GC and Corporate Secretary of W&T Offshore Inc., disposed of 2,689 shares of common stock.
• The disposal was to cover tax obligations related to restricted stock units.
• The price per share was $1.16.
• Following the transaction, Hittner directly owns 110,937 shares of W&T Offshore Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by a company executive. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like George Hittner, trade their company's stock. These filings provide transparency into the transactions of company executives and directors, allowing investors to monitor insider activity.

Stakeholder Impact

• The disposal of shares by an executive could be perceived negatively by shareholders if it's misinterpreted as a lack of confidence in the company, but in this case, it's clearly stated that the disposal was to cover tax obligations.

Key Dates

Keywords

Form 4, W&T Offshore, George Hittner, Stock Disposal, Tax Obligations, Executive Compensation, WTI