Yvette K. Schultz - May 9, 2023 Form 4 Insider Report for ANTERO RESOURCES Corp (AR)

Role: Senior Vice President - Legal, Chief Compliance Officer, General Counsel and Corporate Secretary
Signature: /s/ Yvette K. Schultz
Stock symbol: AR
Transactions as of: May 9, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/11/2023, 07:17 PM
Previous filing: Apr 18, 2023
Next filing: Oct 17, 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	+11.8K	+5.41%	$0.00	230K	May 9, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On May 9, 2023, the Compensation Committee (the "Compensation Committee") of Antero Resources Corp. (the "Issuer") certified the Issuer's net debt to adjusted EBITDAX multiple over the first performance period, which ran from January 1, 2022 through December 31, 2022, at the maximum level, resulting in 33% of the performance share units ("PSUs") originally granted on April 15, 2022 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, 2024.
F2	Includes 146,600 shares of common stock of the Issuer ("Common Stock") subject to previously granted restricted stock unit awards and 11,810 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.

Content

On May 9, 2023, the Compensation Committee (the "Compensation Committee") of Antero Resources Corp. (the "Issuer") certified the Issuer's net debt to adjusted EBITDAX multiple over the first performance period, which ran from January 1, 2022 through December 31, 2022, at the maximum level, resulting in 33% of the performance share units ("PSUs") originally granted on April 15, 2022 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, 2024.

Includes 146,600 shares of common stock of the Issuer ("Common Stock") subject to previously granted restricted stock unit awards and 11,810 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.

Remarks:

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