Quarterly report pursuant to Section 13 or 15(d)

Equity-Based Compensation and Cash Awards (Tables)

v3.22.2.2
Equity-Based Compensation and Cash Awards (Tables)
9 Months Ended
Sep. 30, 2022
Schedule of equity based compensation by type of award

Three Months Ended

Nine Months Ended

September 30,

September 30,

(in thousands)

2021

2022

2021

2022

Restricted stock units (1)

$

2,905

4,525

8,608

11,438

Performance share units (1)

123

833

1,036

1,938

Equity awards issued to directors

227

195

682

650

Total expense

$

3,255

5,553

10,326

14,026

(1) Amounts include equity-based compensation expense allocated to the Company by Antero Resources.
Summary of RSU awards activity

Weighted Average

Number

Grant Date

    

of Units

    

Fair Value

Total AM LTIP RSUs awarded and unvested—December 31, 2021

3,573,377

$

8.11

Granted

2,750,896

11.28

Vested

(1,243,878)

8.40

Forfeited

(159,119)

9.37

Total AM LTIP RSUs awarded and unvested—September 30, 2022

4,921,276

$

9.77

ROIC PSUs  
Summary of PSU awards activity

Weighted Average

Number

Grant Date

    

of Units

    

Fair Value

Total AM LTIP PSUs awarded and unvested—December 31, 2021

116,526

$

6.32

Granted

461,121

11.05

Vested (1)

(137,712)

6.32

Forfeited

Total AM LTIP PSUs awarded and unvested—September 30, 2022

439,935

$

11.28

(1) The performance condition for these vested PSUs was met at 200% of target and as such, they converted into 275,424 shares of the Company’s common stock during the second quarter of 2022.