SM Energy EVP and COO receives RSU grant

McKenna Blake Douglas reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

McKenna Blake Douglas reported acquisition or exercise transactions in this Form 4 filing.

SM Energy Co granted EVP and COO McKenna Blake Douglas 46,639 restricted stock units. Each unit represents a contingent right to one share of common stock. The award vests in three equal annual installments beginning July 1, 2027, with shares delivered and restrictions lapsing at each vesting date.

Insider Trade Summary

Grant/Award: 46,639 shares

Grant/Award 1 txn

Insider McKenna Blake Douglas

Role EVP and COO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1	46,639	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 46,639 contracts (Direct)

Footnotes (1)

1. F1. 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, 2027. 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

Restricted stock units granted: 46,639 units Underlying common shares: 46,639 shares Price per RSU: 0.0000 per share +2 more

5 metrics

Restricted stock units granted 46,639 units Equity award to EVP and COO on 2026-07-24

Underlying common shares 46,639 shares Each RSU corresponds to one share of common stock, $.01 par value

Price per RSU 0.0000 per share Reported transaction price for the RSU grant

Vesting installments 3 installments RSUs vest in three equal annual installments beginning July 1, 2027

RSUs held after grant 46,639 units Total restricted stock units owned directly by the reporting person after the transaction

Key Terms

Restricted Stock Units, contingent right, vesting dates, par value

4 terms

Restricted Stock Units financial

"security title is listed as Restricted Stock Units"

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.

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share"

vesting dates financial

"The vested shares will be issued to the Reporting Person on the vesting dates"

par value financial

"underlying security title Common Stock, $.01 Par Value"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

FAQ

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

What insider equity award did SM (SM) grant to McKenna Blake Douglas?

SM Energy granted EVP and COO McKenna Blake Douglas 46,639 restricted stock units. Each RSU represents a right to receive one share of common stock, providing equity-based compensation aligned with the company’s share performance over time.

How do the 46,639 RSUs granted by SM Energy (SM) vest?

The 46,639 restricted stock units vest in three equal annual installments. Vesting begins on July 1, 2027, with one-third of the units vesting each year and shares delivered on the respective vesting dates.

What does each restricted stock unit represent in SM Energy (SM)’s Form 4?

Each restricted stock unit represents a contingent right to receive one share of SM Energy common stock. Actual shares are issued only on the vesting dates, when all restrictions on the vested shares lapse.

How many SM Energy (SM) RSUs does McKenna Blake Douglas hold after this grant?

Following this transaction, McKenna Blake Douglas holds 46,639 restricted stock units. These units correspond to the same number of potential common shares, subject to the three-year annual vesting schedule starting July 1, 2027.

Is the SM Energy (SM) RSU grant to McKenna Blake Douglas a market purchase or a compensation award?

The transaction is a grant or award acquisition of restricted stock units, not a market purchase. It reflects equity compensation provided by SM Energy to its EVP and COO rather than open-market share buying or selling.

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

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Accepted by SEC EDGAR 07/24/2026 - 04:19 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^*

McKenna Blake Douglas

(Last) (First) (Middle)

1700 LINCOLN STREET

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2026

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

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
Restricted Stock Units	(1)	07/24/2026		A		46,639		(1)	(1)	Common Stock, $.01 Par Value	46,639	$0	46,639	D

Explanation of Responses:

1. 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, 2027. 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.

Remarks:

	Andrew T. Fiske (Attorney-in-Fact)	07/24/2026
	** 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)