Form 4: Antero Midstream Corp Executive Reports Stock Transactions Following PSU Vesting
SEC Form 4 Filing
Yvette K. Schultz, a Senior Vice President at Antero Midstream Corp, reports the acquisition and disposal of company stock related to the vesting of performance share units (PSUs) and tax withholding obligations.
Summary
- On February 27, 2025, Yvette K. Schultz, a Senior Vice President at Antero Midstream Corp, reported transactions involving the company's common stock.
- The transactions are related to the vesting of performance share units (PSUs) granted on April 15, 2022, which vested based on the Issuer's return on invested capital over a three year period.
- Schultz acquired 110,814 shares of common stock upon the vesting of the PSUs.
- Simultaneously, 48,738 shares were disposed of at a price of $16.22 to cover tax withholding obligations related to the PSU vesting.
- Following these transactions, Schultz beneficially owns 529,067 shares of Antero Midstream Corp.
- 331,615 shares of Common Stock are subject to previously granted restricted stock unit awards that remain subject to vesting.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions related to executive compensation. It doesn't inherently indicate positive or negative performance.
Positives
- The vesting of PSUs indicates that performance targets related to return on invested capital were met over the three-year performance period.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the vesting of previously awarded compensation.
Key Dates
| Date | Description |
|---|---|
| April 15, 2022 | Original grant date of the performance share units (PSUs). |
| February 27, 2025 | Date of the reported transactions: PSU vesting and tax withholding. |
| March 03, 2025 | Date of signature on the Form 4 filing. |
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