Energy
Antero Resources Executive Compensation (FY25)
AR · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Michael Kennedy | Latest say-on-pay support = June 3, 2026 | Chief executive pay ratio ◇ To the median employee |
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Data as of November 5, 2026Latest filing (8-K): June 4, 2026
14 filings cited on this page
Method: intel.velarion.ai/methodology
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168 figures on this page: 157 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
More on Antero Resources
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Michael Kennedy: $6,089,852 → $6,687,656 (9.8% higher)
Say-on-pay support: 70.3% → 95.3% (25.0 points higher)
CEO pay ratio: 105:1 → 65:1 (38.1% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Antero Resources' chief executive and what were they paid?
Total compensation for Michael Kennedy, Chief Executive Officer and President, came to $6,687,656 in fiscal 2025. Kennedy's total was 9.8% higher than the $6,089,852 reported for fiscal 2024.
What was Antero Resources' say-on-pay result?
The say-on-pay proposal drew 95.3% of votes cast including abstentions in favor at the meeting held June 3, 2026 for fiscal 2025.
Which companies are in Antero Resources' peer group?
The disclosed peer group includes APA Corp., Civitas Resources, Inc., Coterra Energy Inc., Devon Energy Corporation and Diamondback Energy Inc., among others.
What is Antero Resources' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 65:1, against median employee compensation of $137,783.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Paul Rady Chairman of the Board of Directors, Chief Executive Officer and President | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Michael Kennedy Chief Financial Officer, and Sr. Vice President— Finance | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Yvette Schultz Chief Compliance Officer, Sr. Vice President— Legal, General Counsel and Corporate Secretary | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Paul Rady Chairman of the Board of Directors, Chief Executive Officer and President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Michael Kennedy Chief Financial Officer, and Sr. Vice President— Finance | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Yvette Schultz Chief Compliance Officer, Sr. Vice President— Legal, General Counsel and Corporate Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Paul Rady Chairman of the Board, Chief Executive Officer and President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Michael Kennedy Chief Financial Officer and Senior Vice President—Finance | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Yvette Schultz Chief Compliance Officer, Senior Vice President—Legal, General Counsel and Corporate Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Paul Rady Chairman Emeritus and Former Chief Executive Officer and President Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Michael Kennedy Chief Executive Officer and President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Brendan Krueger Chief Financial Officer, Senior Vice President--Finance and Treasurer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Yvette Schultz Chief Compliance Officer, Senior Vice President--Legal, General Counsel and Corporate Secretary | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Paul Rady | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Michael Kennedy | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Yvette Schultz | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Brendan Krueger | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Benjamin A. Hardesty Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Jacqueline C. Mutschler | ◇ | ◇ | — | — | — | — | ◇ |
Brenda R. Schroer | ◇ | ◇ | — | — | — | — | ◇ |
Vasiliki (Vicky) Sutil | ◇ | ◇ | — | — | — | — | ◇ |
Thomas B. Tyree, Jr | ◇ | ◇ | — | — | — | — | ◇ |
W. Howard Keenan, Jr | ◇ | ◇ | — | — | — | — | ◇ |
Jeffrey S. Muñoz | ◇ | ◇ | — | — | — | — | ◇ |
Robert J. Clark | ◇ | ◇ | — | — | — | — | ◇ |
Paul M. Rady and Michael N. Kennedy served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
| Committee meeting fee | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- APA Corp. APA
- Civitas Resources, Inc. CIVI
- Coterra Energy Inc. CTRA
- Devon Energy Corporation DVN
- Diamondback Energy Inc. FANG
- EQT Corporation EQT
- Expand Energy Corporation EXE
- Murphy Oil Corporation MUR
- Ovintiv Inc. OVV
- Range Resources Corporation RRC
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 3, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | June 4, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | June 5, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 6, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | June 7, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | June 16, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | June 17, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | June 19, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | June 20, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | June 21, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | June 22, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Antero Resources disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Antero Resources sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
168 figures on this page: 157 cited to the filing that reported them, 11 calculated from figures it prints.
157 cited to the filing
11 calculated from the filing
Documents cited
- 0001104659-26-070581Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001308179-26-0003302025 Non-Employee Director Compensation · 2025 Summary Compensation Table · COMPENSATION OF DIRECTORS · Chief Executive Officer Pay Ratio · and 1 more section
- 0001104659-25-056937Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001308179-25-0004932024 Summary Compensation Table
- 0001104659-24-069133Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001308179-24-000581Summary Compensation Table
- 0001104659-23-069437Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-22-069347Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-21-084190Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-20-075243Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-19-036712Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-18-042061Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-17-041547Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-16-129064
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Antero Resources executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/AR (accessed 2026).
Short form: data: Velarion
The paid brief for Antero Resources
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$500 for the Executive Compensation Report. Both reports for $900.
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Antero Resources discloses
The companies named in AR's own disclosed peer group.
Terms on this page
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}