Herbert S. Vogel - Jul 3, 2023 Form 4 Insider Report for SM Energy Co (SM)

Role
President & CEO, Director
Signature
Andrew T. Fiske (Attorney-in-Fact)
Stock symbol
SM
Transactions as of
Jul 3, 2023
Transactions value $
-$1,431,181
Form type
4
Date filed
7/6/2023, 04:22 PM
Previous filing
Mar 16, 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 $12K +451 +0.11% $26.61 407K Jun 30, 2023 Direct F1
transaction SM Common Stock, $.01 Par Value Options Exercise +65.8K +16.18% 472K Jul 3, 2023 Direct F2
transaction SM Common Stock, $.01 Par Value Tax liability -$910K -28.8K -6.09% $31.63 444K Jul 3, 2023 Direct
transaction SM Common Stock, $.01 Par Value Options Exercise +20.9K +4.71% 464K Jul 3, 2023 Direct F3
transaction SM Common Stock, $.01 Par Value Tax liability -$289K -9.15K -1.97% $31.63 455K Jul 3, 2023 Direct
transaction SM Common Stock, $.01 Par Value Options Exercise +17.6K +3.87% 473K Jul 3, 2023 Direct F4
transaction SM Common Stock, $.01 Par Value Tax liability -$244K -7.7K -1.63% $31.63 465K 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 -65.8K -100% 0 Jul 3, 2023 Common Stock, $.01 Par Value 65.8K Direct F2
transaction SM Restricted Stock Units Options Exercise -20.9K -50% 20.9K Jul 3, 2023 Common Stock, $.01 Par Value 20.9K Direct F3
transaction SM Restricted Stock Units Options Exercise -17.6K -33.33% 35.2K Jul 3, 2023 Common Stock, $.01 Par Value 17.6K 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 451 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 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.
F4 Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in six equal biannual installments beginning on January 1, 2023. The vested shares will be issued to the Reporting Person on the earlier of such Reporting Person's retirement from the Issuer or July 1 of the applicable year, at which time all restrictions on the vested shares will lapse.