Form 4: Archrock Executive Eric W. Thode Reports Stock Transactions Following Performance Share Unit Vesting

Eric W. Thode, a Senior Vice President at Archrock, Inc., reports the vesting of performance-based restricted stock units and subsequent stock transactions.

Summary

• On March 6, 2025, Eric W. Thode, a Senior Vice President at Archrock, Inc., reported transactions related to performance-based restricted stock units (PSUs).
• The PSUs, awarded on January 27, 2022, vested based on Archrock's total shareholder return relative to its peers between January 1, 2022, and December 31, 2024.
• The Compensation Committee determined that the award was achieved at 200% of the target.
• Upon settlement on March 6, 2025, 30,914 restricted stock units converted into 30,914 shares of common stock on a one-for-one basis.
• 12,165 shares were forfeited to satisfy tax obligations related to the vesting of the PSUs.
• Following these transactions, Thode directly owns 234,809 shares of Archrock common stock.

Sentiment

Score: 6

Explanation: The document is neutral in tone, simply reporting required information about stock transactions. The vesting at 200% is a positive sign, but the document itself is primarily informational.

Positives

• The performance-based restricted stock units vested at 200% of the target, indicating strong performance relative to peers.

Industry Context

Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their stock transactions. This filing indicates the vesting of performance-based equity compensation, which is a common practice to align management's interests with those of shareholders.

Stakeholder Impact

• Shareholders may view the vesting of PSUs at 200% of target as a positive indicator of company performance.

Key Dates