Boulet Virginia 4

What Happened
Virginia Boulet, a director of W&T Offshore, had 103,448 restricted stock units (RSUs) that vested on June 3, 2026 and converted into 103,448 shares of common stock. The Form 4 also reports a new grant of 35,972 RSUs awarded the same day. No cash purchase or open‑market sale is reported — the transactions are conversion/vesting and an award of derivative securities. Prices on the filing are reported as N/A or $0.00, and no cash value is listed for these entries.

Key Details

• Transaction date(s): June 3, 2026 (Form 4 filed June 5, 2026 — appears timely).
• Reported activity: Conversion/vesting of 103,448 RSUs into 103,448 shares; grant/award of 35,972 RSUs.
• Prices: Acquisition/disposition lines show N/A or $0.00; no cash consideration reported.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: The 103,448 RSUs granted on June 3, 2025 vested on June 3, 2026 and were converted into 103,448 shares.
  • F2: Each RSU represents a contingent right to one share or a cash equivalent at settlement.
  • F3: The newly reported 35,972 RSUs vest on the earlier of June 3, 2027 or WTI’s next annual meeting, subject to conditions.
• Exhibit: Exhibit 24 (Power of Attorney) attached.

Context
RSU vesting and awards are compensation events (not open‑market purchases or sales). The conversion of RSUs into shares increases delivered shares via the compensation plan; the new 35,972 RSUs are a future contingent award with a vesting schedule. For retail investors, awards/vests signal standard executive/director compensation rather than an immediate market sentiment trade.