Gamblin Huan 4

What Happened

• Gamblin Huan, EVP & Chief Technical Officer of W&T Offshore (WTI), had 152,542 restricted stock units (RSUs) vest on May 16, 2026 and received 152,542 shares of common stock.
• To cover tax withholding, 40,526 of those shares were surrendered at $4.75 per share (total withholding value $192,499). Net new shares added to Huan’s position: 112,016 shares.
• Transaction codes: M = exercise/conversion of a derivative (RSU settlement), F = payment of tax liability via share withholding.

Key Details

• Transaction date: May 16, 2026; Form 4 filed May 19, 2026 (filed within the usual 2-business-day window for Form 4s).
• Shares received (gross): 152,542; shares withheld for taxes: 40,526 at $4.75 = $192,499; net shares retained: 112,016.
• Footnotes: F1 clarifies the 152,542 RSUs were granted May 16, 2025 and vested as the first tranche on May 16, 2026. F2 notes each RSU equals the right to one share (or cash equivalent at settlement).
• No open-market sale reported beyond the tax withholding — the transaction is a vesting/settlement event, not a discretionary sale.

Context

• This was an RSU vesting and settlement into shares with routine tax withholding (a common, non-discretionary event). The M-code reflects conversion/settlement of the RSUs; the F-code reflects the share withholding to satisfy taxes. Such withholding is standard and does not by itself signal the insider’s view of the company.