CHANG NANCY T 4

What Happened

• Nancy T. Chang, a director of W&T Offshore, had 103,448 restricted stock units (RSUs that were granted June 3, 2025) vest on June 3, 2026 and received 103,448 shares of common stock. The filing also shows a contemporaneous grant of 35,972 RSUs (no cash paid). A matching line shows a $0 disposition of 103,448 shares in the filing (see notes below).

Key Details

• Transaction date: June 3, 2026; Form 4 filed June 5, 2026 (timely within two business days).
• Vested/received: 103,448 shares (from RSUs granted 6/3/2025). Grant: 35,972 RSUs @ $0.00.
• Disposition: 103,448 shares reported as disposed at $0.00 in the filing (filing does not explicitly state the reason).
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• Footnotes:
  • F1: The 103,448 RSUs granted 6/3/2025 vested 6/3/2026 and were settled in shares.
  • F2: Each RSU represents a contingent right to one share (or cash equivalent at settlement).
  • F3: The newly granted 35,972 RSUs will vest on the earlier of June 3, 2027 or WTI’s next annual meeting, subject to conditions.
• No indication this filing reflects a 10% owner or a 10b5-1 plan.

Context

• RSUs are a form of equity compensation; vesting and settlement in shares is a common, routine corporate compensation event rather than an open-market purchase or sale. The $0.00 disposition line is commonly used in filings when shares are withheld (for taxes or similar), but the filing here does not explicitly state the reason. The 35,972 RSUs are a new award and remain subject to future vesting conditions.