4//SEC Filing
Warren Glen C Jr 4
Accession 0001104659-21-054938
CIK 0001433270other
Filed
Apr 25, 8:00 PM ET
Accepted
Apr 26, 4:32 PM ET
Size
13.8 KB
Accession
0001104659-21-054938
Insider Transaction Report
Form 4
Warren Glen C Jr
DirectorSee Remarks
Transactions
- Award
Common stock, par value $0.01 per share
2021-04-22+25,125→ 9,555,870 total - Exercise/Conversion
Performance Share Units
2021-04-22−16,750→ 50,250 total→ Common stock, par value $0.01 per (16,750 underlying) - Exercise/Conversion
Common stock, par value $0.01 per share
2021-04-22+25,125→ 9,530,745 total
Holdings
- 803,000(indirect: See Footnote)
Common stock, par value $0.01 per share
- 7(indirect: See Footnote)
Common stock, par value $0.01 per share
Footnotes (9)
- [F1]On April 22, 2021, the Compensation Committee of the Issuer certified the Issuer's absolute total shareholder return ("TSR") performance over the first performance period, which ran from July 15, 2020 through April 15, 2021, at the maximum level, resulting in 25% of the performance share units ("PSUs") originally granted on July 15, 2020 that vest based on absolute TSR becoming earned at 150% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until April 15, 2023.
- [F2]Includes 3,848,997 shares of common stock of the Issuer ("Common Stock") held by Canton Investment Holdings LLC ("Canton"). The Reporting Person is the managing member and 50% owner of Canton. The Reporting Person disclaims beneficial ownership of all shares of Common Stock held by Canton except to the extent of his pecuniary interest therein.
- [F3]Includes 100,500 shares of Common Stock subject to previously granted restricted stock unit awards that remain subject to vesting and 25,125 shares of Common Stock subject to previously granted performance stock unit awards that remain subject to vesting.
- [F4]On April 22, 2021, the Compensation Committee of the Issuer certified the Issuer's relative TSR performance over the first performance period, which ran from July 15, 2020 through April 15, 2021, at the maximum level, resulting in 25% of the PSUs originally granted on July 15, 2020 that vest based on relative TSR becoming earned at 150% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until April 15, 2023.
- [F5]Includes 100,500 shares of Common Stock subject to previously granted restricted stock unit awards that remain subject to vesting and 50,250 shares of Common Stock subject to previously granted performance stock unit awards that remain subject to vesting
- [F6]Represents shares of Common Stock held by the Warren 2020 Family Trust (the "Warren 2020 Trust"), of which the Reporting Person is trustee. The Reporting Person and members of his immediate family are the sole beneficiaries of the Warren 2020 Trust. The Reporting Person disclaims beneficial ownership of all shares of Common Stock held by the Warren 2020 Trust except to the extent of his pecuniary interest therein.
- [F7]Represents shares of Common Stock purchased by a family member of the Reporting Person. All shares of Common Stock indicated as indirectly owned by the Reporting Person are included because of his relation to the holder. The Reporting Person disclaims beneficial ownership of all shares of Common Stock reported except to the extent of his pecuniary interest therein.
- [F8]Each PSU represents a contingent right to receive one share of Common Stock.
- [F9]Vesting of these PSUs granted on July 15, 2020 is contingent upon the achievement of both a performance and a service requirement. One third of the remaining 50,250 PSUs will become earned based on the Issuer's absolute TSR over the course of each of Performance Period Two (beginning on April 15, 2021 and ending on April 15, 2022), Performance Period Three (beginning on April 15, 2022 and ending on April 15, 2023), and Performance Period Four (beginning on the grant date and ending on April 15, 2023).
Documents
Issuer
ANTERO RESOURCES Corp
CIK 0001433270
Entity typeother
Related Parties
1- filerCIK 0001375364
Filing Metadata
- Form type
- 4
- Filed
- Apr 25, 8:00 PM ET
- Accepted
- Apr 26, 4:32 PM ET
- Size
- 13.8 KB