Schultz Yvette K 4

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.