Form 4: Archrock CEO D. Bradley Childers Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
D. Bradley Childers, President and CEO of Archrock, Inc., disposed of shares to cover tax obligations related to the vesting of restricted shares.
Summary
- On March 5, 2024, D. Bradley Childers, the President and CEO of Archrock, Inc., disposed of 2,098,657 shares of common stock.
- The transaction was a disposition of shares to cover tax withholding obligations associated with the vesting of restricted shares.
- The price per share was $18.27.
- Following the transaction, Childers still directly owns 51,567 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider transactions for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested shares, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of the transaction where shares were disposed of. |
| 03/07/2024 | Date of signature for the SEC Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.