Drilling Tools International (DTI) amends VP stock tax withholding
Rhea-AI Filing Summary
Drilling Tools International Corp vice president Pope Trent corrected an earlier ownership report. Following RSU vesting on February 28, 2026, 4,448 shares of common stock were withheld by the company to pay taxes, leaving 10,552 shares held directly, instead of the 15,000 shares previously reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,448 shares
Net Sell
5 txns
Insider
Pope Trent
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,448 | $0.00 | $0.00 |
| holding | Restricted Stock Units F1, F2 | -- | -- | -- |
| holding | Restricted Stock Units F1, F2 | -- | -- | -- |
| holding | Performance Stock Units F3, F4 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,552 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
Performance Stock Units — 0 shares (Direct);
Stock Option (Right to Buy) — 0 shares (Direct)
Footnotes (5)
- F1. Each RSU represents a contingent right to receive one share of the Company common stock.
- F2. On February 27, 2026, the reporting person was granted 22,502 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.
- F3. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Company's common stock.
- F4. On February 27, 2026, the reporting person was granted 67,505 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.
- F5. 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.
Key Figures
Shares withheld for taxes: 4,448 shares
Shares held after transaction: 10,552 shares
RSUs granted: 22,502 RSUs
+4 more
7 metrics
Shares withheld for taxes
4,448 shares
Common stock withheld on February 28, 2026 for RSU-related tax liability (code F)
Shares held after transaction
10,552 shares
Direct common stock holdings following tax withholding disposition on February 28, 2026
RSUs granted
22,502 RSUs
Restricted stock units granted February 27, 2026 under 2023 Omnibus Incentive Plan
PSUs granted
67,505 PSUs
Performance stock units granted February 27, 2026 under 2026 long-term incentive program
PSU threshold payout
50%
Payout opportunity at threshold EBITDA performance for PSU award
PSU maximum payout
200%
Payout opportunity at maximum EBITDA performance for PSU award
Option vesting completed
February 14, 2024
Remaining one-third of stock options scheduled to vest on third anniversary of grant
Key Terms
Restricted Stock Units, Performance Stock Units, 2023 Omnibus Incentive Plan, 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.
2023 Omnibus Incentive Plan financial
"granted 22,502 RSUs under the Company's 2023 Omnibus Incentive Plan, as may be amended"
EBITDA financial
"The PSUs are subject to the achievement of performance conditions based on EBITDA, weighted"
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.
long-term incentive program financial
"pursuant to the 2026 long-term incentive program approved by the Board of Directors"
A long-term incentive program is a company plan that pays executives or employees rewards—often stock, options, or cash—only if the business hits performance goals over several years. It matters to investors because these payouts align managers’ interests with shareholders, encouraging decisions that boost sustained growth and share value rather than short-term gains; think of it as a multi-year bonus tied to measurable company outcomes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What change is disclosed in Drilling Tools International (DTI) VP Pope Trent’s Form 4/A?
The amendment corrects an earlier report of 15,000 shares retained after RSU vesting. It clarifies that 4,448 shares were withheld for taxes, so Trent directly holds 10,552 common shares instead of the previously reported amount.
What RSU grant did DTI award to Pope Trent on February 27, 2026?
On February 27, 2026, Pope Trent was granted 22,502 restricted stock units (RSUs) under DTI’s 2023 Omnibus Incentive Plan as part of the 2026 long-term incentive program. These RSUs vest in substantially equal installments over three years, subject to continued service.
What performance stock units did DTI grant Pope Trent and what are the payout terms?
On February 27, 2026, Trent received 67,505 performance stock units (PSUs) tied 100% to EBITDA performance over a three-year period. Achievement at threshold pays 50% of target, while maximum performance pays 200% of the target PSU amount.
What does transaction code F mean in the DTI Form 4/A for Pope Trent?
Transaction code F reflects a disposition used to pay an exercise price or tax liability by delivering or withholding securities. Here, it records 4,448 shares of DTI common stock withheld by the company to satisfy Trent’s tax obligations on RSU vesting.
Were Pope Trent’s Drilling Tools International (DTI) transactions under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox indicates the reported transactions were not made pursuant to a Rule 10b5-1 trading plan. The key disposition involved shares withheld by the company to cover tax obligations from RSU vesting.