Domino Michael Wayne Jr. 4
4 · Drilling Tools International Corp · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Drilling Tools (DTI) President Michael Domino Receives Awards, Exercises
What Happened
- Michael Wayne Domino Jr., President of the DTR division at Drilling Tools International Corp (DTI), was granted equity awards and converted vested derivatives into common stock. On 2026-02-27 he was granted 22,859 restricted stock units (RSUs) and 68,577 performance stock units (PSUs). On 2026-02-28 he acquired 25,277 shares via exercise/conversion of derivatives. Reported prices for the awards/exercise are $0.00 (no cash consideration reported).
Key Details
- Transaction dates: Grants on 2026-02-27; exercise/conversion on 2026-02-28. Filing date: 2026-03-12.
- Quantities: 22,859 RSUs granted; 68,577 PSUs granted (total 91,436 units); 25,277 shares acquired via exercise/conversion.
- Prices/Value: All reported at $0.00 per share in the filing (no cash amount reported).
- Vesting/performance notes: RSUs convert to one share each and vest over time (see note: the 2025 RSUs vest annually over 4 years; the 2026 RSUs vest in ~3 equal annual installments). PSUs convert to shares contingent on EBITDA-based performance (50% payout at threshold to 200% at max; three-year performance period with annual reset).
- Options status: Footnotes indicate all stock options tied to the reported derivatives are vested.
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: Transactions occurred 02/27–02/28/2026; Form 4 was filed 03/12/2026 (outside the typical 2-business-day window), so the filing appears delayed.
Context
- These transactions are acquisitions/awards, not sales. RSUs and PSUs are incentive compensation (RSUs typically vest with service, PSUs vest based on performance) and do not directly signal a buy/sell decision by the insider. The exercised derivatives reflect conversion of vested rights into shares rather than an open-market purchase.
Insider Transaction Report
Form 4
Domino Michael Wayne Jr.
President, DTR Division
Transactions
- Exercise/Conversion
Common Stock
2026-02-28+25,277→ 1,452,082 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-28+25,277→ 75,829 total→ Common Stock (25,277 underlying) - Award
Restricted Stock Units
[F1][F3]2026-02-27+22,859→ 22,859 total→ Common Stock (22,859 underlying) - Award
Performance Stock Units
[F4][F5]2026-02-27+68,577→ 68,577 total→ Common Stock (68,577 underlying)
Holdings
- 300,000
Stock Option (Right to Buy)
[F6]→ Common Stock - 370,264
Stock Option (Right to Buy)
[F7]→ Common Stock
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Drilling Tools International Corp's (the "Company") common stock.
- [F2]The RSUs vest in substantially equal installments on each of the first four (4) anniversaries of the grant date, February 28, 2025.
- [F3]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.
- [F4]Each performance stock unit ("PSU") represents a contingent right to receive one share of the Company's common stock.
- [F5]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.
- [F6]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.
- [F7]All shares of common stock subject to the stock options are vested.
Signature
/s/ Michael Wayne Domino Jr.|2026-03-12