Form 4 for AR ANTERO RESOURCES Corp
Accepted 2022-10-21 00:00:00 ET · period of report 2022-10-19 · accession 0001104659-22-110437 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-10-21 | 2022-10-19 | AR | Kennedy Michael N. | See Remarks | A - Grant | $0.00 | +48.9K | 1.22M | +4% | $0 |
| D | 2022-10-21 | 2022-10-19 | AR | Kennedy Michael N. | See Remarks | A - Grant | $0.00 | +24.4K | 24.4K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common stock, par value $0.01 per share | 2022-10-19 | A | A | 48,872 | $0.00 | 1,218,056 | D | — | — | (F1) Reflects the grant of restricted stock units ("RSUs") pursuant to the Antero Resources Corporation 2020 Long Term Incentive Plan (the "Plan") which vest as to 1/3 of the total amount granted on each of the first three anniversaries of October 15, 2022, generally subject to continued employment through each vesting date. (F2) Includes 580,628 shares of common stock of the Issuer ("Common Stock") subject to RSU awards and 30,636 performance share units ("PSUs") in respect of which performance has been certified, in each case that remain subject to service-based vesting. |
| 2 | Derivative | Performance Share Units | 2022-10-19 | A | A | 24,436 | $0.00 | 24,436 | D | — · — to — | 24,436 Common stock, par value $0.01 per share | (F3) Each PSU represents a contingent right to receive one share of Common Stock. (F5) The performance component for one quarter of the PSUs is determined following the completion of each respective performance period. Depending on the level of achievement of such goals, the actual number of PSUs earned could range from 0% to 200% of the target number of PSUs shown in column 5. Irrespective of the performance achieved during each performance period, the PSUs generally will not vest unless the Reporting Person also remains continuously employed from the grant date through December 31, 2025. (F4) Vesting of the PSUs granted on October 19, 2022 is contingent upon the achievement of a performance and service requirement. The performance component measures absolute total shareholder return over each of four performance periods: Performance Period One beginning on January 1, 2023 and ending on December 31, 2023, Performance Period Two beginning on January 1, 2024 and ending on December 31, 2024, Performance Period Three beginning on January 1, 2025 and ending on December 31, 2025, and Performance Period Four beginning on January 1, 2023 and ending on December 31, 2025. |