Domino Michael Wayne Jr. 4
Research Summary
AI-generated summary
DTI President Michael Domino Jr. Sells 2,083 Shares
What Happened
- Michael Domino Jr., President of the DTR Division at Drilling Tools International Corp (DTI), disposed of 2,083 shares on April 15, 2026 at $2.89 per share, for proceeds of $6,020. The transaction is reported as a sale (code S) and was executed pursuant to a Rule 10b5‑1 trading plan.
Key Details
- Transaction date and price: April 15, 2026 — 2,083 shares sold at $2.89 each (total ~$6,020).
- Transaction type: Sale (S); executed under a Rule 10b5‑1 plan adopted November 17, 2025 (Footnote F1).
- Shares owned after transaction: Not specified in the supplied filing excerpt.
- Other disclosures in the filing:
- RSUs: Reporting person has restricted stock units; a grant of 22,859 RSUs on Feb 27, 2026 (vest over three years) is noted (F2–F4).
- PSUs: 68,577 performance stock units granted on Feb 27, 2026 with EBITDA‑based performance vesting over three years (F5–F6).
- Stock options: All option shares are indicated as vested (F7–F8).
- Filing timeliness: Period of report and filing date are both April 15, 2026 (no late‑filing indication in the excerpt).
Context
- Sales executed under a pre-existing Rule 10b5‑1 plan are typically automatic and scheduled; they do not necessarily indicate the insider’s view of the company. The sale amount here is modest (~$6K) relative to typical executive trades and should be considered routine unless accompanied by other material insider activity.