Form 4: Antero Midstream Corp Executive Michael N. Kennedy Reports Stock Transactions
SEC Form 4
Michael N. Kennedy, a Senior Vice President at Antero Midstream Corp, reports the acquisition and disposal of company stock to settle performance share units and cover tax obligations.
Summary
- On February 27, 2025, Michael N. Kennedy, a Senior Vice President at Antero Midstream Corp, acquired 144,060 shares of common stock through the vesting of performance share units (PSUs).
- These PSUs were originally granted on April 15, 2022, and vested based on the company's return on invested capital over a three-year period.
- To cover tax withholding obligations related to the PSU settlement, 63,360 shares were withheld by the issuer at a price of $16.22 per share.
- Following these transactions, Kennedy directly owns 1,289,922 shares of Antero Midstream Corp, which includes 541,431 shares subject to vesting restrictions.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, providing transparency to investors about insider activity. It is typical for executives to receive stock-based compensation and for shares to be withheld to cover tax obligations upon vesting.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/15/2022 | Original grant date of the performance share units (PSUs). |
| 02/27/2025 | Date of stock acquisition and disposal related to PSU vesting and tax withholding. |
| 03/03/2025 | Date of the Form 4 filing. |
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