Drilling Tools (NYSE: DTI) officer granted RSUs and PSUs
Rhea-AI Filing Summary
Drilling Tools International Corp officer Trent Pope reported new equity awards and a routine vesting event. On February 27, 2026, he was granted 22,502 restricted stock units (RSUs) and 67,505 performance stock units (PSUs) under the company’s 2023 Omnibus Incentive Plan as part of the 2026 long-term incentive program.
Each RSU and PSU represents a right to receive one share of common stock. The RSUs vest in substantially equal installments over three years, subject to continued service. The PSUs vest over a three-year period based on EBITDA performance, with payout opportunities from 50% of target at threshold to 200% at maximum.
On February 28, 2026, Pope exercised 15,000 RSUs, acquiring 15,000 shares of common stock at a price of $0.00 per share. Following these transactions, he directly holds 45,000 RSUs and 15,000 shares of common stock, and the filing shows no remaining stock option underlying shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,000 | $0.00 | -- |
| Exercise | Common Stock | 15,000 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 22,502 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 67,505 | $0.00 | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Drilling Tools International Corp's (the "Company") common stock. The RSUs vest in substantially equal installments on each of the first four (4) anniversaries of the grant date, February 28, 2025. 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. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Company's common stock. 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. 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.