A. Wade Pursell - Jul 3, 2023 Form 4 Insider Report for SM Energy Co (SM)

Role
EVP & CFO
Signature
Andrew T. Fiske (Attorney-in-Fact)
Stock symbol
SM
Transactions as of
Jul 3, 2023
Transactions value $
-$647,072
Form type
4
Date filed
7/6/2023, 04:15 PM
Previous filing
May 8, 2023
Next filing
Jul 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SM Common Stock, $.01 Par Value Other $2.61K +98 +0.03% $26.61 352K Jun 30, 2023 Direct F1
transaction SM Common Stock, $.01 Par Value Options Exercise +27.9K +7.92% 380K Jul 3, 2023 Direct F2
transaction SM Common Stock, $.01 Par Value Tax liability -$323K -10.2K -2.69% $31.63 370K Jul 3, 2023 Direct
transaction SM Common Stock, $.01 Par Value Options Exercise +13.1K +3.53% 383K Jul 3, 2023 Direct F3
transaction SM Common Stock, $.01 Par Value Tax liability -$181K -5.72K -1.49% $31.63 377K Jul 3, 2023 Direct
transaction SM Common Stock, $.01 Par Value Options Exercise +10.5K +2.79% 388K Jul 3, 2023 Direct F4
transaction SM Common Stock, $.01 Par Value Tax liability -$145K -4.6K -1.19% $31.63 383K Jul 3, 2023 Direct

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 -27.9K -100% 0 Jul 3, 2023 Common Stock, $.01 Par Value 27.9K Direct F2
transaction SM Restricted Stock Units Options Exercise -13.1K -50% 13.1K Jul 3, 2023 Common Stock, $.01 Par Value 13.1K Direct F3
transaction SM Restricted Stock Units Options Exercise -10.5K -33.33% 21K Jul 3, 2023 Common Stock, $.01 Par Value 10.5K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person purchased 98 shares of the Issuer's common stock on June 30, 2023, through the Issuer's Employee Stock Purchase Plan.
F2 Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vested in three equal installments on December 14, 2021, July 1, 2022 and July 1, 2023. The vested shares were issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares lapsed.
F3 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 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.
F4 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, 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.