Buchanan John D 4

What Happened

• John D. Buchanan, a director of W&T Offshore, had 103,448 restricted stock units (RSUs) vest on June 3, 2026; those RSUs converted into and delivered 103,448 shares of common stock. No cash was exchanged for the vested shares. On the same date he was granted an additional 35,972 RSUs (awarded at $0.00) that will vest in the future under the company’s schedule.

Key Details

• Transaction date(s): June 3, 2026 (reported on Form 4 filed June 5, 2026).
• Codes: M = exercise/conversion of a derivative (103,448 RSUs converted to shares); A = grant/award (35,972 new RSUs).
• Prices/values: Vesting/conversion resulted in shares delivered (no purchase price). New RSUs granted at $0.00 (standard awards — no cash paid).
• Shares owned after transaction: Not specified in the Form 4 provided.
• Notable footnotes:
  • F1: The 103,448 RSUs were granted June 3, 2025 and vested June 3, 2026, resulting in receipt of 103,448 shares.
  • F2: Each RSU represents a contingent right to one share or a cash equivalent at settlement.
  • F3: The newly granted RSUs (35,972) vest on the earlier of June 3, 2027 or the next annual meeting, subject to conditions.
• Filing timeliness: Form 4 filed June 5, 2026 for a June 3 transaction — appears timely (Form 4 is due within two business days).

Context

• This filing reflects vesting/award activity (conversion of RSUs into shares and a new RSU grant), not an open-market purchase or sale. RSU vesting delivers shares to the insider and does not by itself indicate buying or selling sentiment. The new RSUs remain subject to future vesting conditions and could convert to shares or cash per company policy.