Thode Eric W 4
Research Summary
AI-generated summary
Archrock (AROC) SVP Eric Thode Receives 39,807-Share Award
What Happened
Eric Thode, Senior Vice President of Archrock, was issued 39,807 shares on February 18, 2026, reported as an award/acquisition (code A) on a Form 4. The filing shows an acquisition price of $0.00 because these shares were issued upon the vesting and conversion of performance-based restricted stock units (RSUs) into common stock on a one-for-one basis. This was an award vesting (compensation), not an open-market purchase or sale.
Key Details
- Transaction date: February 18, 2026; Form 4 filed February 20, 2026 (timely filing).
- Shares issued: 39,807; reported price: $0.00 (award conversion).
- Transaction code: A (award/grant/acquisition).
- Shares owned after transaction: not specified in the Form 4 filing.
- Footnote: Award consisted of performance-based RSUs whose payout depended on Archrock’s total shareholder return relative to peers for 1/1/2023–12/31/2025; the Compensation Committee certified performance and authorized vesting on 2/18/2026; RSUs converted 1:1 to common shares.
Context
This was a compensation vesting event (performance RSUs), a routine issuance tied to meeting specified performance goals—not a purchase or sale indicating an insider trading signal. There is no indication the shares were immediately sold (no cashless exercise or disposition reported).