Herbert S. Vogel - 24 Jul 2025 Form 4 Insider Report for SM Energy Co (SM)

Reporting relationship: President & CEO, Director
Issuer ticker: SM
Reported as of: 24 Jul 2025
Net transaction value: -$310,506
SEC form: 4
Accepted by SEC: 25 Jul 2025, 16:46:22 UTC
Prior SEC filing: 03 Jul 2025
Source filing: View source filing
Reporting owner signature: Andrew T. Fiske (Attorney-in-Fact)

Key filing fact

Herbert S. Vogel filed Form 4 for SM Energy Co (SM) on 25 Jul 2025.

Key facts

This page summarizes Herbert S. Vogel's Form 4 filing for SM Energy Co (SM).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 25 Jul 2025, 16:46.

Change

Previous filing in this sequence was filed on 03 Jul 2025.
Current net transaction value: -$310,506.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001544288 Primary reporting owner

Vogel Herbert S

Relationship: President & CEO, Director
Address: 1700 LINCOLN STREET, SUITE 3200, DENVER
Signature: Andrew T. Fiske (Attorney-in-Fact)
Signature date: 25 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SM transaction

Common Stock, $.01 Par Value

Options Exercise

Transaction value
Shares: +28,721
Change %: +5.5%
Price
Shares after: 548,643
Date: 24 Jul 2025
Ownership: Direct
Footnotes: F1

SM transaction

Common Stock, $.01 Par Value

Tax liability

Transaction value: $310,506
Shares: -12,566
Change %: -2.3%
Price: $24.71
Shares after: 536,077
Date: 24 Jul 2025
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SM transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +84,485
Change %
Price: $0.000000
Shares after: 84,485
Date: 25 Jul 2025
Ownership: Direct
Underlying class: Common Stock, $.01 Par Value
Underlying amount: 84,485
Exercise price
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

On July 24, 2025, 28,721 shares the Issuer's common stock were issued to the Reporting Person under the terms of a performance share unit ("PSU") award, based on the determination by the Compensation Committee of the Board of Directors of the Issuer regarding achievement of time-based vesting provisions and 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, 2022, and represented the contingent right to receive between 0% to 200% of that number of shares of the Issuer's common stock based on the achievement of the vesting and performance criteria over a three-year performance period. The PSUs were fully vested on July 1, 2025.

Footnote F2

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 January 1, 2026. 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.