Bart P. Hartman III - Jan 1, 2023 Form 4 Insider Report for W&T OFFSHORE INC (WTI)

Role: VP & Chief Accounting Officer
Signature: /s/ Jonathan Curth, as attorney-in-fact
Stock symbol: WTI
Transactions as of: Jan 1, 2023
Transactions value $: -$13,824
Form type: 4
Date filed: 1/4/2023, 05:59 PM
Previous filing: May 31, 2022
Next filing: Jun 7, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WTI	Common Stock	Options Exercise		+2.04K	+142.2%		3.48K	Jan 1, 2023	Direct	F1, F2
transaction	WTI	Common Stock	Tax liability	-$4.61K	-912	-26.22%	$5.06	2.57K	Jan 1, 2023	Direct
transaction	WTI	Common Stock	Options Exercise		+4.08K	+158.85%		6.64K	Jan 1, 2023	Direct	F2, F3
transaction	WTI	Common Stock	Tax liability	-$9.21K	-1.82K	-27.4%	$5.06	4.82K	Jan 1, 2023	Direct

Showing 1 to 4 of 4 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WTI	Restricted Stock Units	Options Exercise	$0	-2.04K	-50.01%	$0.00	2.04K	Jan 1, 2023	Common Stock	2.04K		Direct	F1, F2
transaction	WTI	Restricted Stock Units	Options Exercise	$0	-4.08K	-33.34%	$0.00	8.15K	Jan 1, 2023	Common Stock	4.08K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On January 1, 2023, reporting person's 2,042 restricted stock units, which were granted on June 28, 2021, vested, and the reporting person received 2,042 shares of common stock. This represents the vesting of the second tranche of the grant.
F2	Each restricted stock unit represents a contingent right to receive one share of common stock or its cash equivalent, as determined at the time of settlement by WTI. Each grant of restricted stock units vests in three installments.
F3	On January 1, 2023, reporting person's 4,076 restricted stock units, which were granted on May 26, 2022, vested, and the reporting person received 4,076 shares of common stock. This represents the vesting of the first tranche of the grant.

Remarks:

Exhibit 24 - Power of Attorney