Form 4: Archrock Director J.W.G. Honeybourne Acquires Additional Shares Through Retainer Fee Election

Director J.W.G. Honeybourne increased his holdings in Archrock, Inc. by acquiring 635 shares of common stock at $19.67 per share as part of his director's stock and deferral plan.

Summary

• On March 28, 2024, J.W.G. Honeybourne, a director of Archrock, Inc. (AROC), acquired 635 shares of common stock at a price of $19.67 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.
• The acquired shares increased his direct holdings to 164,688 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company is generally a good sign, but this is part of a pre-arranged plan.

Positives

• The director's decision to take a portion of his retainer in stock signals confidence in the company's future.

Industry Context

Directors acquiring company stock is generally viewed positively, as it aligns their interests with those of shareholders. This is a routine transaction under a pre-existing plan.

Related Party Transactions

• The stock acquisition is a related party transaction as it involves a director receiving company stock as part of his compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a company director.

Key Dates