SM Energy (SM) CFO nets new shares after RSU vesting and ESPP buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SM Energy executive vice president and CFO A. Wade Pursell reported several compensation-related stock movements. On July 1, 2026, he exercised restricted stock units that delivered a total of 37,398 shares of common stock. To cover tax obligations, the company withheld 13,681 shares at a price of $26.10 per share, which were reported as dispositions but were not open-market sales.
The filing also shows that on June 30, 2026, Pursell purchased 190 shares of common stock through the company’s Employee Stock Purchase Plan at $15.90 per share. After these transactions, he directly held 406,450 shares of SM Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
37,398 shares exercised/converted
Mixed
10 txns
Insider
PURSELL A WADE
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,855 | $0.00 | -- |
| Exercise | Restricted Stock Units | 9,543 | $0.00 | -- |
| Exercise | Restricted Stock Units | 16,000 | $0.00 | -- |
| Exercise | Common Stock, $.01 Par Value | 11,855 | $0.00 | -- |
| Tax Withholding | Common Stock, $.01 Par Value | 3,705 | $26.10 | $97K |
| Exercise | Common Stock, $.01 Par Value | 9,543 | $0.00 | -- |
| Tax Withholding | Common Stock, $.01 Par Value | 4,176 | $26.10 | $109K |
| Exercise | Common Stock, $.01 Par Value | 16,000 | $0.00 | -- |
| Tax Withholding | Common Stock, $.01 Par Value | 5,800 | $26.10 | $151K |
| Other | Common Stock, $.01 Par Value | 190 | $15.90 | $3K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock, $.01 Par Value — 410,155 shares (Direct, null)
Footnotes (1)
- The Reporting Person purchased 190 shares of the Issuer's common stock on June 30, 2026, through the Issuer's Employee Stock Purchase Plan. 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, 2024. The vested shares were issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares lapsed. 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, 2025. 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. 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 vesting dates, at which time all restrictions on the vested shares will lapse.
Key Figures
RSU shares exercised: 37,398 shares
Tax-withheld shares: 13,681 shares
Tax-withholding price: $26.10 per share
+2 more
5 metrics
RSU shares exercised
37,398 shares
Common stock received from restricted stock unit vesting on July 1, 2026
Tax-withheld shares
13,681 shares
Shares withheld at $26.10 per share to cover tax liabilities
Tax-withholding price
$26.10 per share
Price used for F-code tax-withholding dispositions on July 1, 2026
ESPP purchase
190 shares at $15.90
Shares bought June 30, 2026 through Employee Stock Purchase Plan
Shares held after transactions
406,450 shares
Direct common stock holdings following July 1, 2026 entries
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, tax-withholding disposition, derivative exercise/conversion
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee Stock Purchase Plan financial
"purchased 190 shares of the Issuer's common stock on June 30, 2026, through the Issuer's Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
FAQ
What insider transactions did SM Energy (SM) CFO A. Wade Pursell report?
A. Wade Pursell reported exercising restricted stock units for 37,398 SM Energy shares and share withholding of 13,681 shares for taxes on July 1, 2026, plus buying 190 shares through the Employee Stock Purchase Plan on June 30, 2026.