DTI executive sells 2,083 shares in planned trade
Drilling Tools International Corp executive Michael Wayne Domino Jr., President of the DTR Division, sold 2,083 shares of common stock in an open-market trade at $2.89 per share.
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Form Type
4
Rhea-AI Filing Summary
Drilling Tools International Corp executive Michael Wayne Domino Jr., President of the DTR Division, sold 2,083 shares of common stock in an open-market trade at $2.89 per share. After this Rule 10b5-1 plan transaction, he directly holds 1,443,750 common shares.
Insider Trade Summary 10b5-1
Net Seller: 2,083 shares
Net Sell
6 txns
Insider
Domino Michael Wayne Jr.
Role
President, DTR Division
Sold
2,083 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,083 | $2.89 | $6K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,443,750 shares (Direct);
Restricted Stock Units — 0 contracts (Direct);
Performance Stock Units — 0 contracts (Direct);
Stock Option (Right to Buy) — 0 contracts (Direct)
Footnotes (8)
- F1. This transaction was completed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2025.
- F2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Drilling Tools International Corp's (the "Company") common stock.
- F3. The RSUs vest in substantially equal installments on each of the first four (4) anniversaries of the grant date, February 28, 2025.
- F4. 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.
- F5. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Company's common stock.
- F6. 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.
- F7. 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.
- F8. All shares of common stock subject to the stock options are vested.
Key Figures
Shares sold: 2,083 shares
Sale price: $2.89 per share
Shares held after sale: 1,443,750 shares
+3 more
6 metrics
Shares sold
2,083 shares
Open-market sale of common stock on April 15, 2026
Sale price
$2.89 per share
Price for the 2,083 common shares sold
Shares held after sale
1,443,750 shares
Direct common stock holdings following the transaction
RSUs granted
22,859 RSUs
Grant on February 27, 2026 under 2026 LTIP
PSUs granted
68,577 PSUs
Grant on February 27, 2026 tied to EBITDA performance
PSU payout range
50% to 200%
Payout vs. target based on EBITDA performance over three years
Key Terms
Rule 10b5-1 trading plan, restricted stock unit, performance stock unit, 2026 long-term incentive program, +2 more
6 terms
Rule 10b5-1 trading plan financial
"This transaction was completed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
performance stock unit financial
"Each performance stock unit ("PSU") represents a contingent right to receive one share"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
2026 long-term incentive program financial
"pursuant to the 2026 long-term incentive program approved by the Board of Directors"
EBITDA financial
"The PSUs are subject to the achievement of performance conditions based on EBITDA, weighted at 100%"
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
Omnibus Incentive Plan financial
"under the Company's 2023 Omnibus Incentive Plan, as may be amended from time to time"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did DTI executive Michael Wayne Domino Jr. report?
Michael Wayne Domino Jr. reported an open-market sale of 2,083 shares of Drilling Tools International Corp common stock at $2.89 per share. The Form 4 shows this as a routine disposition with his remaining direct holdings disclosed after the trade.
What restricted stock units were granted to the DTI executive under the 2026 LTIP?
On February 27, 2026, Michael Wayne Domino Jr. was granted 22,859 restricted stock units under Drilling Tools International’s 2023 Omnibus Incentive Plan. These RSUs vest in substantially equal installments over three years, subject to his continued service at the company.
What performance stock units did the DTI executive receive and how do they vest?
On February 27, 2026, he was granted 68,577 performance stock units tied to EBITDA-based performance under the 2026 long-term incentive program. Payout can range from 50% at threshold performance to 200% at maximum over a three-year performance vesting period.
How do the DTI RSUs described in the Form 4 convert into common stock?
Each restricted stock unit represents a contingent right to receive one share of Drilling Tools International common stock. Vesting occurs in substantially equal installments on each anniversary within the specified schedule, contingent on continued service with the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
