Krueger Brendan E. 4
4 · ANTERO RESOURCES Corp · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Antero Resources CFO Brendan Krueger Receives RSU/PSU Awards
What Happened
Brendan E. Krueger, Chief Financial Officer, Senior VP – Finance and Treasurer of Antero Resources Corporation (AR), was granted equity awards on March 7, 2026 and had shares withheld to satisfy tax withholding. The filing shows (1) 38,629 restricted stock units (RSUs) granted (no cash cost), (2) 9,657 performance-share units (PSUs) granted (derivative award), and (3) 17,355 shares withheld/disposed at $38.83 per share to cover tax obligations, totaling $673,895. The awards are not outright purchases or open-market sales—they are compensation grants; the withheld shares reflect tax withholding on the RSU settlement.
Key Details
- Transaction date: March 7, 2026; Form 4 filed March 10, 2026 (timely filing).
- Grants: 38,629 RSUs (code A) and 9,657 PSUs (derivative, code A).
- Tax withholding/disposition: 17,355 shares withheld at $38.83 each for $673,895 (code F).
- Vesting notes: RSUs vest 1/3 on each of the first three anniversaries of March 7, 2026 (service-based). PSUs vest only if performance and service conditions are met; performance measured by absolute total shareholder return over multiple performance periods and payout may range 0%–200% of target.
- Withholding method: Issuer withheld shares that would otherwise have been issued to satisfy tax withholding; number withheld was based on the March 6, 2026 closing price.
- Shares owned after transaction: Not explicitly stated in the filing.
- Filing remarks: Reporting person is the company CFO/SVP Finance and Treasurer.
Context
These awards are compensation, not open-market purchases or sales. RSUs settle into shares over time (service-vested), while PSUs are performance-contingent (may pay 0–200% of target after each performance period). The 17,355-share disposition is a routine tax-withholding settlement and should not be read as an open-market sale signaling intent to exit equity exposure.
Insider Transaction Report
- Award
Common stock, par value $0.01 per share
[F1][F2]2026-03-07+38,629→ 347,548 total - Tax Payment
Common stock, par value $0.01 per share
[F3][F4]2026-03-07$38.83/sh−17,355$673,895→ 330,193 total - Award
Performance Share Unit
[F5][F6][F7]2026-03-07+9,657→ 9,657 total→ Common stock, par value $0.01 per share (9,657 underlying)
Footnotes (7)
- [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 117,018 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 44,662 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 77,559 shares of Common Stock subject to previously granted RSU awards and 44,662 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]Each PSU represents a contingent right to receive one share of Common Stock.
- [F6]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.
- [F7]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.