Michael N. Kennedy - Apr 20, 2022 Form 4 Insider Report for ANTERO RESOURCES Corp (AR)

Role
Chief Financial Officer and Senior Vice President - Finance
Signature
/s/ Yvette K. Schultz, as attorney-in-fact for Michael N. Kennedy
Stock symbol
AR
Transactions as of
Apr 20, 2022
Transactions value $
-$2,608,399
Form type
4
Date filed
4/21/2022, 08:57 PM
Previous filing
Apr 19, 2022
Next filing
May 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AR Common stock, par value $0.01 per share Options Exercise +163K +15.56% 1.21M Apr 20, 2022 Direct F1, F2
transaction AR Common stock, par value $0.01 per share Tax liability -$2.61M -71.7K -5.92% $36.39 1.14M Apr 20, 2022 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AR Performance Share Units Options Exercise -163K -100% 0 Apr 20, 2022 Common Stock, par value $0.01 163K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit ("PSU") represented a contingent right to receive one share of common stock ("Common Stock") of Antero Resources Corporation (the "Issuer"). On April 20, 2022, the Compensation Committee of the Issuer certified performance with respect to these PSUs originally granted on April 15, 2019, which vested at 200% of the original target number of PSUs granted based on the Issuer's absolute total shareholder return over a three-year period.
F2 Includes 531,756 shares of Common Stock subject to previously granted restricted stock units that remain subject to vesting.
F3 In connection with the vesting and settlement of PSUs through the issuance of Common Stock pursuant to the Antero Resources Corporation Long-Term Incentive 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 20, 2022.

Remarks:

Chief Financial Officer and Senior Vice President - Finance