Form 4: Archrock Director Frances Powell Hawes Acquires Restricted Stock

Director Frances Powell Hawes acquired 4,668 shares of Archrock, Inc. restricted stock on January 30, 2025, as part of a stock incentive plan.

Summary

• Frances Powell Hawes, a director at Archrock, Inc., acquired 4,668 shares of restricted common stock on January 30, 2025.
• The shares were granted under the company's 2020 Stock Incentive Plan.
• The restricted stock will vest in four equal installments of 25% each on the grant date and on June 1, September 1, and December 1, 2025.
• The award is subject to forfeiture or accelerated vesting based on certain events outlined in the Award Notice and Agreement.

Sentiment

Score: 7

Explanation: The document reflects a standard practice of stock-based compensation for a director, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Risks

• The restricted stock is subject to forfeiture under certain conditions, which could impact the director's holdings.

Future Outlook

The document does not contain any specific forward-looking statements beyond the vesting schedule of the restricted stock.

Industry Context

This type of stock grant is a common practice for aligning the interests of directors and management with the long-term performance of the company.

Comparison to Industry Standards

• Restricted stock grants are a standard form of compensation for directors and executives in publicly traded companies.
• The vesting schedule of 25% on the grant date and then quarterly is a common practice.
• Many companies in the energy sector, such as Kinder Morgan and Williams Companies, use similar stock-based compensation plans to incentivize their leadership.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders, potentially leading to better decision-making.
• The vesting schedule encourages long-term commitment from the director, which can benefit the company and its stakeholders.

Key Dates

Keywords

restricted stock, stock incentive plan, director, Archrock, vesting, equity