Kennedy Michael N. 4

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.