THIGPEN JEREMY D 4
4 · Drilling Tools International Corp · Filed Apr 30, 2026
Research Summary
AI-generated summary of this filing
Drilling Tools International (DTI) Director Jeremy Thigpen Receives Award
What Happened
Jeremy D. Thigpen, a director of Drilling Tools International Corp (DTI), was granted 23,438 restricted stock units (RSUs) on 2026-04-29. The grant is reported as an award/acquisition (code A) at $0.00 per unit (derivative instrument). The filing reports the grant but not a cash purchase or sale.
Key Details
- Transaction date: 2026-04-29 (reported on Form 4 filed 2026-04-30).
- Transaction type/code: Award/Grant (A); derivative reported.
- Amount: 23,438 RSUs at $0.00 per unit (no cash paid).
- Vesting: 100% vests on April 29, 2027 (see footnote F1).
- Shares owned after transaction: Not specified in the provided filing.
- Timeliness: Filed the next day (2026-04-30); appears timely for a Form 4 (generally due within two business days).
Context
RSUs are a contingent right to receive common shares upon vesting; they are a form of compensation rather than an immediate purchase or sale. This award will convert to shares only if/when the RSUs vest (here, one year after grant), at which point tax and ownership changes typically occur. Awards to directors are routine compensation disclosures and do not by themselves indicate buying or selling sentiment.
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-04-29+23,438→ 23,438 total→ Common Stock
Footnotes (1)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units vest 100% on April 29, 2027, the one-year anniversary of the grant date.