Parasnis Sameer 4

What Happened

• Sameer Parasnis, Chief Financial Officer of W&T Offshore (WTI), had 22,685 restricted stock units (RSUs) vest on July 3, 2026. The RSUs converted into 22,685 shares of common stock. To satisfy tax withholding, 8,927 of those shares were surrendered at $3.09 per share, yielding $27,584 in tax withholding. The net shares delivered to Parasnis were approximately 13,758 (22,685 − 8,927).
• This was a scheduled vesting of an award (final tranche of a 2023 RSU grant), not an open-market purchase or sale of shares.

Key Details

• Transaction date: July 3, 2026 (filing date: July 7, 2026).
• Vesting/Conversion: 22,685 RSUs converted into 22,685 shares (derivative code M).
• Tax withholding: 8,927 shares withheld/disposed at $3.09/share = $27,584 (code F).
• Net shares delivered to insider: ~13,758 shares.
• Footnotes: The RSUs were granted on July 3, 2023 and vested in three installments; this action was the final tranche. Each RSU equals a contingent right to one share or cash at settlement.
• Shares owned after the transaction: not specified in the filing.

Context

• This transaction reflects routine equity compensation settlement (RSU vesting) rather than a market trade expressing buy/sell sentiment. The withholding of shares to cover taxes is a common practice and should not be read as a separate sale decision beyond fulfilling tax obligations.
• Transaction codes: M indicates conversion/exercise of a derivative (RSU settlement); F indicates shares surrendered for tax withholding.