Key facts
- This page summarizes W. Patrick Ash's Form 4 filing for ANTERO RESOURCES Corp (AR).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 09 May 2022, 17:24.
W. Patrick Ash - 05 May 2022 Form 4 Insider Report for ANTERO RESOURCES Corp (AR)
- Reporting relationship
- Senior Vice President - Reserves, Planning and Midstream
- Issuer ticker
- AR
- Reported as of
- 05 May 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 09 May 2022, 17:24:52 UTC
- Prior SEC filing
- 21 Apr 2022
- Next SEC filing
- 03 Aug 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Yvette K. Schultz, as attorney-in-fact for W. Patrick Ash
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
W. Patrick Ash filed Form 4 for ANTERO RESOURCES Corp (AR) on 09 May 2022.
Change
- Previous filing in this sequence was filed on 21 Apr 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
AR
transaction
Common stock, par value $0.01 per share
Options Exercise
- Transaction value
- Shares
- +13,130
- Change %
- +1.5%
- Price
- Shares after
- 889,465
- Date
- 05 May 2022
- Ownership
- Direct
- Footnotes
- F1, F2
AR
transaction
Common stock, par value $0.01 per share
Award
- Transaction value
- $0
- Shares
- +17,506
- Change %
- +2%
- Price
- $0.000000
- Shares after
- 906,971
- Date
- 05 May 2022
- Ownership
- Direct
- Footnotes
- F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
AR
transaction
Derivative
Performance Share Units
Options Exercise
- Transaction value
- Shares
- -13,130
- Change %
- -40%
- Price
- Shares after
- 19,695
- Date
- 05 May 2022
- Ownership
- Direct
- Underlying class
- Common stock, par value $0.01 per share
- Underlying amount
- 13,130
- Exercise price
- Footnotes
- F1, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
On May 5, 2022, the Compensation Committee (the "Compensation Committee") of Antero Resources Corp. (the "Issuer") certified the Issuer's absolute total shareholder return ("TSR") performance over the first performance period, which ran from April 15, 2021 through April 15, 2022, at the maximum level, resulting in 25% of the performance share units ("PSUs") originally granted on April 15, 2021 that vest based on absolute TSR becoming earned at 200% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until April 15, 2024.
Footnote F2
Includes 430,736 shares of common stock of the Issuer ("Common Stock") subject to previously granted restricted stock unit awards ("RSUs") and 13,130 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to vesting.
Footnote F3
On May 5, 2022, the Compensation Committee certified the Issuer's net debt to adjusted EBITDAX multiple over the first performance period, which ran from January 1, 2021 through December 31, 2021, at the maximum level, resulting in 33% of the PSUs originally granted on April 15, 2021 that vest based on the Issuer's net debt to adjusted EBITDAX multiple becoming earned at 200% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until December 31, 2023.
Footnote F4
Includes 430,736 shares of Common Stock subject to previously granted RSUs and 30,636 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to vesting.
Footnote F5
Each PSU represented a contingent right to receive one share of Common Stock.
Footnote F6
Vesting of these PSUs granted on April 15, 2021 is contingent upon the achievement of both a performance and service requirement. One-third of the remaining 19,695 PSUs will become earned based on the Issuer's absolute TSR over the course of each of performance period two (beginning on April 15, 2022 and ending on April 15, 2023), performance period three (beginning on April 15, 2023 and ending on April 15, 2024) and performance period four (beginning on April 15, 2021 and ending on April 15, 2024).
SEC remarks
Senior Vice President - Reserves, Planning and Midstream