Drilling Tools International updates insider tax filing
Drilling Tools International Corp Vice President of Sales Aldo Rodriguez amended a prior insider report to show that 7,561 shares of common stock were withheld on February 28, 2026 to cover taxes upon RSU vesting, leaving 128,426 directly held shares.
Rhea-AI Filing Summary
Drilling Tools International Corp Vice President of Sales Aldo Rodriguez amended a prior insider report to show that 7,561 shares of common stock were withheld on February 28, 2026 to cover taxes upon RSU vesting, leaving 128,426 directly held shares. Footnotes describe equity awards granted on February 27, 2026, including 21,430 restricted stock units vesting over three years and 64,291 performance stock units tied 100% to EBITDA-based targets, with payout opportunities ranging from 50% at threshold to 200% at maximum performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 7,561 shares
Exercise Price or Tax Liability
6 txns
Insider
Rodriguez Aldo
Role
Vice President of Sales
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 7,561 | $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 — 128,426 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 21,430 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 64,291 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: 7,561 shares
Shares held after transaction: 128,426 shares
RSUs granted under 2026 LTIP: 21,430 RSUs
+3 more
6 metrics
Shares withheld for taxes
7,561 shares
Common stock withheld on 2026-02-28 to pay tax on RSU vesting
Shares held after transaction
128,426 shares
Directly held common shares after the 2026-02-28 tax withholding
RSUs granted under 2026 LTIP
21,430 RSUs
Restricted stock units granted on February 27, 2026, vesting over three years
PSUs granted under 2026 LTIP
64,291 PSUs
Performance stock units granted on February 27, 2026, tied to EBITDA over three years
PSU payout at threshold
50%
Payout opportunity at threshold EBITDA performance for the 2026 PSU grant
PSU payout at maximum
200%
Payout opportunity at maximum EBITDA performance for the 2026 PSU grant
Key Terms
Restricted Stock Units, Performance Stock Units, 2023 Omnibus Incentive Plan, 2026 long-term incentive program, +1 more
5 terms
Restricted Stock Units financial
"On February 27, 2026, the reporting person was granted 21,430 RSUs"
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"
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.
2023 Omnibus Incentive Plan financial
"granted 21,430 RSUs under the Company’s 2023 Omnibus Incentive Plan"
2026 long-term incentive program financial
"pursuant to the 2026 long-term incentive program approved by the Board"
EBITDA financial
"PSUs are subject to the achievement of performance conditions based on EBITDA"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What correction did Drilling Tools International (DTI) make in Aldo Rodriguez’s Form 4/A?
The amendment corrects a prior report that said Rodriguez retained 25,500 shares after RSU vesting. It clarifies that 7,561 shares were withheld for taxes and updates his directly held common stock position to 128,426 shares following the transaction.
What RSU grant did Aldo Rodriguez receive under DTI’s 2026 long-term incentive program?
On February 27, 2026, Rodriguez was granted 21,430 restricted stock units under DTI’s 2026 long-term incentive program. Each RSU represents a contingent right to receive one share of common stock and vests in substantially equal installments over three years, subject to continued service.
What are the terms of the performance stock units granted to Aldo Rodriguez at DTI?
Rodriguez received 64,291 performance stock units on February 27, 2026. These PSUs are tied 100% to EBITDA performance over a three-year period, with annual resets, and offer a 50% payout opportunity at threshold performance and up to 200% at maximum performance.
What does the Form 4/A reveal about Aldo Rodriguez’s stock options at DTI?
Footnotes state that two-thirds of Rodriguez’s stock options vested over the first two anniversaries of their grant and the remaining one-third on February 14, 2024. As of this filing, all shares of common stock subject to these stock options are reported as fully vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
