Equity-Based Compensation and Cash Awards (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of equity based compensation by type of award

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2021		2022		2021		2022
Restricted stock units (1)	$	2,905		4,525		8,608		11,438
Performance share units (1)		123		833		1,036		1,938
Equity awards issued to directors		227		195		682		650
Total expense	$	3,255		5,553		10,326		14,026

(1) Amounts include equity-based compensation expense allocated to the Company by Antero Resources.

Summary of RSU awards activity

		Weighted Average
	Number	Grant Date
	of Units	Fair Value
Total AM LTIP RSUs awarded and unvested—December 31, 2021	3,573,377	$	8.11
Granted	2,750,896		11.28
Vested	(1,243,878)		8.40
Forfeited	(159,119)		9.37
Total AM LTIP RSUs awarded and unvested—September 30, 2022	4,921,276	$	9.77

ROIC PSUs

Summary of PSU awards activity

		Weighted Average
	Number	Grant Date
	of Units	Fair Value
Total AM LTIP PSUs awarded and unvested—December 31, 2021	116,526	$	6.32
Granted	461,121		11.05
Vested (1)	(137,712)		6.32
Forfeited	—		—
Total AM LTIP PSUs awarded and unvested—September 30, 2022	439,935	$	11.28

(1) The performance condition for these vested PSUs was met at 200% of target and as such, they converted into 275,424 shares of the Company’s common stock during the second quarter of 2022.