| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AR | Common stock, par value $0.01 per share | Tax liability | -$2.22M | -62.8K | -0.61% | $35.28 | 10.2M | Apr 15, 2022 | Direct | F1, F2 |
| transaction | AR | Common stock, par value $0.01 per share | Award | $0 | +135K | +1.32% | $0.00 | 10.3M | Apr 15, 2022 | Direct | F3, F4 |
| holding | AR | Common stock, par value $0.01 per share | 5.28M | Apr 15, 2022 | See Footnote | F5 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AR | Performance Share Units | Award | $0 | -67.3K | -50% | $0.00 | 67.3K | Apr 15, 2022 | Common stock, par value $0.01 per share | 67.3K | Direct | F6, F7, F8 |
| Id | Content |
|---|---|
| F1 | In connection with the vesting and settlement of restricted stock units ("RSUs") through the issuance of common stock ("Common Stock") of Antero Resources Corporation (the "Issuer") pursuant to the Antero Resources Corporation 2020 Long Term Incentive Plan (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 April 14, 2022. |
| F2 | Includes 344,758 shares of Common Stock subject to previously granted RSUs that remain subject to vesting and 125,624 shares of Common Stock subject to previously granted performance stock unit awards ("PSU") that remain subject to vesting. |
| F3 | Reflects the grant of RSUs pursuant to the Plan which vest as to 1/3 of the total amount granted on each of the first three anniversaries of April 15, 2022, subject to continued employment through each vesting date. |
| F4 | Includes 479,395 shares of Common Stock subject to previously granted RSUs that remain subject to vesting and 125,624 shares of Common Stock subject to previously granted PSUs that remain subject to vesting.. |
| F5 | Includes 2,822,552 shares of Common Stock held by Salisbury Investment Holdings LLC ("Salisbury") and 2,461,712 shares of Common Stock held by Mockingbird Investments LLC ("Mockingbird"). The Reporting Person owns a 95% limited liability company interest in Salisbury and his spouse owns the remaining 5%. The Reporting Person owns a 13.1874% limited liability company interest in Mockingbird and two trusts under his control own the remaining 86.8126%. The Reporting Person disclaims beneficial ownership of all shares of Common Stock held by Salisbury and Mockingbird except to the extent of his pecuniary interest therein. |
| F6 | Each PSU represents a contingent right to receive one share of Common Stock. |
| F7 | Vesting of the PSUs granted on April 15, 2022 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 the grant date and ending on April 15, 2023, Performance Period Two beginning on April 15, 2023 and ending on April 15, 2024, Performance Period Three beginning on April 15, 2024 and ending on April 15, 2025, and Performance Period Four beginning on the grant date and ending on April 15, 2025. |
| F8 | The performance component for one quarter of the PSUs is determined following the completion of each respective 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, as shown in column 5. Irrespective of the performance achieved during each performance period, the PSUs generally will not vest unless the Reporting Person also remains continuously employed from the grant date through April 15, 2025. |
Chairman of the Board, Chief Executive Officer & President