SM Energy EVP exercises RSUs, covers taxes in shares
SM Energy Co executive James Barker Lebeck reported compensation-related equity activity, not open-market trading.
Rhea-AI Filing Summary
SM Energy Co executive James Barker Lebeck reported compensation-related equity activity, not open-market trading. On July 1, he exercised a total of 22,257 restricted stock units into common shares and used 9,740 shares, valued at $26.10 each, to cover tax obligations via share withholding. These events are recorded as derivative exercises and tax-withholding dispositions rather than market sales. A separate June 30 entry shows he acquired 622 common shares at $15.90 per share through SM Energy’s Employee Stock Purchase Plan, increasing his direct equity exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary
22,257 shares exercised/converted
Exercise
10 txns
Insider
Lebeck James Barker
Role
EVP, GC & Corp Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,269 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 6,108 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 10,880 | $0.00 | $0.00 |
| Exercise | Common Stock, $.01 Par Value | 5,269 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $.01 Par Value | 2,306 | $26.10 | $60K |
| Exercise | Common Stock, $.01 Par Value | 6,108 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $.01 Par Value | 2,673 | $26.10 | $70K |
| Exercise | Common Stock, $.01 Par Value | 10,880 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $.01 Par Value | 4,761 | $26.10 | $124K |
| Other | Common Stock, $.01 Par Value | 622 | $15.90 | $10K |
Holdings After Transaction:
Restricted Stock Units — 27,870 contracts (Direct);
Common Stock, $.01 Par Value — 27,976 shares (Direct)
Footnotes (4)
- F1. The Reporting Person purchased 622 shares of the Issuer's common stock on June 30, 2026, through the Issuer's Employee Stock Purchase Plan.
- F2. 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 will be issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares will lapse.
- F3. 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, 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.
- F4. 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: 22,257 shares
Shares withheld for taxes: 9,740 shares
Tax withholding reference price: $26.10 per share
+3 more
6 metrics
RSUs exercised
22,257 shares
Derivative exercises on July 1, 2026
Shares withheld for taxes
9,740 shares
Tax-withholding dispositions at $26.10 per share
Tax withholding reference price
$26.10 per share
Value used for F-code withholding transactions
ESPP purchase shares
622 shares
Common stock acquired June 30, 2026 via ESPP
ESPP purchase price
$15.90 per share
Price for 622 ESPP shares on June 30, 2026
Tax-withholding transactions
3 events
F-code dispositions totaling 9,740 shares
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, tax-withholding disposition, derivative security
4 terms
Restricted Stock Units financial
"security_title": "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.
Employee Stock Purchase Plan financial
"purchased 622 shares ... 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
"transaction_action": "tax-withholding disposition""
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
"transaction_code_description": "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 did SM (SM) executive James Barker Lebeck report in this Form 4?
James Barker Lebeck reported equity compensation activity, including restricted stock unit exercises and related tax-withholding dispositions, plus an Employee Stock Purchase Plan acquisition. The filing reflects routine compensation and tax events, not discretionary open-market buying or selling of SM Energy Co shares.
How many SM (SM) restricted stock units did James Barker Lebeck exercise?
He exercised 22,257 restricted stock units into SM Energy Co common stock. These exercises are coded as derivative transactions and reflect the conversion of previously granted equity awards into shares, consistent with vesting schedules described in the filing’s restricted stock unit footnotes.
Did James Barker Lebeck make any open-market sales of SM (SM) stock?
The filing shows no open-market sales of SM Energy Co shares. Dispositions are tax-withholding events tied to equity vesting, coded "F," and there are no transactions marked as sales. Net buy-sell activity is neutral according to the transaction summary data provided.
How does this Form 4 affect James Barker Lebeck’s ownership in SM (SM)?
The Form 4 reflects increased direct ownership through RSU exercises and an Employee Stock Purchase Plan purchase, partially offset by tax-withholding share dispositions. Overall, it documents routine compensation and administrative activity rather than a strategic change in his SM Energy Co shareholding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
