Antero officer exercises PSUs, shares withheld for taxes

Antero Resources Corp officer Yvette K. Schultz exercised performance share units into common stock and covered taxes with share withholding.

Rhea-AI Filing Summary

Antero Resources Corp officer Yvette K. Schultz exercised performance share units into common stock and covered taxes with share withholding. On March 16, 2026, 6,415 performance share units converted into an equal number of common shares following certification of the company’s absolute total shareholder return for the final performance period of the 2023 TSR PSU award.

To satisfy tax obligations upon this vesting and settlement, 8,382 common shares were withheld at a price of $41.03 per share. After these transactions, Schultz directly held 317,155 shares of Antero Resources common stock, which includes 80,814 shares subject to restricted stock units and 43,188 performance share units that remain subject to service-based vesting.

Insider Trade Summary

6,415 shares exercised/converted

Exercise 3 txns

Insider Schultz Yvette K

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	Performance Share Unit	6,415	$0.00	$0.00
Exercise	Common stock, par value $0.01 per share	6,415	$0.00	$0.00
Exercise Price or Tax Liability	Common stock, par value $0.01 per share	8,382	$41.03	$344K

Holdings After Transaction: Performance Share Unit — 0 contracts (Direct); Common stock, par value $0.01 per share — 317,155 shares (Direct)

Footnotes (3)

1. F1. On March 7, 2023, the Compensation Committee (the "Compensation Committee") of Antero Resources Corp. (the "Issuer") granted performance share units (the "2023 TSR PSUs"), 25% of which vest based on the Issuer's absolute total shareholder return ("TSR") over the fourth and final performance period, which ran from March 7, 2023 through March 7, 2026 (the "Fourth Tranche"). On March 16, 2026, the Compensation Committee certified the Issuer's absolute TSR over the fourth performance period between the target and maximum performance level, resulting in the Fourth Tranche becoming earned at 101.52% of the target amount granted for that tranche and 25.38% of the total target number of 2023 TSR PSUs granted.
2. F2. Includes 80,814 shares of common stock of the Issuer ("Common Stock") subject to restricted stock units ("RSU") awards and 43,188 performance share units ("PSUs") in respect of which performance has been certified, in each case that remain subject to service-based vesting.
3. F3. In connection with the vesting and settlement of the 2023 TSR PSUs through the issuance of Common Stock pursuant to the Amended and Restated Antero Resources Corporation 2020 Long-Term Incentive Plan, the Issuer withheld Common Stock that would have otherwise 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 16, 2026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Yvette K. Schultz report at Antero Resources (AR)?

Yvette K. Schultz reported exercising 6,415 performance share units into Antero Resources common stock. The performance share units vested after the company’s total shareholder return for the final performance period of a 2023 award was certified between target and maximum levels, triggering settlement in common shares.

How many Antero Resources (AR) shares were withheld for taxes in this Form 4?

Antero Resources withheld 8,382 common shares to cover Schultz’s tax obligations. These shares were retained by the company in connection with the vesting and settlement of the 2023 TSR performance share units, using the March 16, 2026 closing stock price of $41.03 per share.

What is Yvette K. Schultz’s Antero Resources (AR) share ownership after this filing?

After the reported transactions, Schultz directly holds 317,155 Antero Resources common shares. This figure includes 80,814 shares subject to restricted stock unit awards and 43,188 performance share units for which performance is certified, all of which remain subject to service-based vesting requirements.

What are the 2023 TSR performance share units mentioned for Antero Resources (AR)?

The 2023 TSR performance share units are stock-based awards linked to Antero’s absolute total shareholder return. For the fourth performance period, from March 7, 2023 through March 7, 2026, 25% of the award earned at 101.52% of the target amount for that tranche.

How much of the total 2023 TSR PSU grant did this vesting tranche represent at Antero Resources (AR)?

The vested Fourth Tranche represented 25.38% of the total target number of 2023 TSR PSUs granted. The Compensation Committee certified absolute total shareholder return between target and maximum levels, causing this portion of the award to be earned and settled in common stock.

Was this Antero Resources (AR) insider transaction an open-market buy or sale?

No, this was not an open-market purchase or sale. Schultz exercised performance share units that settled in common stock, and the company withheld 8,382 shares to satisfy tax obligations, a standard non-market tax-withholding disposition rather than a discretionary trade in the open market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/18/2026 - 08:48 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schultz Yvette K

(Last) (First) (Middle)

1615 WYNKOOP STREET

(Street)

DENVER COLORADO 80202

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ANTERO RESOURCES Corp [ AR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock, par value $0.01 per share	03/16/2026		M		6,415(1)	A	$0	325,537(2)	D
Common stock, par value $0.01 per share	03/16/2026		F		8,382(3)	D	$41.03	317,155(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Share Unit	(1)	03/16/2026		M			6,415	(1)	(1)	Common stock, par value $0.01 per share	6,415	(1)	0	D

Explanation of Responses:

1. On March 7, 2023, the Compensation Committee (the "Compensation Committee") of Antero Resources Corp. (the "Issuer") granted performance share units (the "2023 TSR PSUs"), 25% of which vest based on the Issuer's absolute total shareholder return ("TSR") over the fourth and final performance period, which ran from March 7, 2023 through March 7, 2026 (the "Fourth Tranche"). On March 16, 2026, the Compensation Committee certified the Issuer's absolute TSR over the fourth performance period between the target and maximum performance level, resulting in the Fourth Tranche becoming earned at 101.52% of the target amount granted for that tranche and 25.38% of the total target number of 2023 TSR PSUs granted.

2. Includes 80,814 shares of common stock of the Issuer ("Common Stock") subject to restricted stock units ("RSU") awards and 43,188 performance share units ("PSUs") in respect of which performance has been certified, in each case that remain subject to service-based vesting.

3. In connection with the vesting and settlement of the 2023 TSR PSUs through the issuance of Common Stock pursuant to the Amended and Restated Antero Resources Corporation 2020 Long-Term Incentive Plan, the Issuer withheld Common Stock that would have otherwise 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 16, 2026.

Remarks:

Senior Vice President - Legal, Chief Compliance Officer, General Counsel and Corporate Secretary

	/s/ Yvette K. Schultz	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)