| 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 | +48.2K | +0.41% | $0.00 | 11.9M | Apr 15, 2025 | Direct | F1, F2 |
| transaction | AR | Common stock, par value $0.01 per share | Options Exercise | $0 | +46.5K | +0.39% | $0.00 | 11.9M | Apr 15, 2025 | Direct | F3, F4 |
| transaction | AR | Common stock, par value $0.01 per share | Tax liability | -$1.51M | -45.7K | -0.38% | $33.10 | 11.9M | Apr 15, 2025 | Direct | F5, F6 |
| holding | AR | Common stock, par value $0.01 per share | 5.28M | Apr 15, 2025 | See footnote | F7 |
| 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 | -48.2K | -50% | 48.2K | Apr 15, 2025 | Common stock, par value $0.01 per share | 48.2K | Direct | F1 | |||
| transaction | AR | Performance Share Unit | Options Exercise | -46.5K | -40% | 69.8K | Apr 15, 2025 | Common stock, par value $0.01 per share | 46.5K | Direct | F3 |
| Id | Content |
|---|---|
| F1 | In connection with the completion of the second performance period, which ran from March 7, 2024 through March 7, 2025, the Compensation Committee (the "Compensation Committee") of Antero Resources Corp. (the "Issuer") certified the Issuer's absolute total shareholder return ("TSR") at the maximum level, resulting in 25% of the performance share units ("PSUs") originally granted on March 7, 2023 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 March 7, 2026. |
| F2 | Includes 487,859 shares of Common Stock subject to restricted stock units ("RSU") awards and 386,266 PSUs in respect of which performance has been certified, in each case that remain subject to service-based vesting. |
| F3 | In connection with the completion of the first performance period, which ran from March 7, 2024 through March 7, 2025, the Compensation Committee certified the Issuer's absolute TSR at the maximum level, resulting in 25% of the PSUs originally granted on March 7, 2024 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 March 7, 2027. |
| F4 | Includes 487,859 shares of Common Stock subject to RSU awards and 432,786 PSUs in respect of which performance has been certified, in each case that remain subject to service-based vesting. |
| F5 | In connection with the vesting and settlement of RSUs through the issuance of common stock ("Common Stock") of the Issuer pursuant to the Antero Resources Corporation Amended and Restated 2020 Long Term Incentive 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 April 15, 2025. |
| F6 | Includes 383,893 shares of Common Stock subject to RSU awards and 432,786 PSUs in respect of which performance has been certified, in each case that remain subject to service-based vesting. |
| F7 | Includes 2,822,552 shares of Common Stock held by Salisbury Investment Holdings LLC ("Salisbury") and 2,461,712 shares of Common Stock held by Mockingbird Investments LLC ("Mockingbird"). The Reporting Person owns a 95% limited liability company interest in Salisbury and his spouse owns the remaining 5%. The Reporting Person owns a 13.1874% limited liability company interest in Mockingbird and two trusts under his control own the remaining 86.8126%. The Reporting Person disclaims beneficial ownership of all shares of Common Stock held by Salisbury and Mockingbird except to the extent of his pecuniary interest therein. |
Chairman of the Board, Chief Executive Officer & President