SM Energy COO exercises 4,160 RSUs
SM Energy EVP and COO Blake Douglas McKenna reported routine equity compensation activity involving restricted stock units and related tax withholding.
Rhea-AI Filing Summary
SM Energy EVP and COO Blake Douglas McKenna reported routine equity compensation activity involving restricted stock units and related tax withholding. On July 1, 2026, he exercised 4,160 restricted stock units into common shares, and 1,196 shares were disposed of at $26.10 per share to cover tax obligations. Following these transactions, the filing shows 2,964 shares of common stock held directly and 8,321 restricted stock units outstanding. Footnotes state that the restricted stock unit grant vests in three equal annual installments beginning on July 1, 2026, with vested shares delivered as they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,160 shares exercised/converted
Exercise
3 txns
Insider
McKenna Blake Douglas
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,160 | $0.00 | $0.00 |
| Exercise | Common Stock, $.01 Par Value | 4,160 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $.01 Par Value | 1,196 | $26.10 | $31K |
Holdings After Transaction:
Restricted Stock Units — 8,321 contracts (Direct);
Common Stock, $.01 Par Value — 2,964 shares (Direct)
Footnotes (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, 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
RSUs exercised: 4,160 units
Tax-withholding shares: 1,196 shares
Tax-withholding price: $26.10 per share
+3 more
6 metrics
RSUs exercised
4,160 units
Restricted stock units converted to common shares on July 1, 2026
Tax-withholding shares
1,196 shares
Shares disposed of to cover tax obligations at $26.10 per share
Tax-withholding price
$26.10 per share
Value applied to 1,196 shares used for tax withholding
Common shares held
2,964 shares
Direct SM Energy common stock holdings after reported transactions
RSUs outstanding
8,321 units
Restricted stock units remaining after derivative exercise entry
RSU vesting schedule
3 equal annual installments
Vesting begins July 1, 2026, per footnote
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security
3 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.
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 security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SM Energy (SM) report for Blake Douglas McKenna?
SM Energy reported that EVP and COO Blake Douglas McKenna exercised 4,160 restricted stock units into common shares and had 1,196 shares disposed of to cover tax obligations. These transactions reflect routine equity compensation activity rather than open-market buying or selling.
What restricted stock unit activity did SM Energy report for Blake McKenna?
The filing records an exercise of 4,160 restricted stock units into SM Energy common stock and indicates 8,321 restricted stock units outstanding afterward. Each restricted stock unit represents a contingent right to receive one share upon vesting and issuance, subject to the award’s terms.
What is the vesting schedule for Blake McKenna’s SM Energy restricted stock units?
Footnotes explain that Blake Douglas McKenna’s restricted stock unit grant vests in three equal annual installments beginning on July 1, 2026. Vested shares will be issued to him on each vesting date, at which point the associated restrictions on those shares will lapse.
Does Blake McKenna’s Form 4 show open-market buying or selling of SM Energy stock?
The Form 4 does not show open-market purchases or sales. Instead, it reports a derivative exercise of 4,160 restricted stock units into common shares and a tax-withholding disposition of 1,196 shares. These are compensation-related transactions rather than discretionary market trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
