SM Energy VP exercises 3,497 RSUs, withholds shares for tax
SM Energy Co Vice President - Controller Alan D. Bennett reported routine equity compensation activity involving restricted stock units that settled into common shares.
Rhea-AI Filing Summary
SM Energy Co Vice President - Controller Alan D. Bennett reported routine equity compensation activity involving restricted stock units that settled into common shares. On July 1, 2026, he exercised awards covering 3,497 shares of common stock, classified as derivative exercises/conversions.
To cover tax obligations, the filing shows tax-withholding dispositions totaling 1,462 shares of common stock at $26.10 per share. These dispositions were payments of tax liability by delivering shares, not open-market sales, and the filing reports no open-market purchases or sales of SM Energy stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,497 shares exercised/converted
Exercise
9 txns
Insider
Bennett Alan D
Role
Vice President - Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 948 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 630 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,919 | $0.00 | $0.00 |
| Exercise | Common Stock, $.01 Par Value | 948 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $.01 Par Value | 396 | $26.10 | $10K |
| Exercise | Common Stock, $.01 Par Value | 630 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $.01 Par Value | 264 | $26.10 | $7K |
| Exercise | Common Stock, $.01 Par Value | 1,919 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $.01 Par Value | 802 | $26.10 | $21K |
Holdings After Transaction:
Restricted Stock Units — 4,472 contracts (Direct);
Common Stock, $.01 Par Value — 3,686 shares (Direct)
Footnotes (3)
- F1. 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 were issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares lapsed.
- F2. 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.
- 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, 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
RSU-derived shares exercised: 3,497 shares
Tax-withheld shares: 1,462 shares
Tax withholding price: $26.10 per share
+2 more
5 metrics
RSU-derived shares exercised
3,497 shares
Total derivative exercise/conversion shares on July 1, 2026
Tax-withheld shares
1,462 shares
Shares delivered to cover tax liability
Tax withholding price
$26.10 per share
Price applied to F-code tax-withholding dispositions
Exercise transactions count
3 exercises
Number of derivative exercises (M-code) reported
Tax-withholding transactions count
3 dispositions
Number of F-code tax-withholding entries
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of stock."
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities."
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 exercise/conversion financial
"Exercise or conversion of derivative security."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SM (SM Energy Co) report for Alan D. Bennett?
Alan D. Bennett reported exercising restricted stock units into 3,497 shares of SM Energy common stock on July 1, 2026. The transactions are classified as derivative exercises and related tax-withholding dispositions, with no open-market purchases or sales disclosed.
What do the SM Energy restricted stock unit footnotes explain in this Form 4?
The footnotes explain each restricted stock unit represents a right to one share, vesting in three equal annual installments starting on specific July 1 dates. Vested shares are issued on vesting dates, when restrictions lapse and related tax obligations are settled.
AI-generated analysis. How Rhea-AI works. Not financial advice.
