Form 4 for AR ANTERO RESOURCES Corp
Accepted 2024-05-16 00:00:00 ET · period of report 2024-05-14 · accession 0001104659-24-062606 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-05-16 | 2024-05-14 | AR | Kennedy Michael N. | See Remarks | M - OptEx | $0.00 | +37.8K | 1.05M | +4% | $0 |
| D | 2024-05-16 | 2024-05-14 | AR | Kennedy Michael N. | See Remarks | F - Tax | $33.97 | -17.3K | 1.04M | -2% | -$588.5K |
| DM | 2024-05-16 | 2024-05-14 | AR | Kennedy Michael N. | See Remarks | M - OptEx | — | -37.8K | 0 | -100% | — |
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 | 2024-05-14 | M | A | 26,260 | $0.00 | 1,058,511 | D | — | — | (F1) On May 14, 2024, the Compensation Committee (the "Compensation Committee") of Antero Resources Corp. (the "Issuer") certified the Issuer's absolute total shareholder return ("TSR") performance over the third performance period, which ran from April 15, 2023 through April 15, 2024, at the maximum level, resulting in 25% of the performance share units ("PSUs") originally granted on April 15, 2021 that vest based on absolute TSR becoming earned at 200% of the target amount granted over such third performance period. (F2) On May 14, 2024, the Compensation Committee also certified the Issuer's absolute TSR performance over the fourth performance period, which ran from April 15, 2021 through April 15, 2024, at the maximum level, resulting in 25% of the PSUs originally granted on April 15, 2021 that vest based on absolute TSR becoming earned at 200% of the target amount granted over such fourth performance period. The service-based vesting requirements applicable to the PSUs originally granted on April 15, 2021 that vest based on absolute TSR were satisfied as of April 15, 2024. (F3) Includes 196,294 shares of common stock of the Issuer ("Common Stock") subject to previously granted restricted stock unit awards ("RSUs") and 74,604 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting. |
| 2 | Common | Common stock, par value $0.01 per share | 2024-05-14 | F | D | 17,325 | $33.97 | 1,041,186 | D | — | — | (F4) In connection with the vesting and settlement of the PSUs originally granted on April 15, 2021 through the issuance of Common Stock pursuant to the Antero Resources Corporation 2020 Long-Term Incentive Plan, the Issuer withheld Common Stock that would have otherwise been issued to the Reporting Person to satisfy their tax withholding obligations. The number of shares of Common Stock withheld was determined based on the closing price per share of Common Stock on May 14, 2024. (F3) Includes 196,294 shares of common stock of the Issuer ("Common Stock") subject to previously granted restricted stock unit awards ("RSUs") and 74,604 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting. |
| 3 | Common | Common stock, par value $0.01 per share | 2024-05-14 | M | A | 11,516 | $0.00 | 1,052,702 | D | — | — | (F5) On May 14, 2024, the Compensation Committee certified the Issuer's absolute TSR over the second performance period, which ran from April 15, 2023 through April 15, 2024, at the maximum level, resulting in 25% of the PSUs originally granted on April 15, 2022 that vest based on the Issuer's absolute TSR becoming earned at 200% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until April 15, 2025. (F6) Includes 196,294 shares of Common Stock subject to previously granted RSUs and 86,120 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting. |
| 4 | Derivative | Performance Share Unit | 2024-05-14 | M | D | 11,516 | — | 11,514 | D | — · — to — | 11,516 Common stock, par value $0.01 per share | (F5) On May 14, 2024, the Compensation Committee certified the Issuer's absolute TSR over the second performance period, which ran from April 15, 2023 through April 15, 2024, at the maximum level, resulting in 25% of the PSUs originally granted on April 15, 2022 that vest based on the Issuer's absolute TSR becoming earned at 200% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until April 15, 2025. |
| 5 | Derivative | Performance Share Unit | 2024-05-14 | M | D | 26,260 | — | 0 | D | — · — to — | 26,260 Common stock, par value $0.01 per share | (F1) On May 14, 2024, the Compensation Committee (the "Compensation Committee") of Antero Resources Corp. (the "Issuer") certified the Issuer's absolute total shareholder return ("TSR") performance over the third performance period, which ran from April 15, 2023 through April 15, 2024, at the maximum level, resulting in 25% of the performance share units ("PSUs") originally granted on April 15, 2021 that vest based on absolute TSR becoming earned at 200% of the target amount granted over such third performance period. (F2) On May 14, 2024, the Compensation Committee also certified the Issuer's absolute TSR performance over the fourth performance period, which ran from April 15, 2021 through April 15, 2024, at the maximum level, resulting in 25% of the PSUs originally granted on April 15, 2021 that vest based on absolute TSR becoming earned at 200% of the target amount granted over such fourth performance period. The service-based vesting requirements applicable to the PSUs originally granted on April 15, 2021 that vest based on absolute TSR were satisfied as of April 15, 2024. |