Yvette K. Schultz - May 14, 2024 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 14, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/16/2024, 05:20 PM
Previous filing: Apr 17, 2024
Next filing: Aug 5, 2024

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	$0	+8.86K	+3.06%	$0.00	298K	May 14, 2024	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 Unit	Options Exercise		-8.86K	-50%		8.86K	May 14, 2024	Common stock, par value $0.01 per share	8.86K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Includes 125,991 shares of common stock ("Common Stock") of Antero Resources Corp. (the "Issuer") subject to previously granted restricted stock unit awards ("RSUs") and 61,860 shares of Common Stock subject to previously granted performance share units ("PSUs"), in each case, that remain subject to service-based vesting.
F2	On May 14, 2024, the Compensation Committee of the Issuer certified the Issuer's absolute total shareholder return ("TSR") over the second performance period, which ran from April 15, 2023 through April 15, 2024, at the maximum level, resulting in 25% of the PSUs originally granted on April 15, 2022 that vest based on the Issuer's 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, 2025.

Content

Includes 125,991 shares of common stock ("Common Stock") of Antero Resources Corp. (the "Issuer") subject to previously granted restricted stock unit awards ("RSUs") and 61,860 shares of Common Stock subject to previously granted performance share units ("PSUs"), in each case, that remain subject to service-based vesting.

On May 14, 2024, the Compensation Committee of the Issuer certified the Issuer's absolute total shareholder return ("TSR") over the second performance period, which ran from April 15, 2023 through April 15, 2024, at the maximum level, resulting in 25% of the PSUs originally granted on April 15, 2022 that vest based on the Issuer's 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, 2025.

Remarks:

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