Form 4: Archrock Inc. Executive Receives Stock Award

Archrock Inc.'s Senior Vice President, Eric W. Thode, was granted 19,173 shares of restricted stock on January 30, 2025.

Summary

• Eric W. Thode, a Senior Vice President at Archrock, Inc., received a grant of 19,173 shares of restricted stock on January 30, 2025.
• The stock was awarded under 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 may be accelerated or forfeited under certain conditions, as 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 positive for aligning management and shareholder interests. There are no negative implications.

Positives

• The stock award serves as an incentive for the executive, aligning his interests with the company's long-term performance.
• The vesting schedule encourages continued employment and contribution to the company over the next three years.

Risks

• The vesting of the stock is subject to certain conditions, including potential forfeiture, which could impact the executive's compensation if those conditions are not met.

Future Outlook

The executive's stock award is tied to continued employment and performance over the next three years.

Industry Context

Stock awards are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation is a standard practice across the energy sector, with companies like Kinder Morgan, Williams Companies, and Enterprise Products Partners also utilizing similar incentive plans.
• The vesting schedule of one-third per year is a common approach to ensure long-term commitment from executives, similar to practices seen in other large energy companies.

Stakeholder Impact

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

Key Dates

Keywords

stock award, restricted stock, executive compensation, stock incentive plan, vesting, Archrock Inc., Form 4