Board member at SM Energy (NYSE: SM) receives 6,166-share grant

Q: What insider transaction did SM Energy (SM) report for Clark R. Morris?

SM Energy reported a stock grant to director Clark R. Morris. He received 6,166 shares of common stock as compensation for serving on the board, structured as restricted stock that vests later, rather than an open-market purchase or sale.

Q: How many SM Energy (SM) shares did Clark R. Morris receive and on what date?

Clark R. Morris was granted 6,166 shares of SM Energy common stock on June 22, 2026. The award was reported as a Form 4 insider transaction and reflects stock-based compensation instead of cash payment for his board role.

Q: When do Clark R. Morris’s restricted SM Energy (SM) shares vest?

The 6,166 restricted shares vest on December 31, 2026 . Until that date, the award remains subject to vesting conditions, after which the shares become fully vested and are no longer restricted, assuming those conditions are satisfied.

Q: Was the SM Energy (SM) stock grant to Clark R. Morris an open-market purchase?

No, the transaction was a compensation grant , not an open-market trade. The Form 4 identifies it as a grant or award of 6,166 restricted shares given for board service, with no cash price per share reported.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Clark Morris R reported acquisition or exercise transactions in this Form 4 filing.

SM Energy director Clark R. Morris received a grant of 6,166 shares of the company’s common stock on June 22, 2026 as compensation for board service. These shares are granted as restricted stock and will vest in full on December 31, 2026. Following this award, Morris directly holds 68,978 shares of SM Energy common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Clark Morris R

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $.01 Par Value	6,166	$0.00	--

Holdings After Transaction: Common Stock, $.01 Par Value — 68,978 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock grant: 6,166 shares Holdings after transaction: 68,978 shares Grant price per share: $0.00 per share +1 more

4 metrics

Restricted stock grant 6,166 shares Board compensation granted June 22, 2026

Holdings after transaction 68,978 shares Total direct common stock held after grant

Grant price per share $0.00 per share Equity compensation, no cash paid by director

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

Key Terms

restricted stock, common stock, Grant, award, or other acquisition

3 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.

common stock financial

"the Issuer's common stock for compensation as a board member."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/23/2026 - 04:38 PM Accepted by SEC EDGAR 06/23/2026 - 04:38 PM

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^*

Clark Morris R

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $.01 Par Value	06/22/2026		A⁽¹⁾		6,166	A	$0	68,978	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. On June 22, 2026, the Reporting Person was granted 6,166 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did SM Energy (SM) report for Clark R. Morris?

SM Energy reported a stock grant to director Clark R. Morris. He received 6,166 shares of common stock as compensation for serving on the board, structured as restricted stock that vests later, rather than an open-market purchase or sale.

How many SM Energy (SM) shares did Clark R. Morris receive and on what date?

Clark R. Morris was granted 6,166 shares of SM Energy common stock on June 22, 2026. The award was reported as a Form 4 insider transaction and reflects stock-based compensation instead of cash payment for his board role.

When do Clark R. Morris’s restricted SM Energy (SM) shares vest?

The 6,166 restricted shares vest on December 31, 2026. Until that date, the award remains subject to vesting conditions, after which the shares become fully vested and are no longer restricted, assuming those conditions are satisfied.

What are Clark R. Morris’s total SM Energy (SM) holdings after this grant?

After the grant, Clark R. Morris directly holds 68,978 shares of SM Energy common stock. This total includes the newly awarded 6,166 restricted shares reported in the Form 4 insider filing as board compensation.

Was the SM Energy (SM) stock grant to Clark R. Morris an open-market purchase?

No, the transaction was a compensation grant, not an open-market trade. The Form 4 identifies it as a grant or award of 6,166 restricted shares given for board service, with no cash price per share reported.