Drilling Tools International corrects insider share report
Drilling Tools International Corp executive Michael Wayne Domino Jr., President of the DTR Division, amended a prior insider report to correct his post-vesting share count.
Rhea-AI Filing Summary
Drilling Tools International Corp executive Michael Wayne Domino Jr., President of the DTR Division, amended a prior insider report to correct his post-vesting share count. Following restricted stock unit vesting on 2026-02-28, 7,495 shares of common stock were withheld by the company to cover tax obligations, and his direct holdings total 1,432,089 common shares after this disposition. The amendment notes that an earlier filing had incorrectly indicated he retained 25,277 shares. Domino also holds equity awards granted on 2026-02-27 under the 2026 long-term incentive program, including 22,859 RSUs and 68,577 PSUs tied to EBITDA-based performance over a three-year period.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 7,495 shares
Exercise Price or Tax Liability
6 txns
Insider
Domino Michael Wayne Jr.
Role
President, DTR Division
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 7,495 | $0.00 | $0.00 |
| holding | Restricted Stock Units F1, F2 | -- | -- | -- |
| holding | Restricted Stock Units F1, F3 | -- | -- | -- |
| holding | Performance Stock Units F4, F5 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F6 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F7 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,432,089 shares (Direct);
Restricted Stock Units — 0 contracts (Direct);
Performance Stock Units — 0 contracts (Direct);
Stock Option (Right to Buy) — 0 contracts (Direct)
Footnotes (7)
- F1. Each RSU represents a contingent right to receive one share of the Company common stock.
- F2. The RSUs vest in substantially equal installments on each of the first four (4) anniversaries of the grant date, February 28, 2025.
- F3. On February 27, 2026, the reporting person was granted 22,859 RSUs under the Company's 2023 Omnibus Incentive Plan, as may be amended from time to time (the "Plan"), pursuant to the 2026 long-term incentive program approved by the Board of Directors (the "2026 LTIP"). The RSUs vest in substantially equal installments on each of the first three (3) anniversaries of the grant date, subject to continued service.
- F4. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Company's common stock.
- F5. On February 27, 2026, the reporting person was granted 68,577 PSUs under the Plan, pursuant to the 2026 LTIP. The PSUs are subject to the achievement of performance conditions based on EBITDA, weighted at 100%, with annual reset over a three-year performance vesting period. Achievement at threshold results in a 50% payout opportunity, while achievement at maximum results in a 200% payout opportunity.
- F6. Two-thirds (2/3) of the stock options have vested in substantially equal installments on each of the first two (2) anniversaries of the grant date, with the remaining one-third (1/3) scheduled to vest on the third (3rd) anniversary of the grant date, February 14, 2024.
- F7. All shares of common stock subject to the stock options are vested.
Key Figures
Shares withheld for taxes: 7,495 shares of Common Stock
Direct common shares after transaction: 1,432,089 shares
2026 RSU grant size: 22,859 RSUs
+3 more
6 metrics
Shares withheld for taxes
7,495 shares of Common Stock
Code F disposition on 2026-02-28 to pay tax liability on vested RSUs
Direct common shares after transaction
1,432,089 shares
Direct holdings of Michael Wayne Domino Jr. following 2026-02-28 withholding
2026 RSU grant size
22,859 RSUs
Granted on February 27, 2026 under the 2023 Omnibus Incentive Plan pursuant to the 2026 LTIP
2026 PSU grant size
68,577 PSUs
Granted on February 27, 2026 under the 2026 LTIP with EBITDA-based performance conditions
PSU threshold payout
50% payout opportunity
Payout at threshold EBITDA performance for 68,577 PSUs granted on February 27, 2026
PSU maximum payout
200% payout opportunity
Payout at maximum EBITDA performance for 68,577 PSUs over three-year vesting period
Key Terms
Restricted Stock Units, Performance Stock Units, 2026 long-term incentive program, EBITDA, +1 more
5 terms
Restricted Stock Units financial
"Each RSU represents a contingent right to receive one share of the Company common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Units financial
"Each performance stock unit ("PSU") represents a contingent right to receive one share"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
2026 long-term incentive program financial
"pursuant to the 2026 long-term incentive program approved by the Board of Directors"
EBITDA financial
"The PSUs are subject to the achievement of performance conditions based on EBITDA, weighted at 100%"
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
2023 Omnibus Incentive Plan financial
"granted 22,859 RSUs under the Company's 2023 Omnibus Incentive Plan, as may be amended"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Drilling Tools International (DTI) report in this amended Form 4?
The amendment reports that 7,495 shares of Drilling Tools International common stock were withheld on 2026-02-28 to cover tax obligations arising from vested RSUs, updating a prior filing that overstated the shares retained by executive Michael Wayne Domino Jr.
What RSU awards did Michael Wayne Domino Jr. receive from DTI under the 2026 LTIP?
On 2026-02-27, Michael Wayne Domino Jr. was granted 22,859 restricted stock units (RSUs) under Drilling Tools International’s 2023 Omnibus Incentive Plan, pursuant to the 2026 long-term incentive program, vesting in substantially equal installments over three years.
How are DTI’s 2026 PSU awards to Michael Wayne Domino Jr. structured?
On 2026-02-27, he received 68,577 performance stock units (PSUs) tied 100% to EBITDA performance over a three-year period. Threshold performance yields a 50% payout opportunity, while maximum performance can result in a 200% payout opportunity in shares.
What earlier error is being corrected by DTI in this Form 4/A for ticker DTI?
The prior Form 4 had stated Michael Wayne Domino Jr. retained 25,277 shares after RSU vesting. This amendment clarifies that 7,495 of those shares were actually withheld by Drilling Tools International to pay taxes, revising his reported retained holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
