Antero Resources (NYSE: AR) leader granted PSUs, RSUs and tax shares withheld

Rhea-AI Filing Summary

Antero Resources director and officer Michael N. Kennedy reported equity compensation and related tax withholding. On March 7, 2026, he received 25,753 performance share units, each representing a contingent right to one share of common stock, and 103,013 shares of common stock in connection with restricted stock unit vesting under the company’s 2020 Long-Term Incentive Plan. One third of the new RSUs granted on March 7, 2026 vest on each of the first three anniversaries of that date, generally subject to continued employment. To cover tax obligations on the RSU vesting, 33,203 shares of common stock were withheld at a price of $38.83 per share. After these transactions, Kennedy directly owned 1,274,237 shares of Antero Resources common stock.

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

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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^*

Kennedy Michael N.

(Last) (First) (Middle)

1615 WYNKOOP STREET

(Street)

DENVER CO 80202

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/07/2026

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

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

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

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	03/07/2026		A		103,013(1)	A	$0.00	1,307,440(2)	D
Common stock, par value $0.01 per share	03/07/2026		F		33,203(3)	D	$38.83	1,274,237(4)	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	(5)	03/07/2026		A		25,753		(6)(7)	(6)(7)	Common stock, par value $0.01 per share	25,753	$0.00	25,753	D

Explanation of Responses:

1. Reflects the grant of restricted stock units ("RSUs") pursuant to the Amended and Restated 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, 2026, generally subject to continued employment through each vesting date.

2. Includes 247,610 shares of common stock, par value $0.01 per share ("Common Stock") of Antero Resources Corporation (the "Issuer") subject to previously granted RSU awards and 91,451 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.

3. 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 6, 2026.

4. Includes 172,117 shares of Common Stock subject to previously granted RSU awards and 91,451 shares of Common Stock subject to PSU's in respect of which performance has been certified, in each case, that remain subject to service-based vesting.

5. Each PSU represents a contingent right to receive one share of Common Stock.

6. Vesting of the PSUs granted on March 7, 2026 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, 2026 and ending on March 7, 2027, Performance Period Two beginning on March 7, 2027 and ending on March 7, 2028, Performance Period Three beginning on March 7, 2028 and ending on March 7, 2029, and Performance Period Four beginning on March 7, 2026 and ending on March 7, 2029. Continued service is generally required through the end of each such performance period.

7. The performance component for one quarter of the PSUs is determined following the completion of each respective performance period and will be settled shortly thereafter, contingent upon continued service through the end of the applicable 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.

Remarks:

Chief Executive Officer & President

	/s/ Yvette K. Schultz, as attorney-in-fact for Michael N. Kennedy	03/10/2026
	** Signature of Reporting Person	Date
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FAQ

What did Michael N. Kennedy report in his latest Form 4 for AR?

Michael N. Kennedy reported equity compensation awards and tax withholding. He received 25,753 performance share units and 103,013 shares from restricted stock unit vesting, while 33,203 shares were withheld to cover tax obligations tied to these awards.

How many performance share units did Michael N. Kennedy receive from Antero Resources (AR)?

He received 25,753 performance share units on March 7, 2026. Each PSU represents a contingent right to one share of Antero Resources common stock, with vesting based on absolute total shareholder return and service conditions over specified performance periods.

How are Michael N. Kennedy’s new RSUs in Antero Resources (AR) scheduled to vest?

The RSUs granted on March 7, 2026 vest in three equal installments. One third vests on each of the first three anniversaries of March 7, 2026, generally requiring continued employment through each applicable vesting date for the shares to be earned.

Why were 33,203 Antero Resources (AR) shares withheld in Michael N. Kennedy’s Form 4?

33,203 shares were withheld to satisfy tax withholding obligations from RSU vesting. The company determined the number of withheld shares using the closing price of Antero Resources common stock on March 6, 2026, instead of Kennedy selling shares in the open market.

What is Michael N. Kennedy’s direct Antero Resources (AR) shareholding after these transactions?

After the reported awards and tax withholding, he directly owned 1,274,237 shares of Antero Resources common stock. This figure reflects the net result of RSU-related share issuance and the shares withheld to cover associated tax liabilities on March 7, 2026.

How can the number of PSUs earned by Michael N. Kennedy at AR change over time?

The number of PSUs ultimately earned can range from 0% to 200% of the target. Achievement depends on Antero Resources’ absolute total shareholder return over four performance periods and Kennedy’s continued service through each period’s end before settlement.