Kennedy Michael N. 4
4 · Antero Midstream Corp · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Antero Midstream CEO Michael Kennedy Receives Award, Sells Shares for Taxes
What Happened
Michael N. Kennedy, Chief Executive Officer and President of Antero Midstream (AM), received 203,212 shares on February 24, 2026 as the settlement of vested performance share units (PSUs). On the same date the company withheld/disposed 89,392 shares to satisfy tax withholding obligations at a price of $22.12 per share, generating proceeds of $1,977,351. The PSU awards were originally granted April 15, 2023 and vested based on the issuer’s return on invested capital over a three‑year period.
Key Details
- Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (timely filing).
- Award/acquisition: 203,212 shares credited (code A) at $0.00 (PSU settlement).
- Tax withholding/disposition: 89,392 shares (code F) withheld/surrendered at $22.12 = $1,977,351.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Other outstanding awards: filing notes 457,904 shares subject to previously granted restricted stock units that remain subject to vesting (footnote).
- Footnotes: PSUs vested based on ROIC and were certified by the Compensation Committee (F1); shares were withheld by the issuer to satisfy tax obligations and the withholding number was based on the Feb 24 closing price (F3).
Context
This was a compensation settlement of performance-based equity, not an open-market purchase or discretionary sale. The withholding of shares to cover taxes is a common, administrative disposition and does not necessarily indicate insider sentiment about the stock.
Insider Transaction Report
- Award
Common stock, par value $0.01 per share
[F1][F2]2026-02-24+203,212→ 1,552,302 total - Tax Payment
Common stock, par value $0.01 per share
[F3][F2]2026-02-24$22.12/sh−89,392$1,977,351→ 1,462,910 total
Footnotes (3)
- [F1]Each performance share unit ("PSU") represented a contingent right to receive one share of common stock ("Common Stock") of Antero Midstream Corporation (the "Issuer"). On February 24, 2026, the Compensation Committee of the Issuer certified performance and authorized settlement with respect to PSUs originally granted on April 15, 2023, which vested based on the Issuer's return on invested capital over a three year period.
- [F2]Includes 457,904 shares of Common Stock subject to previously granted restricted stock unit awards that remain subject to vesting.
- [F3]In connection with the vesting and settlement of PSUs through the issuance of Common Stock pursuant to the Amended and Restated Antero Midstream Corporation Long Term Incentive 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 February 24, 2026.