Archrock, Inc. (AROC) just unveiled an announcement.
Archrock, Inc. has launched its 2024 Short-Term Incentive Program, designed to motivate its executive team through cash incentives tied to performance. The program sets specific cash targets for top executives, ranging from 75% to 125% of their eligible earnings, with the potential to double based on the company’s achievement of key performance indicators, including Adjusted EBITDA, sustainability, and operating team performance. Additionally, the Committee has increased the base salaries of these executives, emphasizing the company’s commitment to aligning leadership’s interests with corporate goals and operational success.
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