Archrock, Inc. (AROC) has released an update to notify the public and investors about its officers.
Archrock, Inc. has entered into a Retention Incentive Agreement with its President and CEO, D. Bradley Childers, which stipulates retirement benefits upon his service until age 62, with provisions for equity awards vesting, potential cash settlement for certain awards, prorated annual incentives, and continued healthcare benefits for him and his dependents. This agreement, effective from January 25, 2024, does not override previous agreements except in specific conditions relating to termination after age 61 ½. In return, Childers has agreed to non-compete and non-solicitation for a set period.
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