Kenneth J. Knott - Sep 1, 2022 Form 4 Insider Report for SM Energy Co (SM)

Signature
Andrew T. Fiske (Attorney-in-Fact)
Stock symbol
SM
Transactions as of
Sep 1, 2022
Transactions value $
-$615,922
Form type
4
Date filed
9/2/2022, 06:19 PM
Previous filing
Aug 2, 2022
Next filing
Jul 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SM Common Stock, $.01 Par Value Options Exercise +36.1K +37.43% 132K Sep 1, 2022 Direct F1
transaction SM Common Stock, $.01 Par Value Tax liability -$616K -14K -10.55% $44.07 118K Sep 1, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 1, 2022, the Compensation Committee of the Board of Directors of the Issuer determined that 36,066 shares of the Issuer's common stock had been earned by the Reporting Person under the terms of a grant of performance share units ("PSUs"), based on the achievement of specific performance criteria that were not tied solely to the market price of the Issuer's common stock. The PSUs were granted to the Reporting Person on July 1, 2019, and represent the right to receive, upon the settlement of the PSUs, the determined number of earned shares of the Issuer's common stock based on the achievement of the performance criteria over a three-year performance period (with the determined number of earned shares being within a range of zero to two times the number of PSUs granted on the award date), to the extent that the PSUs have vested under separate employment service vesting provisions. The PSUs were fully vested on July 1, 2022.