Drilling Tools (NYSE: DTI) CEO receives RSU and PSU grants, exercises RSUs
Rhea-AI Filing Summary
Drilling Tools International Corp Chief Executive Officer Robert Wayne Prejean reported equity compensation activity. On February 27, 2026, he received 85,721 restricted stock units and 257,162 performance stock units under the 2026 long-term incentive program, with PSUs tied to EBITDA performance over three years. On February 28, 2026, he exercised 71,090 RSUs into common stock at no cash exercise price, increasing his direct common stock holdings to 509,619 shares.
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Insights
CEO received stock-based awards and exercised RSUs, a routine compensation event with no open‑market trading.
The CEO of Drilling Tools International Corp, Robert Wayne Prejean, received RSU and PSU grants under the 2026 long-term incentive program and exercised previously granted RSUs into common shares. All transactions were recorded at a $0.0000 exercise price, confirming these are compensation-related awards rather than market purchases.
The 257,162 PSUs are subject to EBITDA-based performance conditions over a three-year period, with payout ranging from 50% of target at threshold to 200% at maximum achievement. The Form 4 shows his direct common stock holdings at 509,619 shares after the RSU conversion, indicating he retains a substantial equity stake aligned with long-term company performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 71,090 | $0.00 | -- |
| Exercise | Common Stock | 71,090 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 85,721 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 257,162 | $0.00 | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| 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 85,721 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 257,162 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. All shares of common stock subject to the stock options are vested.
