0001104659-23-030693.txt : 20230309 0001104659-23-030693.hdr.sgml : 20230309 20230309182407 ACCESSION NUMBER: 0001104659-23-030693 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230307 FILED AS OF DATE: 20230309 DATE AS OF CHANGE: 20230309 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: RADY PAUL M CENTRAL INDEX KEY: 0001234637 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36120 FILM NUMBER: 23721094 MAIL ADDRESS: STREET 1: 1625 17TH STREET CITY: DENVER STATE: CO ZIP: 80202 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ANTERO RESOURCES Corp CENTRAL INDEX KEY: 0001433270 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 800162034 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1615 WYNKOOP STREET CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 303-357-7325 MAIL ADDRESS: STREET 1: 1615 WYNKOOP STREET CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: ANTERO RESOURCES APPALACHIAN CORP DATE OF NAME CHANGE: 20100209 FORMER COMPANY: FORMER CONFORMED NAME: ANTERO RESOURCES BARNETT CORP DATE OF NAME CHANGE: 20080424 4 1 tm239038-3_4seq1.xml OWNERSHIP DOCUMENT X0306 4 2023-03-07 0 0001433270 ANTERO RESOURCES Corp AR 0001234637 RADY PAUL M 1615 WYNKOOP STREET DENVER CO 80202 1 1 0 0 See Remarks Common stock, par value $0.01 per share 2023-03-07 4 A 0 192604 0.00 A 11306427 D Common stock, par value $0.01 per share 5284264 I See Footnote Performance Share Units 2023-03-07 4 A 0 96302 0.00 A Common stock, par value $0.01 per share 96302 96302 D 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 March 7, 2023, generally subject to continued employment through each vesting date. Includes 814,856 shares of common stock ("Common Stock") of Antero Resources Corporation (the "Issuer") subject to RSU awards and 389,114 performance share units ("PSUs") in respect of which performance has been certified, in each case that remain subject to service-based vesting. Each PSU represents a contingent right to receive one share of Common Stock. Vesting of the PSUs granted on March 7, 2023 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 March 7, 2023 and ending on March 7, 2024, Performance Period Two beginning on March 7, 2024 and ending on March 7, 2025, Performance Period Three beginning on March 7, 2025 and ending on March 7, 2026, and Performance Period Four beginning on March 7, 2023 and ending on March 7, 2026. 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 March 7, 2026. 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 /s/ Yvette K. Schultz, as attorney-in-fact for Paul M. Rady 2023-03-09