Energy Co (SM) EVP nets 14,837 shares after RSU vesting and tax

Rhea-AI Filing Summary

Energy Co executive James Barker, EVP Corp Development & GC, reported equity compensation activity in company common stock. On January 23, 2026, a grant of 14,698 restricted stock units vested in one installment, with each unit converting into one share of common stock at an exercise price of $0.00, increasing his directly held shares to 21,628.

On the same date, 6,791 shares were disposed of at $18.75 per share under code "F", indicating shares were withheld to cover taxes associated with the vesting. Following these transactions, Barker directly owned 14,837 shares of Energy Co common stock.

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

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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^*

Lebeck James Barker

(Last) (First) (Middle)

1700 LINCOLN STREET

SUITE 3200

(Street)

DENVER CO 80203

(City) (State) (Zip)

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 Corp Development & GC

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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

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

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

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	01/23/2026		M		14,698	A	(1)	21,628	D
Common Stock, $.01 Par Value	01/23/2026		F		6,791	D	$18.75	14,837	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. Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vested in one installment and was issued to the Reporting Person on January 23, 2026, at which time all restrictions on the vested shares lapsed.

Remarks:

	Andrew T. Fiske (Attorney-in-Fact)	01/26/2026
	** 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.

FAQ

What insider transaction did Energy Co (SM) report for James Barker?

Energy Co reported that EVP Corp Development & GC James Barker had 14,698 restricted stock units vest into common shares on January 23, 2026, followed by a tax-related share withholding.

How many Energy Co shares vested for James Barker on January 23, 2026?

A grant of 14,698 restricted stock units vested in one installment on January 23, 2026, with each unit converting into one share of common stock.

Why did James Barker dispose of 6,791 Energy Co shares at $18.75?

The Form 4 shows a transaction coded "F" for 6,791 shares at $18.75 per share, indicating shares were withheld to satisfy tax obligations arising from the restricted stock unit vesting.

What is James Barker’s Energy Co share ownership after these transactions?

After the reported transactions on January 23, 2026, James Barker directly owned 14,837 shares of Energy Co common stock.

What does the restricted stock unit footnote in the Energy Co Form 4 explain?

The footnote explains that each restricted stock unit represents a contingent right to receive one share, and that the grant vested in one installment on January 23, 2026, when all restrictions on the vested shares lapsed.

What is James Barker’s role at Energy Co in this Form 4 filing?

In this filing, James Barker is identified as an officer of Energy Co, serving as EVP Corp Development & GC.