Yvette K. Schultz - 27 Feb 2025 Form 4 Insider Report for Antero Midstream Corp (AM)

Role
Senior Vice President - Legal, Chief Compliance Officer, General Counsel and Corporate Secretary
Signature
/s/ Yvette K . Schultz
Issuer symbol
AM
Transactions as of
27 Feb 2025
Net transactions value
-$790,530
Form type
4
Filing time
03 Mar 2025, 18:21:25 UTC
Previous filing
27 Feb 2025
Next filing
10 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AM Common stock, par value $0.01 per share Award +110,814 +24% 577,805 27 Feb 2025 Direct F1, F2
transaction AM Common stock, par value $0.01 per share Tax liability $790,530 -48,738 -8.4% $16.22 529,067 27 Feb 2025 Direct F2, F3
* 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 Midstream Corporation (the "Issuer"). On February 27, 2025, the Compensation Committee of the Issuer certified performance and authorized settlement with respect to PSUs originally granted on April 15, 2022, which vested based on the Issuer's return on invested capital over a three year period.
F2 Includes 331,615 shares of Common Stock subject to previously granted restricted stock unit awards 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 Midstream Corporation Long Term Incentive Plan (the "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 February 27, 2025.

Remarks:

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