SM Energy director receives stock grant

van Kempen Wouter T. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

van Kempen Wouter T. reported acquisition or exercise transactions in this Form 4 filing.

SM Energy Co director Wouter T. van Kempen received a grant of 6,166 shares of common stock as compensation for board service. These shares are structured as restricted stock that will vest in full on December 31, 2026. Following this award, he directly holds 141,551 shares of SM Energy common stock.

Insider Trade Summary

Grant/Award: 6,166 shares

Grant/Award 1 txn

Insider van Kempen Wouter T.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $.01 Par Value	6,166	$0.00	$0.00

Holdings After Transaction: Common Stock, $.01 Par Value — 141,551 shares (Direct)

Footnotes (1)

1. F1. On June 22, 2026, the Reporting Person was granted 6,166 shares of the Issuer's common stock for compensation as a board member. These shares of restricted stock will vest in full on December 31, 2026.

Key Figures

Shares granted: 6,166 shares Grant price: $0.00 per share Total shares after grant: 141,551 shares +1 more

4 metrics

Shares granted 6,166 shares Restricted stock grant on June 22, 2026

Grant price $0.00 per share Equity compensation, not a cash purchase

Total shares after grant 141,551 shares Direct holdings following the transaction

Vesting date December 31, 2026 Restricted stock vests in full on this date

Key Terms

restricted stock, grant, equity compensation

3 terms

restricted stock financial

"These shares of restricted stock will vest in full on December 31, 2026."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

grant financial

"the Reporting Person was granted 6,166 shares of the Issuer's common stock"

equity compensation financial

"granted 6,166 shares of the Issuer's common stock for compensation as a board member"

Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did SM Energy (SM) director Wouter T. van Kempen report in this Form 4?

He reported receiving a grant of 6,166 shares of SM Energy common stock as compensation for serving on the board. The transaction is a share award, not an open-market purchase or sale, and carries a reported price of $0.00 per share.

Is the SM Energy (SM) stock grant to Wouter T. van Kempen immediately vested?

No. The 6,166-share grant is restricted stock that will vest in full on December 31, 2026. Until vesting, the award remains subject to the company’s vesting conditions associated with his service as a board member.

How many SM Energy (SM) shares does Wouter T. van Kempen hold after this grant?

After the reported grant, he directly holds 141,551 shares of SM Energy common stock. This total includes the newly awarded 6,166 restricted shares, as shown in the Form 4’s post-transaction ownership figure.

Was cash paid for the 6,166 SM Energy (SM) shares reported in this filing?

No cash was paid for these shares. The Form 4 lists a transaction price of $0.00 per share, indicating the 6,166 shares were granted as equity compensation for his role as a board member.

What type of transaction does the Form 4 for SM Energy (SM) classify this as?

The transaction is coded “A,” described as a grant, award, or other acquisition. It reflects an equity compensation grant of common stock, not an open-market trade, and is categorized as a non-derivative acquisition of shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/23/2026 - 04:37 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

van Kempen Wouter T.

(Last) (First) (Middle)

1700 LINCOLN ST

SUITE 3200

(Street)

DENVER COLORADO 80203

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SM Energy Co [ SM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.01 Par Value	06/22/2026		A(1)		6,166	A	$0	141,551	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On June 22, 2026, the Reporting Person was granted 6,166 shares of the Issuer's common stock for compensation as a board member. These shares of restricted stock will vest in full on December 31, 2026.

Remarks:

	Andrew T. Fiske (Attorney-in-Fact)	06/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)