Antero Midstream Corp — Director's Dealing 2022

Apr 20, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Antero Midstream Corp (AM)
CIK: 0001623925
Period of Report: 2022-04-15

Reporting Person: Kennedy Michael N. (Director, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-15	Common stock, par value $0.01 per share	F	15148	$11.28	Disposed	904733	Direct
2022-04-15	Common stock, par value $0.01 per share	A	216090	$0.00	Acquired	1120823	Direct
2022-04-18	Common stock, par value $0.01 per share	M	45904	—	Acquired	1166727	Direct
2022-04-18	Common stock, par value $0.01 per share	F	20189	$11.26	Disposed	1146538	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-18	Performance Share Units	$	M	45904	Disposed		Common Stock, par value $0.01 (45904)	Direct

Footnotes

F1: In connection with the vesting and settlement of restricted stock units through the issuance of common stock ("Common Stock") of Antero Midstream Corporation (the "Issuer") pursuant to the Antero Midstream Corporation Long Term Incentive Plan (the "Plan"), the Issuer withheld Common Stock that would otherwise have 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 April 14, 2022.

F2: Includes 190,066 shares of Common Stock subject to previously granted restricted stock unit awards that remain subject to vesting.

F3: Reflects the grant of restricted stock units pursuant to the Plan which vest as to 1/3 of the total amount granted on each of the first three anniversaries of April 15, 2022, subject to continued employment through each vesting date.

F4: Includes 406,156 shares of Common Stock subject to previously granted restricted stock unit awards that remain subject to vesting.

F5: Each performance share unit ("PSU") represented a contingent right to receive one share of Common Stock. On April 18, 2022, the Compensation Committee of the Issuer certified performance with respect to these PSUs originally granted on April 15, 2019, which vested based on the Issuer's return on invested capital over a three year period.

F6: In connection with the vesting and settlement of PSUs through the issuance of Common Stock pursuant to the Plan, the Issuer withheld Common Stock that would otherwise have 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 April 18, 2022.