Form 4: Archrock Inc. Executive Eric W. Thode Reports Stock Transaction
SEC Form 4 Filing
Eric W. Thode, a Senior Vice President at Archrock, Inc., reports disposition of shares to cover tax obligations related to vesting restricted shares.
Summary
- On March 5, 2024, Eric W. Thode, a Senior Vice President of Archrock, Inc., engaged in a transaction involving the company's common stock.
- Thode disposed of 7,546 shares to satisfy tax withholding obligations associated with the vesting of restricted shares.
- The transaction price was $18.27 per share.
- Following the transaction, Thode beneficially owns 205,648 shares of Archrock, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment towards the company.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations. It's common for executives to sell shares to cover taxes when restricted stock vests.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders as it is a routine executive stock transaction.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of stock transaction: disposition of shares for tax obligations. |
| 03/07/2024 | Date of signature on the Form 4 filing. |
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