Paul M. Rady - 06 May 2025 Form 4 Insider Report for ANTERO RESOURCES Corp (AR)

Reporting relationship: Chairman of the Board, Chief Executive Officer & President, Director
Issuer ticker: AR
Reported as of: 06 May 2025
Net transaction value: -$1,154,815
SEC form: 4
Accepted by SEC: 08 May 2025, 17:25:14 UTC
Prior SEC filing: 16 Apr 2025
Source filing: View source filing
Reporting owner signature: /s/ Yvette K. Shultz, as attorney-in-fact for Paul M. Rady

Key filing fact

Paul M. Rady filed Form 4 for ANTERO RESOURCES Corp (AR) on 08 May 2025.

Key facts

This page summarizes Paul M. Rady's Form 4 filing for ANTERO RESOURCES Corp (AR).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 08 May 2025, 17:25.

Change

Previous filing in this sequence was filed on 16 Apr 2025.
Current net transaction value: -$1,154,815.

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

Reporting Owners (1)

CIK 0001234637 Primary reporting owner

RADY PAUL M

Relationship: Chairman of the Board, Chief Executive Officer & President, Director
Address: 1615 WYNKOOP STREET, DENVER
Signature: /s/ Yvette K. Shultz, as attorney-in-fact for Paul M. Rady
Signature date: 08 May 2025

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

Options Exercise

Transaction value: $0
Shares: +40,303
Change %: +0.34%
Price: $0.000000
Shares after: 11,922,503
Date: 06 May 2025
Ownership: Direct
Footnotes: F1, F2, F3

AR transaction

Common stock, par value $0.01 per share

Tax liability

Transaction value: $1,154,815
Shares: -32,530
Change %: -0.27%
Price: $35.50
Shares after: 11,889,973
Date: 06 May 2025
Ownership: Direct
Footnotes: F3, F4

AR holding

Common stock, par value $0.01 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5,284,264
Date: 06 May 2025
Ownership: See footnote
Footnotes: F5

Reported derivative securities

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

AR transaction Derivative

Performance Share Unit

Options Exercise

Transaction value
Shares: -40,303
Change %: -100%
Price
Shares after: 0
Date: 06 May 2025
Ownership: Direct
Underlying class: Common stock, par value $0.01 per share
Underlying amount: 40,303
Exercise price
Footnotes: F1, F2

^* 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

On May 6, 2025, the Compensation Committee (the "Compensation Committee") of Antero Resources Corp. (the "Issuer") certified the Issuer's absolute total shareholder return ("TSR") performance over the third performance period, which ran from April 15, 2024 through April 15, 2025, at the maximum level, resulting in 25% of the target number of performance share units ("PSUs") originally granted on April 15, 2022 that vest based on absolute TSR becoming earned at 200% of the target amount granted over such third performance period.

Footnote F2

On May 6, 2025, the Compensation Committee also certified the Issuer's absolute TSR performance over the fourth performance period, which ran from April 15, 2022 through April 15, 2025, in between floor and target levels, resulting in 25% of the PSUs originally granted on April 15, 2022 that vest based on absolute TSR becoming earned at 39.49% of the target amount granted over such fourth performance period. The service-based vesting requirements applicable to the PSUs originally granted on April 15, 2022 that vest based on absolute TSR were satisfied as of April 15, 2025 and the awards will be settled in connection with the Compensation Committee's certification of performance.

Footnote F3

Includes 383,893 shares of common stock of the Issuer ("Common Stock") subject to previously granted restricted stock unit awards ("RSUs") and 399,126 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to service-based vesting.

Footnote F4

In connection with the vesting and settlement of the PSUs originally granted on April 15, 2022 through the issuance of Common Stock pursuant to the Antero Resources Corporation 2020 Long-Term Incentive Plan, the Issuer withheld Common Stock that would have otherwise 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 May 6, 2025.

Footnote F5

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.

SEC remarks

Chairman of the Board, Chief Executive Officer & President