Archrock director granted 5,313 restricted stock units
Archrock, Inc. director receives equity grant.
Rhea-AI Filing Summary
Archrock, Inc. director receives equity grant. Director Edmund P. Segner III was granted 5,313 shares of Archrock common stock on a deferred-fee basis valued at $0 per share, reflecting a restricted stock unit award under the company’s 2020 Stock Incentive Plan. Following this grant, he beneficially owns 134,300 shares directly.
The award vests in four equal 25% installments on the grant date and on June 1, September 1, and December 1, 2026. Each restricted stock unit will be settled one-for-one in Archrock common stock, with optional deferred delivery, and is subject to potential forfeiture or accelerated vesting under the award terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,313 | $0.00 | $0.00 |
Footnotes (1)
- F1. This award represents a grant of restricted stock units under the Archrock, Inc. 2020 Stock Incentive Plan subject to twenty-five (25%) vesting on each of the date of grant and June 1, September 1 and December 1, 2026. The restricted stock units are payable on a one-for-one basis in shares of common stock and, at the election of the Reporting Person, with deferred delivery. The award is subject to forfeiture or accelerated vesting pursuant to certain events as set out in the Award Notice and Agreement.
FAQ
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What did Archrock (AROC) disclose in this Form 4 filing?
What are the vesting terms of the Archrock (AROC) restricted stock units?
How will the Archrock (AROC) restricted stock units be settled?
Is this Archrock (AROC) Form 4 transaction a purchase or a grant?
What risks or conditions apply to the Archrock (AROC) restricted stock unit award?
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