Form 4 for AR ANTERO RESOURCES Corp
Accepted 2025-02-27 00:00:00 ET · period of report 2025-02-25 · accession 0001104659-25-018509 · 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 | 2025-02-27 | 2025-02-25 | AR | Kennedy Michael N. | See Remarks | A - Grant | $0.00 | +77.6K | 1.05M | +8% | $0 |
| D | 2025-02-27 | 2025-02-25 | AR | Kennedy Michael N. | See Remarks | F - Tax | $37.35 | -19.7K | 1.04M | -2% | -$734.9K |
| D | 2025-02-27 | 2025-02-25 | AR | Kennedy Michael N. | See Remarks | M - OptEx | $0.00 | +12.2K | 1.12M | +1% | $0 |
| D | 2025-02-27 | 2025-02-25 | AR | Kennedy Michael N. | See Remarks | M - OptEx | — | -12.2K | 12.2K | -50% | — |
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 | 2025-02-25 | A | A | 13,857 | $0.00 | 1,059,394 | D | — | — | (F1) On February 25, 2025, the Compensation Committee (the "Compensation Committee") of Antero Resources Corp. (the "Issuer") certified the Issuer's net debt to adjusted EBITDAX multiple over the third and final performance period, which ran from January 1, 2024 through December 31, 2024, at between target and maximum performance levels, resulting in 33% of the performance share units ("PSUs") originally granted on April 15, 2022 that vest based on the Issuer's net debt to adjusted EBITDAX multiple becoming earned at 180.53% of the target amount granted. The service-based vesting requirements applicable to the PSUs originally granted on April 15, 2022 that vest based on the Issuer's net debt to adjusted EBITDAX multiple were satisfied as of December 31, 2024. (F2) Includes 180,003 shares of common stock of the Issuer ("Common Stock") subject to previously granted restricted stock unit awards ("RSUs") and 55,412 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 | 2025-02-25 | F | D | 19,677 | $37.35 | 1,039,717 | D | — | — | (F3) In connection with the vesting and settlement of the PSUs originally granted on April 15, 2022 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 February 25, 2025. (F2) Includes 180,003 shares of common stock of the Issuer ("Common Stock") subject to previously granted restricted stock unit awards ("RSUs") and 55,412 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 | 2025-02-25 | M | A | 12,218 | $0.00 | 1,115,630 | D | — | — | (F10) On February 28, 2024, the Compensation Committee certified the Issuer's absolute total stockholder return ("TSR") performance over the second performance period, which ran from January 1, 2024 through December 31, 2024, at maximum performance, resulting in 50% of the PSUs originally granted on October 19, 2022 that vest based on absolute TSR over such second performance period becoming earned. (F11) Includes 180,003 shares of Common Stock subject to previously granted RSUs and 131,325 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting. |
| 4 | Common | Common stock, par value $0.01 per share | 2025-02-25 | A | A | 24,918 | $0.00 | 1,079,339 | D | — | — | (F6) On February 25, 2025, the Compensation Committee certified the Issuer's net debt to adjusted EBITDAX multiple over the second performance period, which ran from January 1, 2024 through December 31, 2024, at between target and maximum performance levels, resulting in 33% of the PSUs originally granted on March 7, 2023 that vest based on the Issuer's net debt to adjusted EBITDAX multiple becoming earned at 180.53% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until December 31, 2025. (F7) Includes 180,003 shares of Common Stock subject to previously granted RSUs and 95,034 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting. |
| 5 | Common | Common stock, par value $0.01 per share | 2025-02-25 | A | A | 24,073 | $0.00 | 1,103,412 | D | — | — | (F8) On February 25, 2025, the Compensation Committee certified the Issuer's net debt to adjusted EBITDAX multiple over the first performance period, which ran from January 1, 2024 through December 31, 2024, at between target and maximum performance levels, resulting in 33% of the PSUs originally granted on March 7, 2024 that vest based on the Issuer's net debt to adjusted EBITDAX multiple becoming earned at 180.53% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until December 31, 2025. (F9) Includes 180,003 shares of Common Stock subject to previously granted RSUs and 119,107 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting. |
| 6 | Common | Common stock, par value $0.01 per share | 2025-02-25 | A | A | 14,704 | $0.00 | 1,054,421 | D | — | — | (F4) On February 25, 2025, the Compensation Committee certified the Issuer's net debt to adjusted EBITDAX multiple over the second performance period, which ran from January 1, 2024 through December 31, 2024, at between target and maximum performance levels, resulting in 33% of the PSUs originally granted on October 19, 2022 that vest based on the Issuer's net debt to adjusted EBITDAX multiple becoming earned at 180.53% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until December 31, 2025. (F5) Includes 180,003 shares of Common Stock subject to previously granted RSUs and 70,116 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting. |
| 7 | Derivative | Common stock, par value $0.01 per share | 2025-02-25 | M | D | 12,218 | — | 12,218 | D | — · — to — | 12,218 Common stock, par value $0.01 per share | (F10) On February 28, 2024, the Compensation Committee certified the Issuer's absolute total stockholder return ("TSR") performance over the second performance period, which ran from January 1, 2024 through December 31, 2024, at maximum performance, resulting in 50% of the PSUs originally granted on October 19, 2022 that vest based on absolute TSR over such second performance period becoming earned. |