Archrock (AROC) CFO uses 35,507 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Archrock, Inc. senior vice president and CFO Doug S. Aron reported a tax-related share disposition. On the transaction date, the issuer withheld 35,507 shares of common stock at $27.85 per share to cover maximum allowable tax withholding tied to vesting. After this non-market transaction, Aron directly owned 653,887 shares of Archrock common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Aron Doug S
Role
SR VICE PRESIDENT, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 35,507 | $27.85 | $989K |
Holdings After Transaction:
Common Stock — 653,887 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Archrock (AROC) CFO Doug S. Aron report?
Archrock CFO Doug S. Aron reported a tax-withholding disposition of 35,507 shares of common stock. The issuer withheld these shares to cover tax obligations related to the acquisition and vesting of stock, rather than an open-market sale initiated by Aron.
Was the Archrock (AROC) Form 4 transaction an open-market sale by the CFO?
The transaction was not an open-market sale. According to the Form 4 and its footnote, Archrock withheld 35,507 shares from Doug S. Aron to satisfy tax withholding obligations tied to the vesting of stock, described as a tax-withholding disposition.
What does transaction code “F” mean in the Archrock (AROC) Form 4 for Doug S. Aron?
Transaction code “F” indicates a tax-withholding disposition, where shares are delivered to satisfy tax or exercise costs. In this case, Archrock withheld 35,507 shares from Doug S. Aron to cover the maximum allowable tax withholding on vested equity awards.