Form 4: DTI Executive Trent Pope Boosts Equity Holdings

Drilling Tools International Corp's VP of Wellbore Optimization, Trent Pope, increased his beneficial ownership through RSU exercises and new equity grants.

Summary

• Trent Pope, Vice President Wellbore Optimization at Drilling Tools International Corp (DTI), reported changes in his beneficial ownership.
• On February 28, 2026, Pope acquired 15,000 shares of common stock through the exercise of derivative securities (Restricted Stock Units) at a price of $0.
• Following this transaction, Pope directly beneficially owns 15,000 shares of common stock.
• On February 27, 2026, Pope was granted 22,502 Restricted Stock Units (RSUs) under the Company's 2023 Omnibus Incentive Plan, vesting in three equal annual installments from the grant date, subject to continued service.
• Also on February 27, 2026, Pope was granted 67,505 Performance Stock Units (PSUs) under the same plan, pursuant to the 2026 long-term incentive program.
• 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, offering a payout opportunity from 50% (threshold) to 200% (maximum).
• Pope now beneficially owns 45,000 Restricted Stock Units (including previously granted units) and 67,505 Performance Stock Units.
• He also beneficially owns 75,000 stock options, which were fully vested by February 14, 2024.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive development, indicating continued alignment of executive interests with shareholder value through equity grants and the conversion of awards into direct stock ownership.

Positives

• New grants of 22,502 Restricted Stock Units and 67,505 Performance Stock Units align management's interests with shareholder value creation.
• The exercise of 15,000 Restricted Stock Units into common stock demonstrates a conversion of equity awards into direct ownership.
• Performance Stock Units are tied to EBITDA achievement, incentivizing operational performance and financial results.

Risks

• The payout of 67,505 Performance Stock Units is contingent on the achievement of specific EBITDA performance conditions, meaning the full grant may not be realized if targets are not met.
• The value of the Restricted Stock Units and Performance Stock Units is subject to the future market price of Drilling Tools International Corp's common stock.

Future Outlook

The reporting person's compensation structure includes future vesting of 22,502 Restricted Stock Units over three years and 67,505 Performance Stock Units over a three-year period, contingent on continued service and EBITDA performance, respectively.

Management Comments

• Trent Pope holds the title of Vice President Wellbore Optimization.

Industry Context

StockSavvy.ai notes that executive equity grants, particularly those tied to performance metrics like EBITDA, are a common practice in the oilfield services sector. This aligns management incentives with operational efficiency and shareholder returns, a critical factor in a cyclical industry like drilling tools.

Comparison to Industry Standards

• NA. This Form 4 filing reports individual executive equity transactions and does not contain company-wide financial or operational results that can be directly compared to industry benchmarks or specific competitor projects.

Stakeholder Impact

• Shareholders: Increased alignment of executive incentives with company performance and shareholder value.
• Employees (specifically Trent Pope): A significant portion of compensation is tied to company stock performance and operational metrics, incentivizing long-term commitment and performance.

Next Steps

• Vesting of 22,502 Restricted Stock Units in substantially equal installments on each of the first three anniversaries of February 27, 2026.
• Vesting of 67,505 Performance Stock Units over a three-year period, subject to annual EBITDA performance resets.
• Future vesting of remaining previously granted Restricted Stock Units in substantially equal installments on the anniversaries of February 28, 2025.

Key Dates

Keywords

Drilling Tools International Corp, DTI, Trent Pope, Form 4, Insider Transaction, Restricted Stock Units, Performance Stock Units, Stock Options, Equity Compensation, Beneficial Ownership, SEC Filing, Executive Compensation