Quarterly report pursuant to Section 13 or 15(d)

Equity-Based Compensation (Tables)

v3.7.0.1
Equity-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2017
Equity-Based Compensation  
Schedule of equity-based compensation expense

The Company’s equity-based compensation expense, by type of award, was as follows for the three months ended March 31, 2016 and 2017 (in thousands):

 

 

 

 

 

 

 

 

 

 

Three months ended March 31,

 

 

  

2016

  

2017

 

Restricted stock unit awards

 

$

17,467

 

 

18,225

 

Stock options

 

 

660

 

 

620

 

Performance share unit awards

 

 

883

 

 

2,135

 

Antero Midstream phantom unit awards

 

 

3,988

 

 

4,043

 

Equity awards issued to directors

 

 

472

 

 

480

 

Total expense

 

$

23,470

 

 

25,503

 

 

Summary of restricted stock and restricted stock unit awards activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted
average

 

Aggregate

 

 

    

Number of
shares

    

grant date
fair value

    

intrinsic value
(in thousands)

 

Total awarded and unvested—December 31, 2016

 

5,353,447

 

$

31.77

 

$

126,609

 

Granted

 

37,178

 

$

25.62

 

 

 

 

Vested

 

(139,635)

 

$

28.71

 

 

 

 

Forfeited

 

(84,733)

 

$

25.87

 

 

 

 

Total awarded and unvested—March 31, 2017

 

5,166,257

 

$

31.87

 

$

117,842

 

 

Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted
average

 

average
remaining

 

Intrinsic

 

 

    

Stock
options

    

exercise
price

    

contractual
life

    

value
(in thousands)

  

Outstanding at December 31, 2016

 

687,929

 

$

50.46

 

8.12

 

$

 —

 

Granted

 

 —

 

$

 —

 

 

 

 

 

 

Exercised

 

 —

 

 

 —

 

 

 

 

 

 

Forfeited

 

(6,208)

 

$

50.00

 

 

 

 

 

 

Expired

 

 —

 

 

 —

 

 

 

 

 

 

Outstanding at March 31, 2017

 

681,721

 

$

50.47

 

7.87

 

$

 —

 

Vested or expected to vest as of  March 31, 2017

 

681,721

 

$

50.47

 

7.87

 

$

 —

 

Exercisable at March 31, 2017

 

216,924

 

$

51.18

 

7.60

 

$

 —

 

 

Summary of Performance Stock Unit activity

 

 

 

 

 

 

 

 

 

Number of
units

 

Weighted
average
grant date
fair value

 

Total awarded and unvested—December 31, 2016

 

785,301

 

$

29.75

 

Granted

 

 —

 

$

 —

 

Vested

 

(41,666)

 

$

27.38

 

Forfeited

 

 —

 

$

 —

 

Total awarded and unvested—March 31, 2017

 

743,635

 

$

29.88

 

 

Schedule of outstanding unvested restricted stock awards vesting schedule

 

 

 

 

 

 

 

 

 

 

 

 

Number of
units

 

Weighted
average
grant date
fair value

 

Aggregate
intrinsic value
(in thousands)

 

Total awarded and unvested—December 31, 2016

 

1,331,961

 

$

27.31

 

$

41,131

 

Granted

 

5,967

 

$

33.52

 

 

 

 

Vested

 

 —

 

$

 —

 

 

 

 

Forfeited

 

(16,327)

 

$

29.00

 

 

 

 

Total awarded and unvested—March 31, 2017

 

1,321,601

 

$

27.33

 

$

43,824