Drilling Tools (DTI) awards 23,438 RSUs to director Green Ira Harris Jr
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Drilling Tools International Corp director Green Ira Harris Jr received a grant of restricted stock units as part of equity compensation. He now directly holds 17,207 shares of common stock after the reported transactions. This reflects his ongoing equity stake in the company.
On the same date, he was awarded 23,438 restricted stock units, each representing a contingent right to receive one share of common stock. These units vest 100% on April 29, 2027, meaning they convert into shares only if the vesting conditions are satisfied and Harris Jr remains eligible on that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Green Ira Harris Jr
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 23,438 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 23,438 shares (Direct, null);
Common Stock — 17,207 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 23,438 units
RSU vesting date: April 29, 2027
Common shares held: 17,207 shares
+1 more
4 metrics
RSU grant size
23,438 units
Restricted Stock Units granted to director on April 29, 2026
RSU vesting date
April 29, 2027
100% vesting of granted restricted stock units
Common shares held
17,207 shares
Direct common stock holdings after reported transactions
RSU to share ratio
1 unit : 1 share
Each restricted stock unit represents one common share upon vesting
Key Terms
Restricted Stock Units, contingent right, vest 100%, grant, award, or other acquisition
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."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Drilling Tools (DTI) report for Green Ira Harris Jr?
Drilling Tools reported that director Green Ira Harris Jr received a grant of restricted stock units. The award is equity-based compensation and did not involve an open-market purchase or sale of shares, so it mainly updates investors on his long-term incentive alignment with the company.
How many restricted stock units did Green Ira Harris Jr receive from Drilling Tools (DTI)?
Green Ira Harris Jr was granted 23,438 restricted stock units. Each unit represents a contingent right to receive one share of Drilling Tools common stock, giving him a potential future equity increase if the vesting conditions are met on the specified vesting date.
When do the newly granted Drilling Tools (DTI) restricted stock units vest?
The restricted stock units vest 100% on April 29, 2027. Vesting on this date means that, assuming conditions are satisfied, each unit converts into one share of common stock, turning the contingent award into actual share ownership for Green Ira Harris Jr.
What does each restricted stock unit in Drilling Tools (DTI) represent?
Each restricted stock unit represents a contingent right to receive one share of Drilling Tools common stock. The units have no purchase price and only turn into actual shares if the vesting date is reached and any service or eligibility conditions are fulfilled.