[Form 4] Drilling Tools International Corp Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Drilling Tools International Corp’s Chief Financial Officer David Richard Johnson reported routine equity compensation and an option-related share delivery. On February 27, 2026, he was granted 37,336 restricted stock units (RSUs) and 112,009 performance stock units (PSUs), each representing a contingent right to one common share.
The new RSUs vest in three equal annual installments from the grant date, while the PSUs vest over a three-year performance period based on EBITDA, with a payout range from 50% to 200% of the target award. On February 28, 2026, he also exercised 30,964 RSUs into an equal number of common shares at a conversion price of $0.00 per share, leaving him with 76,611 common shares held directly after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
30,964 shares exercised/converted
Mixed
6 txns
Insider
Johnson David Richard
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 30,964 | $0.00 | -- |
| Exercise | Common Stock | 30,964 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 37,336 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 112,009 | $0.00 | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 92,891 shares (Direct);
Common Stock — 76,611 shares (Direct);
Performance Stock Units — 112,009 shares (Direct);
Stock Option (Right to Buy) — 0 shares (Direct)
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 37,336 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 112,009 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.
