Kennedy Michael N. 4
4 · ANTERO RESOURCES Corp · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Antero Resources (AR) CEO Michael Kennedy Receives RSUs/PSUs, Withholds Shares
What Happened
- Michael N. Kennedy, Chief Executive Officer & President (and Director) of Antero Resources (AR), was granted equity awards on March 7, 2026 and had shares withheld to satisfy tax withholding obligations. The filing shows grants of 103,013 shares (RSUs) and 25,753 performance-based units (PSUs) at $0.00, and 33,203 shares were withheld/disposed at $38.83 to cover taxes (proceeds = $1,289,272). This was an award/settlement plus tax-withholding transaction, not an open-market sale or purchase for investment.
Key Details
- Transaction date: March 7, 2026; Form 4 filed March 10, 2026 (timely).
- Awards: 103,013 RSUs (service-based) and 25,753 PSUs (performance- and service-based) granted at $0.00.
- Tax withholding: 33,203 shares withheld at $38.83 per share to satisfy tax liabilities (value: $1,289,272).
- Net change: Acquired 128,766 shares through awards, 33,203 shares withheld → net +95,563 shares added to holdings.
- Shares owned after transaction: not explicitly stated in the filing.
- Notable footnotes:
- RSUs generally vest 1/3 on each of the first three anniversaries of March 7, 2026, subject to continued service.
- PSUs vesting is performance- and service-based, measured over multiple periods; payout can range from 0%–200% of target.
- Withholding amount was determined using the closing price on March 6, 2026.
Context
- This was an equity award settlement with shares withheld for tax purposes (transaction code A for award, F for tax withholding). Withholding is routine and should not be interpreted as a voluntary sale signaling sentiment. PSUs are contingent on future performance and continued service, so their final payout may differ from the target number granted.
Insider Transaction Report
Form 4
Kennedy Michael N.
DirectorSee Remarks
Transactions
- Award
Common stock, par value $0.01 per share
[F1][F2]2026-03-07+103,013→ 1,307,440 total - Tax Payment
Common stock, par value $0.01 per share
[F3][F4]2026-03-07$38.83/sh−33,203$1,289,272→ 1,274,237 total - Award
Performance Share Unit
[F5][F6][F7]2026-03-07+25,753→ 25,753 total→ Common stock, par value $0.01 per share (25,753 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 247,610 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 91,451 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 172,117 shares of Common Stock subject to previously granted RSU awards and 91,451 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.
Signature
/s/ Yvette K. Schultz, as attorney-in-fact for Michael N. Kennedy|2026-03-10