Hartman Bart P. III 4
Research Summary
AI-generated summary
W&T Offshore (WTI) VP Bart Hartman Receives RSU Award
What Happened
- Bart P. Hartman III, Vice President & Chief Accounting Officer of W&T Offshore (WTI), had 5,959 restricted stock units (RSUs) vest on June 5, 2026. The RSUs converted into 5,959 shares of common stock (no exercise price). To cover tax withholding, 2,345 shares were surrendered at $3.70/share for a withholding value of $8,677. Net new shares received by Hartman from this vesting: 3,614.
Key Details
- Transaction date: June 5, 2026 (reported on Form 4 filed June 9, 2026) — filing appears timely.
- Reported codes: M = conversion/exercise of derivative (RSU → shares); F = payment of tax liability via share withholding.
- Shares converted: 5,959 RSUs vested and settled into 5,959 shares.
- Shares withheld for taxes: 2,345 shares at $3.70 each = $8,677.
- Net shares delivered to insider after withholding: 3,614 shares.
- Footnotes: These 5,959 RSUs were the final tranche of a grant made on June 5, 2023; each RSU represents a contingent right to one share (or cash equivalent at settlement).
Context
- This was a routine RSU vesting and tax-withholding event (receipt of award), not an open-market buy or sell. Tax withholding via share surrender is common and does not by itself indicate insider sentiment.