Drilling Tools (DTI) President Michael Domino Jr. Withholds 7,495 Shares
$DTI · Drilling Tools International CorpResearch Summary
AI-generated summary of this SEC filing
Drilling Tools (DTI) President Michael Domino Jr. Withholds 7,495 Shares
What Happened
Michael Wayne Domino Jr., President of the DTR Division at Drilling Tools International (DTI), had 7,495 shares withheld by the company on February 28, 2026 to satisfy tax withholding tied to vested restricted stock units (RSUs). The transaction is reported as a disposition (code F) at $0.00 per share (total value $0) — this is a tax-withholding event, not an open-market sale.
Key Details
- Transaction date: 2026-02-28; Transaction type/code: Payment of tax liability via share withholding (F).
- Shares withheld/disposed: 7,495; reported price: $0.00; reported value: $0.
- Filing status: This is an AMENDED Form 4 (amends the Form 4 filed March 12, 2026) correcting an earlier misstatement about retained shares. The prior filing mistakenly reported that 25,277 shares were retained following vesting; this amendment clarifies that 7,495 shares were withheld for taxes.
- Footnote highlights: F1–F2 describe RSU mechanics (each RSU = 1 share; certain RSUs vest over anniversaries of Feb 28, 2025). F3–F5 note additional awards granted Feb 27, 2026 (22,859 RSUs and 68,577 PSUs with EBITDA-based performance metrics). F6–F7 note stock options vesting status.
- Shares owned after the correction: the amendment adjusts the previously reported post-vesting share count to reflect the 7,495-share tax withholding.
Context
Tax-withholding via share retention is a routine administrative disposition when RSUs vest; it does not indicate an open-market sale or a cash transaction. Transaction code F specifically denotes shares withheld to pay taxes. This amended filing corrects the record but does not by itself signal a change in insider sentiment.