0001104659-22-057652.txt : 20220509
0001104659-22-057652.hdr.sgml : 20220509
20220509172745
ACCESSION NUMBER: 0001104659-22-057652
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220505
FILED AS OF DATE: 20220509
DATE AS OF CHANGE: 20220509
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kennedy Michael N.
CENTRAL INDEX KEY: 0001477679
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36120
FILM NUMBER: 22906327
MAIL ADDRESS:
STREET 1: 707 - 17TH STREET
STREET 2: SUITE 3600
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
tm2214651d2_4seq1.xml
OWNERSHIP DOCUMENT
X0306
4
2022-05-05
0
0001433270
ANTERO RESOURCES Corp
AR
0001477679
Kennedy Michael N.
1615 WYNKOOP STREET
DENVER
CO
80202
0
1
0
0
See Remarks
Common stock, par value $0.01 per share
2022-05-05
4
M
0
13130
A
1151678
D
Common stock, par value $0.01 per share
2022-05-05
4
A
0
17506
0
A
1169184
D
Performance Share Units
2022-05-05
4
M
0
13130
D
Common stock, par value $0.01 per share
13130
19695
D
On May 5, 2022, the Compensation Committee (the "Compensation Committee") of Antero Resources Corp. (the "Issuer") certified the Issuer's absolute total shareholder return ("TSR") performance over the first performance period, which ran from April 15, 2021 through April 15, 2022, at the maximum level, resulting in 25% of the performance share units ("PSUs") originally granted on April 15, 2021 that vest based on absolute TSR becoming earned at 200% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until April 15, 2024.
Includes 531,756 shares of common stock of the Issuer ("Common Stock") subject to previously granted restricted stock unit awards ("RSUs") and 13,130 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to vesting.
On May 5, 2022, the Compensation Committee certified the Issuer's net debt to adjusted EBITDAX multiple over the first performance period, which ran from January 1, 2021 through December 31, 2021, at the maximum level, resulting in 33% of the PSUs originally granted on April 15, 2021 that vest based on the Issuer's net debt to adjusted EBITDAX multiple becoming earned at 200% of the target amount granted. These PSUs remain outstanding and subject to service-based vesting requirements until December 31, 2023.
Includes 531,756 shares of Common Stock subject to previously granted RSUs and 30,636 shares of Common Stock subject to previously granted PSUs, in each case, that remain subject to vesting.
Each PSU represented a contingent right to receive one share of Common Stock.
Vesting of these PSUs granted on April 15, 2021 is contingent upon the achievement of both a performance and service requirement. One-third of the remaining 19,695 PSUs will become earned based on the Issuer's absolute TSR over the course of each of performance period two (beginning on April 15, 2022 and ending on April 15, 2023), performance period three (beginning on April 15, 2023 and ending on April 15, 2024) and performance period four (beginning on April 15, 2021 and ending on April 15, 2024).
Chief Financial Officer and Senior Vice President - Finance
/s/ Yvette K. Schultz, as attorney-in-fact for Michael N. Kennedy
2022-05-09