Drilling Tools (DTI) division president sells 997 shares under 10b5-1 plan
Rhea-AI Filing Summary
Drilling Tools International Corp executive Michael Wayne Domino Jr., President of the DTR Division, sold 997 shares of common stock in an open-market transaction at $4.00 per share, and now holds 1,449,002 shares directly.
The sale was completed under a pre-arranged Rule 10b5-1 trading plan adopted on November 17, 2025. Footnotes also note recent equity incentives, including 22,859 restricted stock units and 68,577 performance stock units granted on February 27, 2026 under the company’s 2023 Omnibus Incentive Plan, along with fully vested stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 997 | $4.00 | $4K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Footnotes (1)
- This transaction was completed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025. 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 22,859 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 68,577 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.
Key Figures
Key Terms
Rule 10b5-1 trading plan financial
restricted stock unit ("RSU") financial
performance stock unit ("PSU") financial
2023 Omnibus Incentive Plan financial
EBITDA financial
performance vesting period financial
FAQ
What insider transaction did Drilling Tools International (DTI) report on this Form 4?
Who is the insider involved in the latest DTI Form 4 filing?
Was the Drilling Tools (DTI) insider sale made under a Rule 10b5-1 plan?
What equity awards were granted to the DTI executive mentioned in this Form 4?
How do the DTI performance stock units in this Form 4 vest and pay out?