W&T Offshore (WTI) VP Bart P. Hartman III Receives 7,425 RSU Award

What Happened
Bart P. Hartman III, Vice President & Chief Accounting Officer of W&T Offshore (WTI), had 7,425 restricted stock units (RSUs) vest on August 8, 2026. The RSUs converted into 7,425 shares of common stock (transaction code M). To cover tax withholding, 2,922 shares were surrendered at $3.43 per share for total withholding of $10,022 (transaction code F), leaving a net delivery of 4,503 shares to Hartman. Based on the $3.43 per-share figure used for withholding, the vested shares were worth roughly $25,468 and the net shares about $15,445.

Key Details

• Transaction date: August 8, 2026; Form 4 filed August 11, 2026. (Form 4 is generally due within two business days — this filing was three calendar days after the transaction; verify timeliness against business-day rules.)
• Actions reported: M = conversion/exercise of a derivative (7,425 RSUs → 7,425 shares); F = tax withholding (2,922 shares surrendered at $3.43, $10,022).
• Net shares received: 4,503 shares (7,425 vested − 2,922 withheld).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 notes these 7,425 RSUs vested and were the second tranche of the grant; F2 clarifies each RSU equals a contingent right to one share (or cash equivalent) and grants vest in three installments.

Context

• This was an award/vesting event, not an open-market purchase or voluntary sale. The withholding of shares to cover taxes is routine (a “sell-to-cover” style tax withholding) and does not necessarily signal a change in the insider’s view of the company.
• Transaction codes: M indicates conversion of a derivative (here, RSUs settling into shares); F indicates shares surrendered to satisfy tax obligations.