W&T Offshore EVP Gamblin Huan Receives 8,312 Share Award
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W&T Offshore EVP Gamblin Huan Receives 8,312 Share Award
What Happened
Gamblin Huan, Executive Vice President & Chief Technical Officer of W&T Offshore (WTI), had 8,312 restricted stock units (RSUs) vest on August 8, 2026 (second tranche of a grant made Aug 8, 2024). Those RSUs converted into 8,312 shares of common stock. To satisfy tax withholding, 3,271 shares were withheld at $3.43 per share (cash value reported $11,220), leaving a net issuance of 5,041 shares to Mr. Huan. This was a vesting/settlement of an award, not an open-market purchase or voluntary sale.
Key Details
- Transaction date: August 8, 2026.
- Actions reported: conversion/settlement of 8,312 RSUs into 8,312 shares (code M); 3,271 shares withheld for taxes at $3.43 per share, value ~$11,220 (code F).
- Net shares delivered to insider: 8,312 − 3,271 = 5,041 shares.
- Footnotes: F1 — these 8,312 RSUs vested and represent the second tranche of the Aug 8, 2024 grant; F2 — each RSU equals a contingent right to one share (or cash equivalent, determined at settlement).
- Filing timeliness: no indication in the filing of a late report.
Context: This was a routine RSU vesting and tax-withholding event (common for equity-compensated insiders). The withholding to cover taxes is not a market sale signaling sentiment; it’s a standard settlement mechanism for RSUs.