Planned stock sale and new RSU, PSU grants at Drilling Tools (DTI)
Rhea-AI Filing Summary
Drilling Tools International Corp reported that Michael Wayne Domino Jr., President of the DTR Division, sold 3,169 shares of common stock on March 31, 2026 at $4.00 per share in an open-market trade executed under a Rule 10b5-1 trading plan. After this sale, he directly holds 1,445,833 common shares.
Footnotes show additional equity incentives. On February 27, 2026, he was granted 22,859 restricted stock units (RSUs) vesting over three years and 68,577 performance stock units (PSUs) tied entirely to EBITDA performance over a three-year period, with payout opportunities from 50% at threshold to 200% at maximum. All shares underlying his previously granted stock options are now vested.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,169 | $4.00 | $13K |
| 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
2026 long-term incentive program financial
EBITDA financial
FAQ
What insider stock sale did Drilling Tools International (DTI) disclose for Michael Wayne Domino Jr.?
Was the DTI insider sale by Michael Wayne Domino Jr. made under a Rule 10b5-1 trading plan?
What new RSU and PSU awards did DTI grant to Michael Wayne Domino Jr. in 2026?
How are the performance stock units (PSUs) for DTI’s Michael Wayne Domino Jr. structured?
Are Michael Wayne Domino Jr.’s DTI stock options currently vested?