Form 4: Archrock Executive Jason Ingersoll Reports Stock Transactions Following PSU Vesting

Senior Vice President Jason Ingersoll of Archrock, Inc. reports the vesting of performance-based restricted stock units (PSUs) and subsequent stock transactions on March 6, 2025.

Summary

• On March 6, 2025, Jason Ingersoll, Senior Vice President of 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 performance target was achieved at 200% of the target level.
• Upon settlement, 30,914 restricted stock units converted into an equal number of common stock shares.
• Ingersoll disposed of 12,165 shares to cover tax obligations related to the PSU vesting at a price of $29.7 per share.
• Following these transactions, Ingersoll directly owns 317,947 shares of Archrock common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing primarily reports routine transactions related to PSU vesting. The achievement of 200% of the target performance level is a positive indicator, but the filing itself is a standard disclosure.

Positives

• The vesting of PSUs at 200% of target suggests strong performance relative to peers during the performance period.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored for insights into management's perspective on the company's value and future prospects.

Comparison to Industry Standards

• Performance-based equity compensation is a common practice among publicly traded companies to align management's interests with those of shareholders.
• The specific metrics and vesting schedules vary depending on the company and industry.
• Benchmarking Archrock's PSU performance against similar companies in the oil and gas compression industry would provide further context.

Stakeholder Impact

• The vesting of PSUs and subsequent stock transactions have a minor impact on shareholders, reflecting the alignment of management incentives with shareholder value.
• Employees who hold similar equity awards may view the PSU vesting as a positive sign of company performance.

Key Dates