ANTERO RESOURCES Corp — Director's Dealing 2024

Mar 1, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANTERO RESOURCES Corp (AR)
CIK: 0001433270
Period of Report: 2024-02-28

Reporting Person: Schultz Yvette K (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-28	Common stock, par value $0.01 per share	A	11810	—	Acquired	236436	Direct
2024-02-28	Common stock, par value $0.01 per share	A	12530	—	Acquired	248966	Direct
2024-02-28	Common stock, par value $0.01 per share	A	16852	—	Acquired	265818	Direct

Footnotes

F1: On February 28, 2024, the Compensation Committee certified the Issuer's net debt to adjusted EBITDAX multiple over the second performance period, which ran from January 1, 2023 through December 31, 2023, 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.

F2: Includes 134,069 shares of Common Stock subject to previously granted RSUs and 23,620 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.

F3: On February 28, 2024, the Compensation Committee certified the Issuer's net debt to adjusted EBITDAX multiple over the first performance period, which ran from January 1, 2023 through December 31, 2023, at the maximum level, 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 200% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until December 31, 2025.

F4: Includes 134,069 shares of Common Stock subject to previously granted RSUs and 36,150 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.

F5: On February 28, 2024, the Compensation Committee certified the Issuer's net debt to adjusted EBITDAX multiple over the first performance period, which ran from January 1, 2023 through December 31, 2023, at the maximum level, 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 200% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until December 31, 2025.

F6: Includes 134,069 shares of Common Stock subject to previously granted RSUs and 53,002 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.

F7: On February 28, 2024, the Compensation Committee certified the Issuer's absolute total stockholder return ("TSR") performance over the first performance period, which ran from January 1, 2023 through December 31, 2023, at below the threshold level, resulting in 0% of the PSUs originally granted on October 19, 2022 that vest based on absolute TSR over such first performance period becoming earned. Therefore, the total reported in this column does not include any PSUs with respect to such award despite such PSUs previously being reported in Table II of the Form 4 filed by the Reporting Person on October 19, 2022.