Schultz Yvette K 4
4 · ANTERO RESOURCES Corp · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Antero Resources (AR) Yvette K. Schultz Receives RSUs, Sells Shares
What Happened
- Yvette K. Schultz, Senior Vice President — Legal, Chief Compliance Officer, General Counsel and Corporate Secretary of Antero Resources (AR), received equity awards and disposed of shares to cover taxes and via an open-market sale. On March 7, 2026 she was granted 38,629 shares (RSUs) and 9,657 derivative awards (PSUs/RSU-type) for a total of 48,286 awarded shares (granted at $0.00). To satisfy tax withholding on the RSU settlement, 20,270 shares were withheld/disposed at $38.83 each (≈ $787,084). Separately, on March 9, 2026 she sold 15,000 shares in the open market at a weighted average price of $39.33 (≈ $589,950). Total proceeds from the dispositions ≈ $1,377,034.
- These were award (A), tax-withholding (F), and open-market sale (S) transactions — not an options exercise.
Key Details
- Transaction dates: Awards and tax-withholding on 2026-03-07; open-market sale on 2026-03-09. Filing date: 2026-03-10.
- Prices & values: Tax-withheld 20,270 shares @ $38.83 = $787,084; open-market sale 15,000 shares @ weighted avg $39.33 = $589,950. Combined proceeds ≈ $1.38M.
- Award vesting: RSUs vest one-third on each of the first three anniversaries of March 7, 2026, subject to continued employment (F1). PSUs are performance-contingent, measured over multi-year periods and may pay 0–200% of target depending on performance (F6–F8).
- Tax withholding: The 20,270 shares were withheld to satisfy tax obligations; number withheld was based on the March 6, 2026 closing price (F3).
- Sale price details: The reported weighted sale price reflects multiple transactions at prices ranging $38.67–$39.67 (F5); the reporting person can provide a breakdown on request.
- Shares owned after transaction: The filing excerpt provided does not specify total beneficial ownership following these transactions.
- Filing timeliness: Transactions occurred 2026-03-07 to 03-09; Form 4 was filed 2026-03-10. The filing does not indicate a late filing status.
Context
- The primary acquisition here was company-awarded RSUs/PSUs, which are future-delivery equity awards subject to service and (for PSUs) performance vesting — not an immediate purchase indicating a direct bullish bet.
- The 20,270-share disposition was a tax-withholding (common when RSUs settle); the separate 15,000-share sale was an open-market sale by the officer.
- No options were exercised; PSUs are contingent rights to receive shares depending on future performance.
Insider Transaction Report
Form 4
Schultz Yvette K
See Remarks
Transactions
- Award
Common stock, par value $0.01 per share
[F1][F2]2026-03-07+38,629→ 354,392 total - Tax Payment
Common stock, par value $0.01 per share
[F3][F4]2026-03-07$38.83/sh−20,270$787,084→ 334,122 total - Sale
Common stock, par value $0.01 per share
[F5][F4]2026-03-09$39.33/sh−15,000$589,950→ 319,122 total - Award
Performance Share Unit
[F6][F7][F8]2026-03-07+9,657→ 9,657 total→ Common stock, par value $0.01 per share (9,657 underlying)
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, 2026, generally subject to continued employment through each vesting date.
- [F2]Includes 126,901 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 55,828 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 6, 2026.
- [F4]Includes 80,814 shares of Common Stock subject to previously granted RSU awards and 55,828 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]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.67 to $39.67, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (5).
- [F6]Each PSU represents a contingent right to receive one share of Common Stock.
- [F7]Vesting of the PSUs granted on March 7, 2026 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, 2026 and ending on March 7, 2027, Performance Period Two beginning on March 7, 2027 and ending on March 7, 2028, Performance Period Three beginning on March 7, 2028 and ending on March 7, 2029, and Performance Period Four beginning on March 7, 2026 and ending on March 7, 2029. Continued service is generally required through the end of each such performance period.
- [F8]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 applicable 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.
Signature
/s/ Yvette K. Schultz|2026-03-10