W&T OFFSHORE INC — Director's Dealing 2023

Jan 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: W&T OFFSHORE INC (WTI)
CIK: 0001288403
Period of Report: 2023-01-01

Reporting Person: KROHN TRACY W (Director, Chairman, CEO & President, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-01	Common Stock	M	73863	—	Acquired	333226	Direct
2023-01-01	Common Stock	F	19593	$5.06	Disposed	313633	Direct
2023-01-01	Common Stock	M	83874	—	Acquired	397507	Direct
2023-01-01	Common Stock	F	20424	$5.06	Disposed	377083	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-01	Restricted Stock Units	$	M	73863	Disposed		Common Stock (73863)	Direct
2023-01-01	Restricted Stock Units	$	M	83874	Disposed		Common Stock (83874)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	47746394	Indirect

Footnotes

F1: On January 1, 2023, reporting person's 73,863 restricted stock units, which were granted on June 28, 2021, vested, and the reporting person received 73,863 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 83,874 restricted stock units, which were granted on May 26, 2022, vested, and the reporting person received 83,874 shares of common stock. This represents the vesting of the first tranche of the grant.

F4: 47,746,394 shares of common stock held by trusts of which the reporting person is the beneficiary and trustee were previously reported as being directly held.

F5: Includes shares held by the Tracy William Krohn Living Trust, the Tracy William Krohn 2008 JFF Trust and the Tracy William Krohn Exempt AKF Descendant's Trust. The reporting person is the beneficiary and trustee and exercises sole voting and dispositive power over the shares held by these trusts.