0001104659-24-033103.txt : 20240311 0001104659-24-033103.hdr.sgml : 20240311 20240311173540 ACCESSION NUMBER: 0001104659-24-033103 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240307 FILED AS OF DATE: 20240311 DATE AS OF CHANGE: 20240311 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Schultz Yvette K CENTRAL INDEX KEY: 0001904142 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36120 FILM NUMBER: 24739347 MAIL ADDRESS: STREET 1: 1615 WYNKOOP 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] ORGANIZATION NAME: 01 Energy & Transportation 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 tm248427-4_4seq1.xml OWNERSHIP DOCUMENT X0508 4 2024-03-07 0 0001433270 ANTERO RESOURCES Corp AR 0001904142 Schultz Yvette K 1615 WYNKOOP STREET DENVER CO 80202 0 1 0 0 See Remarks 0 Common stock, par value $0.01 per share 2024-03-07 4 A 0 48846 0.00 A 314664 D Common stock, par value $0.01 per share 2024-03-07 4 F 0 7533 26.48 D 307131 D Performance Share Units 2024-03-07 4 A 0 24423 0.00 A Common stock, par value $0.01 per share 24423 24423 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, 2024, generally subject to continued employment through each vesting date. Includes 182,915 shares of common stock ("Common Stock") of Antero Resources Corporation (the "Issuer") subject to previously granted RSU awards and 53,002 shares of Common Stock subject to performance share units ("PSUs") in respect of which performance has been certified, in each case, that remain subject to service-based vesting. In connection with the vesting and settlement of RSUs through the issuance of Common Stock pursuant to 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 March 7, 2024. Includes 166,063 shares of Common Stock subject to previously granted RSU awards and 53,002 shares of Common Stock subject to 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, 2024 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, 2024 and ending on March 7, 2025, Performance Period Two beginning on March 7, 2025 and ending on March 7, 2026, Performance Period Three beginning on March 7, 2026 and ending on March 7, 2027, and Performance Period Four beginning on March 7, 2024 and ending on March 7, 2027. 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, 2027. Senior Vice President - Legal, Chief Compliance Officer, General Counsel and Corporate Secretary /s/ Yvette K. Schultz 2024-03-11