Parasnis Sameer 4

What Happened

• Sameer Parasnis, CFO of W&T Offshore (WTI), had 152,542 restricted stock units (RSUs) vest on May 16, 2026. The RSUs converted into 152,542 shares of common stock. To satisfy tax withholding, 44,410 shares were surrendered at $4.75 per share for $210,948, leaving a net delivery of 108,132 shares to Parasnis. This is an award/vesting event (not an open-market purchase or voluntary sale).

Key Details

• Transaction date: May 16, 2026 (filed May 19, 2026). Filing appears timely.
• Vesting: 152,542 RSUs converted to 152,542 shares (transaction code M for conversion/exercise).
• Tax withholding: 44,410 shares withheld/disposed at $4.75/share for $210,948 (transaction code F).
• Net shares received by insider: 108,132 shares (152,542 − 44,410).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: RSUs were granted May 16, 2025 and vest in three installments; each RSU represents the right to one share (or cash equivalent as determined at settlement).

Context

• This was routine RSU vesting; the withholding of shares to cover taxes is a common administrative step (sometimes called a cashless/stock-withholding settlement) and does not necessarily indicate insider sentiment about the stock.
• Transaction codes: M = exercise/conversion of a derivative (here, RSU settlement); F = shares surrendered/withheld for tax payment.