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SM Energy (SM) director awarded 9,024 restricted shares as board compensation

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Willard Howard A. reported acquisition or exercise transactions in this Form 4 filing.

SM Energy Co director Willard Howard A. received an equity award of 9,024 shares of common stock as compensation for board service on June 22, 2026. These shares are granted as restricted stock that will vest in full on December 31, 2026. Following this award, he directly holds 81,986 common shares. This was a compensation-related grant at no cash cost to the director, not an open‑market purchase or sale.

Positive

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Negative

  • None.
Insider Willard Howard A.
Role null
Type Security Shares Price Value
Grant/Award Common Stock, $.01 Par Value 9,024 $0.00 --
Holdings After Transaction: Common Stock, $.01 Par Value — 81,986 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Restricted stock grant 9,024 shares Equity award to director on June 22, 2026
Shares held after grant 81,986 shares Director’s direct common stock holdings following transaction
Grant price per share $0.00 per share Reported transaction price for the restricted stock award
Vesting date December 31, 2026 Restricted stock vests in full on this date
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.
compensation as a board member financial
"the Reporting Person was granted 9,024 shares of the Issuer's common stock for compensation as a board member."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Common Stock, $.01 Par Value financial
"security_title: Common Stock, $.01 Par Value"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Willard Howard A.
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, $.01 Par Value06/22/2026A(1)9,024A$081,986D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. On June 22, 2026, the Reporting Person was granted 9,024 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 PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did SM Energy Co (SM) report for Willard Howard A.?

SM Energy Co reported that director Willard Howard A. received a grant of 9,024 shares of common stock as board compensation. The award is in the form of restricted stock and increases his direct holdings to 81,986 shares after the transaction.

Was the SM Energy (SM) Form 4 transaction a stock purchase or a grant?

The Form 4 shows a stock grant, not an open-market purchase. Director Willard Howard A. was awarded 9,024 restricted shares as compensation for board service, at a reported price of $0.00 per share, reflecting a non-cash equity award rather than a market trade.

When do the newly granted SM Energy (SM) restricted shares vest?

The 9,024 restricted shares granted to director Willard Howard A. will vest in full on December 31, 2026. Until vesting, the shares are subject to restrictions, but once vested, they become fully owned, adding to his existing direct common stock position.

How many SM Energy (SM) shares does Willard Howard A. hold after this Form 4 grant?

After receiving the 9,024-share restricted stock grant, director Willard Howard A. directly owns 81,986 shares of SM Energy common stock. This total includes the newly granted shares and reflects his direct ownership reported immediately following the compensation-related award.

Does the SM Energy (SM) Form 4 indicate any insider stock sales?

The Form 4 does not report any stock sales. It records only a single acquisition transaction classified as a grant or award of 9,024 restricted shares to director Willard Howard A., increasing his direct common stock holdings without any corresponding dispositions.