4//SEC Filing
RADY PAUL M 4
Accession 0001104659-25-022254
CIK 0001433270other
Filed
Mar 9, 8:00 PM ET
Accepted
Mar 10, 6:16 PM ET
Size
13.1 KB
Accession
0001104659-25-022254
Insider Transaction Report
Form 4
RADY PAUL M
DirectorSee Remarks10% Owner
Transactions
- Award
Common stock, par value $0.01 per share
2025-03-07+148,016→ 11,888,770 total - Award
Performance Share Unit
2025-03-07+74,008→ 74,008 totalExercise: $74008.00→ Common stock, par value $0.01 per share (74,008 underlying) - Tax Payment
Common stock, par value $0.01 per share
2025-03-07$33.64/sh−55,516$1,867,558→ 11,833,254 total
Holdings
- 5,284,264(indirect: See Footnote)
Common stock, par value $0.01 per share
Footnotes (8)
- [F1]Reflects the grant of restricted stock units ("RSUs") pursuant to the Amended and Restated Antero Resources Corporation 2020 Long-Term Incentive Plan (the "Plan") which vest as to 1/3 of the total amount granted on each of the first three anniversaries of March 7, 2025, generally subject to continued employment through each vesting date.
- [F2]Includes 614,087 shares of common stock, par value $0.01 per share ("Common Stock") of Antero Resources Corporation (the "Issuer") subject to previously granted RSU awards and 338,114 shares of Common Stock subject to performance share units ("PSUs") in respect of which performance has been certified, in each case, that remain subject to service-based vesting.
- [F3]In connection with the vesting and settlement of RSUs 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 March 7, 2025.
- [F4]Includes 487,859 shares of Common Stock subject to previously granted RSU awards and 338,114 shares of Common Stock subject to PSU's in respect of which performance has been certified, in each case, that remain subject to service-based vesting.
- [F5]Each PSU represents a contingent right to receive one share of Common Stock.
- [F6]Vesting of the PSUs granted on March 7, 2025 is contingent upon the achievement of a performance and service requirement. The performance component measures absolute total shareholder return over each of four performance periods: Performance Period One beginning on March 7, 2025 and ending on March 7, 2026, Performance Period Two beginning on March 7, 2026 and ending on March 7, 2027, Performance Period Three beginning on March 7, 2027 and ending on March 7, 2028, and Performance Period Four beginning on March 7, 2025 and ending on March 7, 2028. Continued service is generally required through the end of each such performance period.
- [F7]The performance component for one quarter of the PSUs is determined following the completion of each respective performance period and will be settled shortly thereafter, contingent upon continued service through the end of the performance period. Depending on the level of achievement of such goals, the actual number of PSUs earned could range from 0% to 200% of the target number of PSUs shown in column 5.
- [F8]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.
Documents
Issuer
ANTERO RESOURCES Corp
CIK 0001433270
Entity typeother
Related Parties
1- filerCIK 0001234637
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 8:00 PM ET
- Accepted
- Mar 10, 6:16 PM ET
- Size
- 13.1 KB