4//SEC Filing
RADY PAUL M 4
Accession 0001104659-25-018510
CIK 0001433270other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 6:54 PM ET
Size
21.4 KB
Accession
0001104659-25-018510
Insider Transaction Report
Form 4
RADY PAUL M
DirectorSee Remarks10% Owner
Transactions
- Award
Common stock, par value $0.01 per share
2025-02-25+40,509→ 11,605,413 total - Award
Common stock, par value $0.01 per share
2025-02-25+42,982→ 11,591,102 total - Award
Common stock, par value $0.01 per share
2025-02-25+57,951→ 11,649,053 total - Award
Common stock, par value $0.01 per share
2025-02-25+55,987→ 11,705,040 total - Exercise/Conversion
Common stock, par value $0.01 per share
2025-02-25+35,714→ 11,740,754 total - Exercise/Conversion
Common stock, par value $0.01 per share
2025-02-25−35,714→ 35,715 total→ Common stock, par value $0.01 per share (35,714 underlying) - Tax Payment
Common stock, par value $0.01 per share
2025-02-25$37.35/sh−57,293$2,139,894→ 11,548,120 total
Holdings
- 5,284,264(indirect: See Footnote)
Common stock, par value $0.01 per share
Footnotes (12)
- [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.
- [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 466,071 shares of Common Stock subject to previously granted RSUs and 338,114 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.
- [F12]Includes 2,822,552 shares of Common Stock held by Salisbury Investment Holdings LLC ("Salisbury") and 2,461,712 shares of Common Stock held by Mockingbird Investments LLC ("Mockingbird"). The Reporting Person owns a 95% limited liability company interest in Salisbury and his spouse owns the remaining 5%. The Reporting Person owns a 13.1874% limited liability company interest in Mockingbird and two trusts under his control own the remaining 86.8126%. The Reporting Person disclaims beneficial ownership of all shares of Common Stock held by Salisbury and Mockingbird except to the extent of his pecuniary interest therein.
- [F2]Includes 466,071 shares of common stock of the Issuer ("Common Stock") subject to previously granted restricted stock unit awards ("RSUs") and 145,480 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.
- [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.
- [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 466,071 shares of Common Stock subject to previously granted RSUs and 188,462 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.
- [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 466,071 shares of Common Stock subject to previously granted RSUs and 246,413 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.
- [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 466,071 shares of Common Stock subject to previously granted RSUs and 302,400 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.
Documents
Issuer
ANTERO RESOURCES Corp
CIK 0001433270
Entity typeother
Related Parties
1- filerCIK 0001234637
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 6:54 PM ET
- Size
- 21.4 KB