leadership
confidence high
sentiment positive
materiality 0.55
Archrock CEO Childers granted retention benefits for staying until age 62
Archrock, Inc.
- Retention Agreement effective Jan 25, 2024 with CEO D. Bradley Childers (age 59).
- If Childers remains employed until age 62 and retires, outstanding equity awards continue vesting per terms.
- Upon retirement, he receives prorated annual bonus at 100% target performance and medical coverage at active employee rates.
- In exchange, Childers agrees to non-solicitation and non-competition for duration of equity award vesting.