Drilling Tools International Management
Management criteria checks 2/4
Drilling Tools International's CEO is R. Prejean, appointed in Jun 2023, has a tenure of 1.42 years. total yearly compensation is $2.96M, comprised of 15.2% salary and 84.8% bonuses, including company stock and options. directly owns 1.26% of the company’s shares, worth $1.49M. The average tenure of the management team and the board of directors is 3.1 years and 12.8 years respectively.
Key information
R. Prejean
Chief executive officer
US$3.0m
Total compensation
| CEO salary percentage | 15.2% |
| CEO tenure | 1.4yrs |
| CEO ownership | 1.3% |
| Management average tenure | 3.1yrs |
| Board average tenure | 12.8yrs |
Recent management updates
Recent updates
Drilling Tools International (NASDAQ:DTI) Posted Weak Earnings But There Is More To Worry About
Aug 16
Does Drilling Tools International (NASDAQ:DTI) Have A Healthy Balance Sheet?
Jul 15DTI Has Better Margins And Lower Valuation Than Its Peers
May 15A Piece Of The Puzzle Missing From Drilling Tools International Corporation's (NASDAQ:DTI) 37% Share Price Climb
Apr 04Returns On Capital Are A Standout For Drilling Tools International (NASDAQ:DTI)
Feb 06Drilling Tools International (NASDAQ:DTI) Is Achieving High Returns On Its Capital
Jun 23CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$8m |
| Jun 30 2024 | n/a | n/a | US$12m |
| Mar 31 2024 | n/a | n/a | US$12m |
| Dec 31 2023 | US$3m | US$450k | US$14m |
| Sep 30 2023 | n/a | n/a | US$17m |
| Jun 30 2023 | n/a | n/a | US$20m |
| Mar 31 2023 | n/a | n/a | US$24m |
| Dec 31 2022 | US$540k | US$400k | US$20m |
Compensation vs Market: R.'s total compensation ($USD2.96M) is above average for companies of similar size in the US market ($USD653.78K).
Compensation vs Earnings: R.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
R. Prejean (62 yo)
1.4yrs
Tenure
US$2,962,750
Compensation
Mr. R. Wayne Prejean serves as Chief Executive Officer, President and Director at Drilling Tools International Corp. (formerly known as Drilling Tools International, Inc.) since June 2023. He serves as a D...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.4yrs | US$2.96m | 1.26% $ 1.5m | |
| Chief Financial Officer | 11.1yrs | US$824.30k | 0.13% $ 154.7k | |
| President of Directional Tools Rentals Division | 4.8yrs | US$635.08k | 4.24% $ 5.0m | |
| Founder | no data | no data | no data | |
| Director of Technical Services & QHSE | no data | no data | no data | |
| Vice President of Sales | no data | no data | 0.70% $ 823.3k | |
| Vice President of Corporate Development | less than a year | no data | no data | |
| Vice President of Human Resources | no data | no data | no data |
3.1yrs
Average Tenure
59yo
Average Age
Experienced Management: DTI's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 11.8yrs | US$2.96m | 1.26% $ 1.5m | |
| Independent Director | 12.8yrs | US$60.00k | 0% $ 0 | |
| Independent Director | 12.8yrs | US$46.91k | no data | |
| Chairman | 12.8yrs | no data | 0.63% $ 739.3k | |
| Independent Director | 8.8yrs | US$69.50k | 1.15% $ 1.4m | |
| Director | 12.8yrs | no data | 0.22% $ 254.3k | |
| Independent Director | 1.4yrs | US$16.00k | 0.17% $ 203.9k |
12.8yrs
Average Tenure
65yo
Average Age
Experienced Board: DTI's board of directors are seasoned and experienced ( 12.8 years average tenure).