Form 4: Archrock Director Gordon T. Hall Receives Restricted Stock Grant

Director Gordon T. Hall of Archrock, Inc. was granted 4,668 shares of restricted stock on January 30, 2025, under the company's 2020 Stock Incentive Plan.

Summary

• Gordon T. Hall, a director at Archrock, Inc., received a grant of 4,668 shares of restricted stock on January 30, 2025.
• The grant was made under the company's 2020 Stock Incentive Plan.
• The restricted stock will vest in four equal installments of 25% each on the grant date, 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 corporate practice of granting stock to directors, which is generally viewed positively for aligning 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.

Industry Context

This type of stock grant is a common practice for incentivizing and retaining board members in publicly traded companies.

Comparison to Industry Standards

• Stock grants to directors are a standard practice across the industry, often used to align their interests with shareholders.
• The vesting schedule of 25% on the grant date and then quarterly is a fairly typical approach to ensure long term commitment.
• Many companies in the energy sector, such as Kinder Morgan and Williams Companies, also use similar stock-based compensation plans for their directors.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the 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 grant, director, Archrock, stock incentive plan, vesting