Kennedy Michael N. 4

What Happened
Michael N. Kennedy, Chief Executive Officer and President of Antero Midstream Corporation (AM), was granted 261,210 restricted stock units (RSUs) on March 7, 2026. In connection with the vesting/settlement, 108,526 shares were withheld to satisfy tax withholding obligations at an effective price of $22.97 per share (proceeds of $2,492,842). The filing also reports a gift of 15,000 shares (disposition, no cash value reported).

Key Details

• Transaction date: March 7, 2026. Withholding price used: $22.97/share (closing price used to determine withholding was from March 6, 2026).
• Award: 261,210 RSUs granted under the company’s Long Term Incentive Plan; vesting is 1/3 on each of the first three anniversaries of March 7, 2026 (footnote F1).
• Tax withholding (code F): 108,526 shares withheld to satisfy tax liability; reported value $2,492,842.
• Gift (code G): 15,000 shares disposed; no cash reported.
• Previously granted RSUs remaining subject to vesting: filing references 719,114 and 472,354 shares (footnotes F2 and F4).
• Filing timeliness: the Form 4 was filed March 10, 2026 for activity on March 7, 2026; the filing itself does not indicate a late-report flag.

Context

• These RSUs are awards (not open‑market purchases) and vest over time; the tax withholding was handled via share retention (net settlement), not an open-market sale.
• Gifts are non‑market transactions and do not necessarily indicate the insider’s view of the stock.
• For retail investors, awards and routine tax withholding are common insider events; purchases (direct buys) generally carry more interpretive weight than grants or withheld shares.