Yvette K. Schultz - Oct 19, 2022 Form 4 Insider Report for ANTERO RESOURCES Corp (AR)

Role: Senior Vice President - Legal, Chief Compliance Officer, General Counsel and Secretary
Signature: /s/ Yvette K. Schultz
Stock symbol: AR
Transactions as of: Oct 19, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/21/2022, 08:03 AM
Previous filing: Apr 21, 2022
Next filing: Mar 9, 2023

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	Award	$0	+37.6K	+25%	$0.00	188K	Oct 19, 2022	Direct	F1, F2

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	Award	$0	+18.8K		$0.00	18.8K	Oct 19, 2022	Common Stock, par value $0.01	18.8K		Direct	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the grant of restricted stock units ("RSUs") pursuant to the Antero Resources Corporation 2020 Long Term Incentive Plan (the "Plan") which vest as to 1/3 of the total amount granted on each of the first three anniversaries of October 15, 2022, generally subject to continued employment through each vesting date.
F2	Includes 141,934 shares of common stock ("Common Stock") of Antero Resources Corporation (the "Issuer") subject to RSU awards that remain subject to vesting.
F3	Each PSU represents a contingent right to receive one share of Common Stock.
F4	Vesting of the PSUs granted on October 19, 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 January 1, 2023 and ending on December 31, 2023, Performance Period Two beginning on January 1, 2024 and ending on December 31, 2024, Performance Period Three beginning on January 1, 2025 and ending on December 31, 2025, and Performance Period Four beginning on January 1, 2023 and ending on December 31, 2025.
F5	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 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 December 31, 2025.

Remarks:

Senior Vice President - Legal, Chief Compliance Officer, General Counsel and Secretary