Drilling Tools (DTI) officer receives 101,106 RSUs with multi‑year vesting
Rhea-AI Filing Summary
Drilling Tools International Corp (DTI) insider grant: Michael Wayne Domino Jr., President of the DTR Division and an officer and director, was granted 101,106 restricted stock units (RSUs) on 02/19/2025. Each RSU converts to one share of common stock and the reported transaction shows 101,106 shares beneficially owned following the grant at a reported price of $0. The RSUs vest in substantially equal installments on each of the first four anniversaries of the grant date.
Positive
- Grant of 101,106 RSUs to an officer and director is clearly disclosed, with one‑for‑one conversion to common stock
- Time‑based vesting over four years aligns the reporting person’s interests with long‑term shareholder outcomes
Negative
- None.
Insights
TL;DR: Officer awarded time‑based RSUs of 101,106 shares to incentivize retention over four years.
The Form 4 discloses a time‑based restricted stock unit grant to the company officer and director. The RSUs have a grant date of 02/19/2025, convert one‑for‑one into common shares, and vest in substantially equal installments over four years. From a governance perspective, this is a routine compensation action that aligns the executive's interests with long‑term shareholder value through multi‑year vesting. The filing reports direct beneficial ownership of 101,106 shares following the grant.
TL;DR: Grant structure is typical for retention—time‑based vesting over four years with no exercise price.
The award of 101,106 RSUs at a reported price of $0 indicates restricted units rather than options. Vesting in substantially equal annual installments across four years suggests a retention and performance alignment focus. The disclosure is specific about the conversion ratio (one RSU equals one share) and the post‑grant beneficial ownership count. There are no details in the filing about service conditions, performance targets, or acceleration clauses.