Curt L. Crofford receives 23,438 RSUs at Drilling Tools International (DTI)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crofford Curt L. reported acquisition or exercise transactions in this Form 4 filing.
Drilling Tools International Corp director Curt L. Crofford reported an equity award and updated holdings. The Form 4 shows a grant of 23,438 restricted stock units, each representing a contingent right to receive one share of common stock. These restricted stock units vest 100% on April 29, 2027, the one-year anniversary of the grant date. The filing also reflects direct ownership of 116,769 common shares after the reported transactions and references a separate restricted stock unit award that vests on May 13, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Crofford Curt L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 23,438 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 23,438 shares (Direct, null);
Common Stock — 116,769 shares (Direct, null)
Footnotes (1)
- 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. 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 May 13, 2026, the one-year anniversary of the grant date.
Key Figures
RSU grant size: 23,438 units
RSU vesting date: April 29, 2027
Common shares held: 116,769 shares
+2 more
5 metrics
RSU grant size
23,438 units
Restricted stock units granted to Curt L. Crofford
RSU vesting date
April 29, 2027
100% vesting one year after grant
Common shares held
116,769 shares
Direct common stock ownership after reported transactions
RSU exercise price
$0.0000
Conversion price per restricted stock unit
Additional RSU vesting
May 13, 2026
Separate RSU award vests 100% on this date
Key Terms
Restricted Stock Units, contingent right, vest 100%, Form 4
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock."
vest 100% financial
"The restricted stock units vest 100% on April 29, 2027, the one-year anniversary of the grant date."
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Drilling Tools International (DTI) report for Curt L. Crofford?
Drilling Tools International reported that director Curt L. Crofford received 23,438 restricted stock units as an equity award. Each unit gives a contingent right to one common share, providing stock-based compensation rather than a cash transaction or open-market purchase or sale.
When do Curt L. Crofford’s new Drilling Tools International (DTI) restricted stock units vest?
The newly granted restricted stock units vest 100% on April 29, 2027, one year after the grant date. Vesting means those units convert into common shares at that time, assuming the vesting conditions described in the award remain satisfied and unchanged.
What does each restricted stock unit represent for Drilling Tools International (DTI)?
Each restricted stock unit represents a contingent right to receive one share of Drilling Tools International common stock. The right becomes actual shares only upon vesting on the specified date, aligning director compensation with future company performance and continued service requirements.
Does this Drilling Tools International (DTI) Form 4 show any open-market stock sales or purchases?
The Form 4 does not show any open-market purchases or sales; it records an equity award of restricted stock units. The grant is categorized as a compensation-related acquisition, not a buy or sell transaction in the market, and leaves direct share count disclosed at 116,769.