Form 4: Archrock Inc. Executive Receives Restricted Stock Grant

Senior Vice President of Archrock, Inc., Jason Ingersoll, was granted 19,173 shares of restricted stock on January 30, 2025, as part of the company's 2020 Stock Incentive Plan.

Summary

• Jason Ingersoll, a Senior Vice President at Archrock, Inc., received a grant of 19,173 shares of restricted stock on January 30, 2025.
• The stock grant is part of the company's 2020 Stock Incentive Plan.
• The shares will vest over a three-year period, with one-third vesting each year starting on the first anniversary of the grant date.
• The vesting of the shares is subject to certain conditions, including those outlined in a Change of Control Agreement, Severance Benefit Agreement, and an Award Notice and Agreement.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns executive interests with company performance. There are no negative implications.

Positives

• The stock grant incentivizes the executive to remain with the company.
• The vesting schedule encourages long-term performance and commitment from the executive.

Risks

• The vesting of the shares is subject to certain conditions, including those outlined in a Change of Control Agreement, Severance Benefit Agreement, and an Award Notice and Agreement, which could lead to forfeiture under certain circumstances.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This type of stock grant is a common practice in the energy industry to incentivize and retain key executives.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among publicly traded companies, particularly in the energy sector, to align executive interests with shareholder value.
• Companies like Kinder Morgan, Williams Companies, and Energy Transfer also utilize stock grants as part of their executive compensation packages.
• The vesting schedule of one-third per year over three years is a typical vesting structure for restricted stock grants.

Stakeholder Impact

• The stock grant aligns the executive's interests with those of shareholders, potentially leading to better company performance.
• The grant does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

restricted stock, stock grant, executive compensation, stock incentive plan, vesting, Archrock Inc., Jason Ingersoll