W&T Offshore (WTI) CFO Sameer Parasnis Receives RSU Award

What Happened

• Sameer Parasnis, Chief Financial Officer of W&T Offshore (WTI), was granted 220,409 restricted stock units (RSUs) on 2026-05-29. The Form 4 reports this as a derivative award with a reported acquisition price of $0.00 (no cash exchanged at grant).

Key Details

• Transaction date: 2026-05-29; Form 4 filed: 2026-06-02 (timely filing).
• Award: 220,409 RSUs; reported price/value at grant: $0.00 (derivative).
• Vesting: 1/3 vests on May 29 of 2027, 2028 and 2029 (per filing footnote).
• Settlement: Each RSU represents a contingent right to one share of WTI common stock or a cash equivalent, determined at settlement (footnote).
• Shares owned after transaction: not specified in the filing.
• Remark: Exhibit 24 (Power of Attorney) included with the filing.

Context

• This was a compensation award (RSUs), not an open-market purchase or sale. RSUs convert to shares (or cash) only upon vesting per the schedule, so this grant does not represent an immediate change in share ownership or a direct market sale. Compensation grants are routine for executives and do not, by themselves, indicate intent to buy or sell shares.