Conwill Daniel O. IV 4

What Happened

• Daniel O. Conwill IV, a director of W&T Offshore (WTI), had 103,448 restricted stock units (RSUs) vest on June 3, 2026; those RSUs were converted into 103,448 shares of common stock (no cash exchanged). On the same date he was also granted 35,972 RSUs (recorded as a $0.00 award).
• These transactions are compensation-related awards/settlements, not open-market buys or sales. The filing shows $0 consideration for the award and the conversion/settlement.

Key Details

• Transaction date: June 3, 2026; Form 4 filed June 5, 2026 (timely filing).
• Vesting/conversion: 103,448 RSUs vested and were converted to 103,448 shares (reported as derivative exercise/conversion).
• New award: 35,972 RSUs granted on June 3, 2026 (reported as an award/grant, $0.00).
• Footnotes:
  • F1: The 103,448 RSUs were originally granted on June 3, 2025 and vested on June 3, 2026, resulting in the 103,448 shares received.
  • F2: Each RSU represents a contingent right to one share (or cash equivalent at settlement).
  • F3: The newly granted 35,972 RSUs generally vest on the earlier of June 3, 2027 or the date of WTI’s next annual meeting, subject to conditions.
• Shares owned after the transactions are not specified in the provided summary of the filing.
• Exhibit 24 (Power of Attorney) is included in the filing.

Context

• This was a vesting/award transaction (company compensation) rather than a purchase or sale in the open market. The reported disposal entry at $0 reflects settlement/conversion of the derivative RSUs into shares, not a market sale for proceeds.
• Compensation-related grants and vestings are routine for insiders and do not by themselves indicate the insider’s market view.