Mary Ellen Lutey - 01 Jul 2022 Form 4 Insider Report for SM Energy Co (SM)

Role: SVP - Expl., Development & EHS
Signature: Andrew T. Fiske (Attorney-in-Fact)
Issuer symbol: SM
Transactions as of: 01 Jul 2022
Net transactions value: -$207,964
Form type: 4
Filing time: 06 Jul 2022, 17:22:35 UTC
Previous filing: 23 Mar 2022
Next filing: 02 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SM	Common Stock, $.01 Par Value	Other	$7,117	+284	+0.39%	$25.06	72,857	30 Jun 2022	Direct	F1
transaction	SM	Common Stock, $.01 Par Value	Other	$7,017	+280	+0.8%	$25.06	35,438	30 Jun 2022	By Spouse	F2, F3
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+4,190	+5.8%		77,047	01 Jul 2022	Direct	F4
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$41,404	-1,211	-1.6%	$34.19	75,836	01 Jul 2022	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+1,801	+5.1%		37,239	01 Jul 2022	By Spouse	F3, F5
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$17,813	-521	-1.4%	$34.19	36,718	01 Jul 2022	By Spouse	F3
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+8,013	+11%		83,849	01 Jul 2022	Direct	F6
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$79,184	-2,316	-2.8%	$34.19	81,533	01 Jul 2022	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+3,205	+8.7%		39,923	01 Jul 2022	By Spouse	F3, F7
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$31,694	-927	-2.3%	$34.19	38,996	01 Jul 2022	By Spouse	F3
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+3,756	+4.6%		85,289	01 Jul 2022	Direct	F8
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$37,130	-1,086	-1.3%	$34.19	84,203	01 Jul 2022	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+1,502	+3.9%		40,498	01 Jul 2022	By Spouse	F3, F9
transaction	SM	Common Stock, $.01 Par Value	Tax liability	$14,873	-435	-1.1%	$34.19	40,063	01 Jul 2022	By Spouse	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SM	Restricted Stock Units	Options Exercise		-4,190	-100%		0	01 Jul 2022	Common Stock, $.01 Par Value	4,190		Direct	F4
transaction	SM	Restricted Stock Units	Options Exercise		-1,801	-100%		0	01 Jul 2022	Common Stock, $.01 Par Value	1,801		By Spouse	F3, F5
transaction	SM	Restricted Stock Units	Options Exercise		-8,013	-50%		8,013	01 Jul 2022	Common Stock, $.01 Par Value	8,013		Direct	F6
transaction	SM	Restricted Stock Units	Options Exercise		-3,205	-50%		3,205	01 Jul 2022	Common Stock, $.01 Par Value	3,205		By Spouse	F3, F7
transaction	SM	Restricted Stock Units	Options Exercise		-3,756	-33%		7,514	01 Jul 2022	Common Stock, $.01 Par Value	3,756		Direct	F8
transaction	SM	Restricted Stock Units	Options Exercise		-1,502	-33%		3,006	01 Jul 2022	Common Stock, $.01 Par Value	1,502		By Spouse	F3, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person purchased 284 shares of the Issuer's common stock on June 30, 2022, through the Issuer's Employee Stock Purchase Plan.
F2	The Reporting Person's spouse purchased 280 shares of the Issuer's common stock on June 30, 2022, through the Issuer's Employee Stock Purchase Plan.
F3	The Reporting Person's spouse is also employed by the Issuer, purchases the Issuer's common stock through the Issuer's Employee Stock Purchase Plan, and is eligible to receive awards under the Issuer's equity incentive compensation plan.
F4	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vested in three equal annual installments beginning on July 1, 2020. The vested shares will be issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares will lapse.
F5	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vested in three equal annual installments beginning on July 1, 2020. The vested shares will be issued to the Reporting Person's spouse on the vesting dates, at which time all restrictions on the vested shares will lapse.
F6	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal installments on December 14, 2021, July 1, 2022 and July 1, 2023. The vested shares will be issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares will lapse.
F7	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal installments on December 14, 2021, July 1, 2022 and July 1, 2023. The vested shares will be issued to the Reporting Person's spouse on the vesting dates, at which time all restrictions on the vested shares will lapse.
F8	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal annual installments beginning on July 1, 2022. The vested shares will be issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares will lapse.
F9	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal annual installments beginning on July 1, 2022. The vested shares will be issued to the Reporting Person's spouse on the vesting dates, at which time all restrictions on the vested shares will lapse.