Form 4: Archrock Director Honeybourne Acquires Shares Through Retainer Fee Election

Director J.W.G. Honeybourne acquired 617 shares of Archrock, Inc. common stock on September 30, 2024, as part of his director's retainer fees.

Summary

• On September 30, 2024, J.W.G. Honeybourne, a director of Archrock, Inc., acquired 617 shares of common stock at a price of $20.24 per share.
• This acquisition was made under the Issuer's Directors' Stock and Deferral Plan, where Mr. Honeybourne elected to receive 50% of his retainer fees for 2024 in common stock.
• Following the transaction, Mr. Honeybourne directly owns 165,923 shares of Archrock, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, aligning interests with shareholders. There are no indications of negative news or concerns.

Positives

• The director's decision to take a portion of his retainer in stock aligns his interests with those of shareholders.

Industry Context

Directors receiving stock as part of their compensation is a common practice to align their interests with shareholders and promote long-term value creation.

Related Party Transactions

• The acquisition of stock by the director as part of his retainer fee is a related party transaction.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it demonstrates the director's confidence in the company.

Key Dates