MALLETT LEONARD WAYNE 4
Research Summary
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Archrock (AROC) Director Leonard Mallett Receives Restricted Stock Award
What Happened Leonard Wayne Mallett, a director of Archrock, Inc. (AROC), received an award of 5,313 restricted shares on January 29, 2026. The Form 4 reports the acquisition as an award/grant (code A) at a reported price of $0.00 (grant value recorded as $0 for reporting). This is a grant of restricted stock, not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-01-29; Transaction type: Award/Grant (A)
- Shares granted: 5,313 restricted shares; Reported price: $0.00
- Vesting: 25% vested on the date of grant and 25% on each of June 1, 2026; Sept 1, 2026; and Dec 1, 2026 (per footnote). Award is subject to forfeiture or accelerated vesting per the Award Notice and Agreement.
- Shares owned after transaction: Not disclosed in this filing.
- Filing: Form 4 filed 2026-02-02 (filed on the second business day after the grant date — appears timely).
- Exhibit: Exhibit 24 (Power of Attorney) included.
Context Restricted stock grants to directors are a common form of compensation and are typically intended to align director interests with shareholders; because these are awarded, they are not an outright purchase (which some investors view as a stronger bullish signal). The grant vests over 2026 subject to conditions in the award agreement, so future vesting events could result in additional reporting.
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