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

Role: SR VICE PRESIDENT
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.

Content

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.

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.