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    Paul M. Rady

    Chairman, CEO, and President at Antero Resources Corp
    Board
    Since May 2004
    Age
    70 years
    Tenure
    Joined as a director in 2004, has served as Chairman and Chief Executive Officer since May 2004, and was promoted to President on April 30, 2021.

    Also at Antero Resources Corp

    MNK
    Michael N. Kennedy
    CFO and Senior VP – Finance
    YKS
    Yvette K. Schultz
    Chief Compliance Officer, SVP Legal, General Counsel, and Corporate Secretary

    About

    Paul M. Rady is an experienced executive in the oil and gas industry, known for co-founding Antero Resources and playing a pivotal role since 2004.

    He has been at the helm as Chairman and Chief Executive Officer from May 2004 and took on the role of President on April 30, 2021, demonstrating a consistent track record of leadership and strategic decision-making.

    Before his tenure at Antero, he built a robust career with roles including CEO and Chairman of a predecessor company, President, CEO, and Chairman of Pennaco Energy, and various leadership positions at Barrett Resources, as well as beginning his career with Amoco. While detailed personal and educational backgrounds are not available, his professional journey highlights significant contributions to the industry.

    $AR Performance Under Paul M. Rady

    Past Roles

    OrganizationRoleDate RangeDetails
    Antero’s Predecessor Company CEO and Chairman 2002 – 2005 Sold to XTO Energy, Inc.
    Pennaco Energy President, CEO, and Chairman 1998 – 2001 Role ended with sale to Marathon Oil in 2001
    Barrett Resources Chief Geologist, Exploration Manager, EVP of Exploration, President, COO, Director, CEO 1990 – 1998 Held multiple leadership roles
    Amoco Geologist ~Pre-1990 (10 years) Worked on Rockies and Mid-Continent regions

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary$1,065,350 AnnualFixed annual salary as disclosed in the documents.
    All Other Compensation$14,751 AnnualIncludes allocated company 401(k) match and other benefits (perquisites such as financial planning services); exact breakdown not provided.

    Performance Compensation

    Data from  FY 2023

    Performance Metrics

    MetricPerformance ScoreWeight (%)Additional Details
    Meeting Budgeted D&C Capital130.1% 32.5% Part of Operational Strategy Execution; no explicit threshold provided.
    Meeting Budgeted Production Volumes200% 50.0% Exceeds target levels; key performance indicator for production.
    Net Debt/EBITDAX87.8% 11.0% Metric aimed at managing leverage; lower than 100% indicates underperformance relative to target.
    Total Net Debt0% 0% No weighting applied.
    Cash Costs138.9% 13.9% Indicates cost efficiency performance relative to targets.
    ESG Qualitative Assessment200% 30.0% Qualitative review on Environmental, Social, and Governance factors.

    Summary of Performance-Based Payout

    ItemDetailAdditional Details
    Preliminary Total Performance Score137.4% Sum of weighted operational metrics and ESG assessment.
    Discretionary Decrease(17.4)% Adjustment mandated by the Compensation Committee to align with shareholder interests.
    Final Total Performance Score120% Final score used to determine bonus payout.
    Target Bonus130% of base salary Based on annual cash incentive plan parameters.
    Maximum Payout Opportunity200% of target bonus Upper cap on bonus payout.

    Grant Date and Equity Awards

    • Grant Date: March 7, 2023
    • Grant Date Fair Value of Stock & Option Awards: $10,770,416
    • Vesting Schedule: Not applicable, as the annual cash incentive plan is a cash-based bonus.

    Note: All percentages and dollar amounts are as disclosed in the documents.