Krueger Brendan E. 4
4 · ANTERO RESOURCES Corp · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Antero (AR) CFO Brendan Krueger Receives Awards, Sells 41,233 Shares
What Happened Brendan Krueger, Chief Financial Officer (Senior VP – Finance & Treasurer) of Antero Resources (AR), received multiple equity awards and shares from the vesting/conversion of derivative awards on Feb 25, 2026. The filing shows four award grants totaling 49,486 shares (no cash cost), plus an exercise/conversion entry for 4,749 shares. To satisfy tax withholding obligations, 41,233 shares were withheld/disposed at $34.41 per share, resulting in proceeds/value of $1,418,828 (withholding determined using the Feb 25 closing price).
Key Details
- Transaction date: Feb 25, 2026 (reported on Form 4 filed Feb 26, 2026).
- Grants/awards: 10,026; 13,482; 13,026; and 12,952 shares (all recorded as awards, code A).
- Exercise/conversion entries: 4,749 shares acquired (code M); an additional derivative conversion of 4,749 shares is noted.
- Tax withholding/disposition: 41,233 shares withheld/disposed (code F) at $34.41/share = $1,418,828.
- Remaining/unvested awards: filing notes unvested RSUs and PSUs remain outstanding (for example, 78,389 RSUs are referenced); see the filing for a full breakdown of unvested PSUs by grant/period.
- Footnote context: Compensation Committee certified performance metrics for multiple PSU grants (Oct 19, 2022; Mar 7, 2023; Mar 7, 2025), causing portions to vest at above-target levels; some vested PSU shares were settled and tax-withheld rather than sold in the open market.
- Timeliness: Form 4 was filed the next day (Feb 26, 2026), consistent with a timely reporting window.
Context This was primarily a vesting/settlement event (performance-based PSUs and restricted awards) rather than an open-market investment or discretionary sale. The 41,233-share disposition reflects shares withheld to satisfy tax obligations upon settlement (a common cashless withholding mechanism), not necessarily an independent sell decision signaling a change in insider sentiment. For details on how many vested from each grant and remaining unvested awards, consult the full Form 4 and the footnotes.
Insider Transaction Report
Form 4
Krueger Brendan E.
See Remarks
Transactions
- Award
Common stock, par value $0.01 per share
[F1][F2]2026-02-25+10,026→ 305,943 total - Award
Common stock, par value $0.01 per share
[F3][F4]2026-02-25+13,482→ 319,425 total - Award
Common stock, par value $0.01 per share
[F5][F6]2026-02-25+13,026→ 332,451 total - Award
Common stock, par value $0.01 per share
[F7][F6]2026-02-25+12,952→ 345,403 total - Exercise/Conversion
Common stock, par value $0.01 per share
[F8][F9][F10]2026-02-25+4,749→ 350,152 total - Tax Payment
Common stock, par value $0.01 per share
[F11][F10]2026-02-25$34.41/sh−41,233$1,418,828→ 308,919 total - Exercise/Conversion
Common stock, par value $0.01 per share
[F8][F9]2026-02-25−4,749→ 0 total→ Common stock, par value $0.01 per share (4,749 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 78,389 shares of Common Stock subject to previously granted RSUs and 44,662 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 78,389 shares of common stock of the Issuer ("Common Stock") subject to previously granted restricted stock unit awards ("RSUs") and 64,807 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 78,389 shares of Common Stock subject to previously granted RSUs and 39,156 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 78,389 shares of Common Stock subject to previously granted RSUs and 52,182 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, as attorney-in-fact for Brendan E. Krueger|2026-02-26