Aron Doug S 4
4 · Archrock, Inc. · Filed Feb 21, 2023
Insider Transaction Report
Form 4
Archrock, Inc.AROC
Aron Doug S
SR VICE PRESIDENT, CFO
Transactions
- Exercise/Conversion
Common Stock
2023-02-16+25,742→ 527,884 total - Tax Payment
Common Stock
2023-02-16$9.38/sh−6,269$58,803→ 521,615 total - Award
Restricted Stock Unit
2023-02-16+25,742→ 25,742 total→ Common Stock (25,742 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-02-16−25,742→ 0 total→ Common Stock (25,742 underlying)
Footnotes (2)
- [F1]Represents an award of performance based restricted stock units, the payout of which was subject to the achievement of total shareholder return relative to the Issuer's peers over the period of January 1, 2020 to December 31, 2022. The award was scheduled to cliff vest on January 25, 2023, following the three year performance period. However, vesting was subject to the Compensation Committee's determination of performance. On February 16, 2023, the Compensation Committee certified that the performance achievement over the measurement period was 117% of target and authorized the vesting of the award. The restricted stock units converted into shares of common stock on a one-for-one basis.
- [F2]Issuer withheld the maximum allowable shares to satisfy the tax withholding obligations associated with the acquisition and vesting of shares acquired as reported in this Table 1.