Antero Midstream director reports RSU grant, gift
Director and officer Michael N. Kennedy of Antero Midstream Corp reported several stock transactions involving company common shares.
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Rhea-AI Filing Summary
Director and officer Michael N. Kennedy of Antero Midstream Corp reported several stock transactions involving company common shares. He received a grant of 261,210 restricted stock units (RSUs) under the company’s long-term incentive plan. These RSUs vest in three equal parts on each of the first three anniversaries of March 7, 2026, generally requiring continued employment on each vesting date.
In connection with RSUs vesting and settling into stock, the company withheld 108,526 shares at a price of $22.97 per share to cover his tax obligations, which is not an open-market sale. Kennedy also made a bona fide gift of 15,000 shares. After these transactions, he directly holds 1,600,594 shares, including 472,354 shares subject to previously granted RSUs that still must vest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, par value $0.01 per share | 261,210 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock, par value $0.01 per share | 108,526 | $22.97 | $2.49M |
| Gift | Common stock, par value $0.01 per share | 15,000 | $0.00 | $0.00 |
Footnotes (4)
- F1. Reflects the grant of RSUs pursuant to the Amended and Restated Antero Midstream Corporation 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, 2026, generally subject to continued employment through each vesting date.
- F2. Includes 719,114 shares of common stock, par value $0.01 per share ("Common Stock"), of Antero Midstream Corporation (the "Issuer") subject to previously granted RSUs that remain subject to vesting.
- F3. In connection with the vesting and settlement of RSUs through the issuance of Common Stock pursuant to the Plan, the Issuer withheld shares of 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 6, 2026.
- F4. Includes 472,354 shares of Common Stock subject to previously granted RSUs that remain subject to vesting.
FAQ
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What did Michael N. Kennedy report in this Antero Midstream (AM) Form 4?
How many Antero Midstream (AM) RSUs were granted to Michael N. Kennedy?
How do the new RSUs for Michael N. Kennedy at Antero Midstream (AM) vest?
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