Gamblin Huan 4

What Happened

• Gamblin Huan, Executive Vice President & Chief Technical Officer of W&T Offshore (WTI), was granted 220,409 restricted stock units (RSUs) on 2026-05-29. The Form 4 reports the transaction as an award/acquisition (code A) of a derivative instrument with a reported price of $0.00 and a reported value of $0. Each RSU represents a contingent right to receive one share of WTI common stock or its cash equivalent at settlement (see footnote F1). This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-29; Filing date (Form 4): 2026-06-02.
• Transaction type/code: Grant/Award (A); 220,409 RSUs; reported price $0.00 and reported value $0.
• Vesting: 1/3 on May 29, 2027; 1/3 on May 29, 2028; 1/3 on May 29, 2029 (footnote F2).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 explains RSUs convert to one share or cash at settlement; F2 gives the vesting schedule. Exhibit 24 (Power of Attorney) is attached.
• Timeliness: filing shows transaction date 2026-05-29 and Form 4 filed 2026-06-02 (the filing itself does not state a late-report flag).

Context

• RSU grants are common executive compensation and do not by themselves indicate buying or selling sentiment; value realized depends on future vesting and settlement. Because these are derivative awards (RSUs), they convert to shares or cash later according to the vesting schedule rather than reflecting an immediate cash transaction.