Domino Michael Wayne Jr. 4

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.