Krueger Brendan E. 4

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.