SM Energy director granted 9,024 shares

Fox Carrie M reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Fox Carrie M reported acquisition or exercise transactions in this Form 4 filing.

SM Energy Co director Carrie M. Fox received a grant of 9,024 shares of common stock on June 22, 2026 as compensation for her board service. The shares are issued as restricted stock that will vest in full on December 31, 2026. Following this award, she directly holds 98,046 common shares.

Insider Trade Summary

Grant/Award: 9,024 shares

Grant/Award 1 txn

Insider Fox Carrie M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $.01 Par Value	9,024	$0.00	$0.00

Holdings After Transaction: Common Stock, $.01 Par Value — 98,046 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Restricted stock grant: 9,024 shares Grant price: $0.0000 per share Holdings after grant: 98,046 shares +1 more

4 metrics

Restricted stock grant 9,024 shares Director compensation grant on June 22, 2026

Grant price $0.0000 per share Compensation-related stock award, no cash paid

Holdings after grant 98,046 shares Total common shares directly held after transaction

Vesting date December 31, 2026 Restricted stock vests in full on this date

Key Terms

restricted stock, Form 4, Grant, award, or other acquisition, director compensation

4 terms

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition"

director compensation financial

"granted 9,024 shares of the Issuer's common stock for compensation as a board member"

FAQ

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

What did SM Energy (SM) director Carrie M. Fox report in this Form 4?

Carrie M. Fox reported receiving a grant of 9,024 shares of SM Energy common stock as board compensation. The award was made on June 22, 2026 and increased her direct holdings to 98,046 shares after the transaction.

Is 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. Fox received 9,024 restricted common shares at no cash cost as compensation for serving on the board, classified as a grant or award acquisition.

When do the 9,024 restricted SM Energy (SM) shares granted to Carrie M. Fox vest?

The 9,024 restricted shares granted to Carrie M. Fox will vest in full on December 31, 2026. Until vesting, the shares are subject to restrictions typical for compensation-related stock awards granted to board members.

How many SM Energy (SM) shares does Carrie M. Fox hold after this grant?

After the grant, Carrie M. Fox directly holds 98,046 shares of SM Energy common stock. This total includes the newly issued 9,024 restricted shares, which were awarded as compensation for her role as a board member.

What is the transaction code used in Carrie M. Fox’s SM Energy (SM) Form 4?

The Form 4 uses transaction code “A,” indicating a grant, award, or other acquisition. This reflects a compensation-related stock award rather than a market trade, consistent with a director receiving restricted shares for board service.

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

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Accepted by SEC EDGAR 06/23/2026 - 04:37 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^*

Fox Carrie M

(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)

X	Director		10% 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)

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
Common Stock, $.01 Par Value	06/22/2026		A(1)		9,024	A	$0	98,046	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. 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 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)