Schultz Yvette K 4
4 · ANTERO RESOURCES Corp · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Antero Resources GC Yvette Schultz Receives Awards, Sells 50,101
What Happened
- Yvette K. Schultz, Senior Vice President — Legal, Chief Compliance Officer, General Counsel and Corporate Secretary of Antero Resources (AR), had multiple equity awards vest/settle on February 25, 2026 and one sale to cover tax withholding. She acquired a total of 64,557 shares through awards/conversions (12,532; 16,854; 16,282; 12,952; and an exercise/conversion of 5,937 shares) at $0.00 per share. To satisfy tax withholding obligations, 50,101 shares were withheld/disposed at $34.41 per share for proceeds of $1,723,975. Net issued to her after withholding was 14,456 shares.
- These settlements resulted from performance- and service-based vesting certifications by Antero’s Compensation Committee (see footnotes) related to previously granted PSUs and RSUs.
Key Details
- Transaction date: February 25, 2026. Award/acquisitions and derivative exercises reported as $0.00 per share; withholding sale: 50,101 shares @ $34.41 = $1,723,975.
- Net shares received after tax withholding: 14,456 (64,557 acquired less 50,101 withheld).
- Notable footnotes: Compensation Committee certified performance metrics (net debt to adjusted EBITDAX and TSR) that triggered PSU vesting; withholding of shares to satisfy tax obligations was calculated using the closing price on Feb 25, 2026 (footnote F11). Multiple footnotes detail remaining unvested RSUs/PSUs across grant dates.
- Filing timeliness: Report filed Feb 26, 2026 for transactions on Feb 25, 2026 (timely under Form 4 rules).
Context
- This was not an open-market purchase—Schultz received vested awards and then had shares withheld/sold for taxes (common “net settlement”/cashless withholding treatment). Code meanings: A = Award/Grant, M = Exercise/Conversion of derivative, F = Payment of tax liability/withholding.
- Such tax-withholding sales are routine and do not by themselves indicate a buy/sell sentiment about the company.
Insider Transaction Report
Form 4
Schultz Yvette K
See Remarks
Transactions
- Award
Common stock, par value $0.01 per share
[F1][F2]2026-02-25+12,532→ 313,839 total - Award
Common stock, par value $0.01 per share
[F3][F4]2026-02-25+16,854→ 330,693 total - Award
Common stock, par value $0.01 per share
[F5][F6]2026-02-25+16,282→ 346,975 total - Award
Common stock, par value $0.01 per share
[F7][F6]2026-02-25+12,952→ 359,927 total - Exercise/Conversion
Common stock, par value $0.01 per share
[F8][F9][F10]2026-02-25+5,937→ 365,864 total - Tax Payment
Common stock, par value $0.01 per share
[F11][F10]2026-02-25$34.41/sh−50,101$1,723,975→ 315,763 total - Exercise/Conversion
Common stock, par value $0.01 per share
[F8][F9]2026-02-25−5,937→ 0 total→ Common stock, par value $0.01 per share (5,937 underlying)
Footnotes (11)
- [F1]On February 25, 2026, 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, 2025 through December 31, 2025, at maximum performance levels, resulting in 33% of the performance share units ("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. The service-based vesting requirements applicable to the PSUs originally granted on October 19, 2022 that vest based on the Issuer's net debt to adjusted EBITDAX multiple were satisfied as of December 31, 2025.
- [F10]Includes 88,272 shares of Common Stock subject to previously granted RSUs and 55,828 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.
- [F11]In connection with the vesting and settlement of the PSUs originally granted on October 19, 2022; March 7, 2023; and March 7, 2025 through the issuance of Common Stock pursuant to the Amended and Restated 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, 2026.
- [F2]Includes 88,272 shares of common stock of the Issuer ("Common Stock") subject to previously granted restricted stock unit awards ("RSUs") and 81,007 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.
- [F3]On February 25, 2026, the Compensation Committee certified the Issuer's net debt to adjusted EBITDAX multiple over the third and final performance period, which ran from January 1, 2025 through December 31, 2025, at 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 200% of the target amount granted. The service-based vesting requirements applicable to the PSUs originally granted on March 7, 2023 that vest based on the Issuer's net debt to adjusted EBITDAX multiple were satisfied as of December 31, 2025.
- [F4]Includes 88,272 shares of Common Stock subject to previously granted RSUs and 48,944 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.
- [F5]On February 25, 2026, the Compensation Committee certified the Issuer's net debt to adjusted EBITDAX multiple over the second performance period, which ran from January 1, 2025 through December 31, 2025, at 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 200% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until December 31, 2026.
- [F6]Includes 88,272 shares of Common Stock subject to previously granted RSUs and 65,226 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.
- [F7]On February 25, 2026, the Compensation Committee certified the Issuer's net debt to adjusted EBITDAX multiple over the first performance period, which ran from January 1, 2025 through December 31, 2025, at maximum performance levels, resulting in 33% of the PSUs originally granted on March 7, 2025 that vest based on the Issuer's net debt to adjusted EBITDAX multiple becoming earned at 200% of the target amount granted. The service-based vesting requirements applicable to the aforementioned tranche of PSUs originally granted on March 7, 2025 that vest based on the Issuer's net debt to adjusted EBITDAX multiple were satisfied as of December 31, 2025.
- [F8]On February 25, 2026, the Compensation Committee certified the Issuer's absolute total stockholder return ("TSR") performance over the third performance period, which ran from January 1, 2025 through December 31, 2025, resulting in 25% of the PSUs originally granted on October 19, 2022 that vest based on absolute TSR over such third performance period becoming earned at 99.2% of the target amount granted over such third performance period.
- [F9]On February 25, 2026, the Compensation Committee certified the Issuer's absolute total stockholder return TSR performance over the fourth and final performance period, which ran from January 1, 2023 through December 31, 2025, resulting in 25% of the PSUs originally granted on October 19, 2022 that vest based on absolute TSR over such fourth performance period becoming earned at 27.13% of the target amount granted over such fourth performance period.
Signature
/s/ Yvette K. Schultz|2026-02-26