Paul M. Rady is the CEO and Chairman of Antero Resources Corporation, where he has been leading since its early days in 2004. His experience in the oil and gas industry is extensive, having served in various roles including as...

Number of Employees

604

Year

2023

Total Compensation

$6.11M

Salary

$364.65K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate exceptional executive talent by providing a competitive mix of fixed, time-based, and performance-based compensation, aligning executive pay with company performance.

Bonus

$946.19K

Board Justification

The annual cash bonus for 2023 was determined based on performance metrics including Free Cash Flow after Dividends, Net Debt/EBITDA, Return on Invested Capital, and ESG, with a performance score of 199.6% of the target bonus.

Other

$5.05K

Board Justification

This includes the allocated portion of Antero Resource’s 401(k) match for the CEO.

Restricted Stock

$4.80M(451.63K RSU)

Board Justification

The vested stock for 2023 includes restricted stock units that vested ratably on the first three anniversaries of the grant date, subject to continued employment.

Performance Metrics

The performance metrics for 2023 included Free Cash Flow after Dividends, Net Debt/EBITDA, Return on Invested Capital, and ESG factors.

SEC Filing

From April 25, 2024

Paul M. Rady

Founder and CEO of Antero Midstream Corporation

A

Education

Field of Expertise

Business & Management

Born

Invalid Date - 0 years ago

Is Founder?

Yes

Current Tenure

5 years 10 months (Mar 2019 - Present)

Previous Experience

Chief Executive Officer and Chairman of Antero Resources Corporation’s predecessor company from its founding in 2002 to its ultimate sale to XTO Energy, Inc. in 2005. Served as President, CEO and Chairman of Pennaco Energy from 1998 until its sale to Marathon in 2001. Worked with Barrett Resources from 1990 until 1998, moving from Chief Geologist to Exploration Manager, EVP Exploration; President, COO and Director; and ultimately CEO. Began his career with Amoco, where he served ten years as a geologist focused on the Rockies and Mid-Continent.