W. Patrick Ash - 19 Oct 2022 Form 4 Insider Report for ANTERO RESOURCES Corp (AR)

Reporting relationship: Senior Vice President - Reserves, Planning and Midstream
Issuer ticker: AR
Reported as of: 19 Oct 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 21 Oct 2022, 08:05:54 UTC
Prior SEC filing: 03 Aug 2022
Source filing: View source filing
Reporting owner signature: /s/ Yvette K. Schultz, as attorney-in-fact for W. Patrick Ash

Key filing fact

W. Patrick Ash filed Form 4 for ANTERO RESOURCES Corp (AR) on 21 Oct 2022.

Key facts

This page summarizes W. Patrick Ash's Form 4 filing for ANTERO RESOURCES Corp (AR).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 21 Oct 2022, 08:05.

Change

Previous filing in this sequence was filed on 03 Aug 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AR transaction

Common stock, par value $0.01 per share

Award

Transaction value: $0
Shares: +39,098
Change %: +4.5%
Price: $0.000000
Shares after: 909,368
Date: 19 Oct 2022
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AR transaction Derivative

Performance Share Units

Award

Transaction value: $0
Shares: +19,549
Change %
Price: $0.000000
Shares after: 19,549
Date: 19 Oct 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.01
Underlying amount: 19,549
Exercise price
Footnotes: F3, F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote F2

Includes 469,834 shares of common stock ("Common Stock") of Antero Resources Corporation (the "Issuer") subject to RSU awards and 30,636 performance share units ("PSUs") in respect of which performance has been certified, in each case that remain subject to service-based vesting.

Footnote F3

Each PSU represents a contingent right to receive one share of Common Stock.

Footnote 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.

Footnote 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.

SEC remarks

Senior Vice President - Reserves, Planning and Midstream