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), 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.