AI assistant
ANTERO RESOURCES Corp — Director's Dealing 2023
May 11, 2023
30585_dirs_2023-05-11_0a6b55b9-1c53-4e69-8337-26683795d81a.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ANTERO RESOURCES Corp (AR)
CIK: 0001433270
Period of Report: 2023-05-09
Reporting Person: Kennedy Michael N. (See Remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-05-09 | Common stock, par value $0.01 per share | A | 17506 | — | Acquired | 959338 | Direct |
| 2023-05-09 | Common stock, par value $0.01 per share | A | 15354 | — | Acquired | 974692 | Direct |
Footnotes
F1: On May 9, 2023, the Compensation Committee (the "Compensation Committee") of Antero Resources Corp. (the "Issuer") certified the Issuer's net debt to adjusted EBITDAX multiple over the second performance period, which ran from January 1, 2022 through December 31, 2022, at the maximum level, resulting in 33% of the performance share units ("PSUs") originally granted on April 15, 2021 that vest based on the Issuer's net debt to adjusted EBITDAX multiple becoming earned at 200% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until December 31, 2023.
F2: Includes 188,659 shares of common stock of the Issuer ("Common Stock") subject to previously granted restricted stock unit awards ("RSUs") and 48,142 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.
F3: On May 9, 2023, the Compensation Committee certified the Issuer's net debt to adjusted EBITDAX multiple over the first performance period, which ran from January 1, 2022 through December 31, 2022, at the maximum level, resulting in 33% of the PSUs originally granted on April 15, 2022 that vest based on the Issuer's net debt to adjusted EBITDAX multiple becoming earned at 200% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until December 31, 2024.
F4: Includes 188,659 shares of Common Stock subject to previously granted RSUs and 63,496 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.