Rodriguez Aldo 4
4 · Drilling Tools International Corp · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Drilling Tools (DTI) VP Aldo Rodriguez Exercises Options, Receives Awards
What Happened
Aldo Rodriguez, Vice President of Sales at Drilling Tools International Corp (DTI), converted/exercised 25,500 derivative securities on Feb 28, 2026 and, on Feb 27, 2026, was granted equity awards: 21,430 restricted stock units (RSUs) and 64,291 performance stock units (PSUs). The Form 4 reports $0 cash consideration for the exercise/conversion and $0 for the awards as these are equity awards/derivative transactions, per the filing. The filing also records a simultaneous disposition entry for the 25,500 converted shares (reported as a derivative disposition), which is commonly how exercises followed by an immediate sale or net settlement are reported.
Key Details
- Transaction dates: Grants on 2026-02-27 (21,430 RSUs; 64,291 PSUs). Exercise/conversion and reported disposition on 2026-02-28 (25,500 shares).
- Prices and values reported: all entries list $0 cash amount in the filing.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Notable footnotes:
- RSU definition: each RSU represents a contingent right to one share (F1, F3). One RSU grant (21,430) vests in substantially equal installments over the first three anniversaries of the Feb 27, 2026 grant date (F3). Another RSU schedule referenced vests over four anniversaries from Feb 28, 2025 (F2).
- PSU definition: each PSU equals a contingent right to one share; the 64,291 PSUs are performance-based, tied 100% to EBITDA, with a three-year performance vesting period, annual reset, 50% payout at threshold and up to 200% at maximum (F4, F5).
- Options background: the filing notes vesting schedules for previously granted options (F6, F7) and indicates all shares subject to those options are vested.
- Filing timeliness: Form filed 2026-03-12 for transactions on 2026-02-27/28 — the filing appears delayed relative to the typical 2-business-day window for Form 4s.
Context
- The RSU and PSU entries are awards (A) — contingent on service (RSUs) and on performance metrics (PSUs) — and do not represent an immediate open-market purchase.
- The simultaneous acquisition (M) and disposition (M) of 25,500 derivative shares on Feb 28 is consistent with an exercise/conversion followed by an immediate disposition or net settlement (cashless exercise or sale to cover exercise/taxes), though the filing shows $0 amounts and does not disclose sale proceeds in the excerpt provided.
- These are insider award/exercise events rather than a straightforward purchase (which some investors view as a stronger bullish signal). No 10% owner indicators or 10b5-1 plan references were provided in the supplied notes.
Insider Transaction Report
Form 4
Rodriguez Aldo
Vice President of Sales
Transactions
- Exercise/Conversion
Common Stock
2026-02-28+25,500→ 135,987 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-28−25,500→ 76,500 total→ Common Stock (25,500 underlying) - Award
Restricted Stock Units
[F1][F3]2026-02-27+21,430→ 21,430 total→ Common Stock (21,430 underlying) - Award
Performance Stock Units
[F4][F5]2026-02-27+64,291→ 64,291 total→ Common Stock (64,291 underlying)
Holdings
- 330,000
Stock Option (Right to Buy)
[F6]→ Common Stock - 132,375
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 21,430 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 64,291 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/ Aldo Rodriguez|2026-03-12