W&T Offshore CFO Sameer Parasnis Receives 56,075 Shares

What Happened
Sameer Parasnis, Chief Financial Officer of W&T Offshore (WTI), had 56,075 restricted stock units (RSUs) vest on August 8, 2026 and received 56,075 shares of common stock. To satisfy tax withholding, 22,066 of those shares were surrendered at $3.43 per share for total tax withholding of $75,686, leaving a net 34,009 shares issued to him. This was a vesting of a compensation award (routine), not an open-market buy or sell.

Key Details

• Transaction date: August 8, 2026; Form filed August 11, 2026 reporting the Aug 8 transactions.
• Primary activity: RSU vesting (derivative conversion) of 56,075 units into 56,075 shares.
• Tax withholding: 22,066 shares withheld at $3.43 per share = $75,686. Net shares received = 34,009.
• Transaction codes: M = conversion/exercise of derivative (RSU settlement); F = shares surrendered for tax withholding.
• Shares owned after the transaction: Not specified in the information provided in the filing.
• Footnotes: F1 confirms the 56,075 RSUs were the second tranche of a grant that vested on Aug 8, 2026; F2 notes each RSU converts to one share and the grant vests in three installments.

Context

• This is a routine compensation vesting event (award settlement) rather than an insider purchase or market sale; the only "disposition" was the company withholding shares to cover taxes.
• For retail investors, award vesting is common and typically reflects contractual compensation, not a direct signal of the insider’s view on the stock.