Eric W. Thode - Feb 16, 2023 Form 4 Insider Report for Archrock, Inc. (AROC)

Signature
/s/ Susan G. Thompson, Attorney-in-Fact
Stock symbol
AROC
Transactions as of
Feb 16, 2023
Transactions value $
-$44,405
Form type
4
Date filed
2/21/2023, 06:59 AM
Previous filing
Jan 30, 2023
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AROC Common Stock Options Exercise $0 +12.9K +6.95% $0.00 198K Feb 16, 2023 Direct F1
transaction AROC Common Stock Tax liability -$44.4K -4.73K -2.39% $9.38 193K Feb 16, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AROC Restricted Stock Unit Award $0 +12.9K $0.00 12.9K Feb 16, 2023 Common Stock 12.9K Direct F1
transaction AROC Restricted Stock Unit Options Exercise $0 -12.9K -100% $0.00* 0 Feb 16, 2023 Common Stock 12.9K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.