Form 4: Archrock CEO D. Bradley Childers Executes Stock Transactions Following Performance Share Unit Settlement

Archrock's CEO, D. Bradley Childers, reports the conversion of performance-based restricted stock units into common stock and subsequent forfeiture of shares to cover tax obligations.

Summary

• On March 6, 2025, D. Bradley Childers, the President and CEO of Archrock, Inc., executed transactions involving Archrock's common stock.
• He converted 214,030 performance-based restricted stock units (PSUs) into an equal number of common stock shares.
• These PSUs were initially awarded on January 27, 2022, and their payout was contingent on Archrock's total shareholder return relative to its peers between January 1, 2022, and December 31, 2024.
• The Compensation Committee determined that the performance target was achieved at 200% of the initial target.
• Following the conversion, 84,221 shares were forfeited to cover tax obligations related to the vesting of the PSUs at a price of $29.7.
• After these transactions, Childers directly owns 2,246,506 shares of Archrock common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document primarily reports transactions related to vested performance share units and tax obligations. The vesting at 200% is a positive, but the document is largely informational.

Positives

• The vesting of performance-based restricted stock units at 200% of the target suggests strong performance relative to peers during the performance period.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade in their company's stock. These filings provide transparency to the market about insider activity.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increase in the number of shares outstanding from the PSU conversion, offset by the shares forfeited for tax obligations.

Key Dates