Was any price per share paid for the SM Energy Co restricted stock grant?

No cash price per share was paid for this award. The Form 4 lists a transaction price of $0.0000 per share, indicating the 9,024 restricted shares were issued as equity compensation for board service rather than purchased in the open market.

SM Energy director granted 9,024 restricted shares

Helms Lloyd W Jr reported acquisition or exercise transactions in this Form 4 filing.

Filing Impact

(Neutral)

Filing Sentiment

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Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

Rhea-AI Filing Summary

Helms Lloyd W Jr reported acquisition or exercise transactions in this Form 4 filing.

SM Energy Co director Helms Lloyd W Jr received a stock grant as board compensation. On June 22, 2026, he was granted 9,024 shares of SM Energy common stock as restricted stock for his service on the board. These shares will vest in full on December 31, 2026, bringing his direct holdings to 26,564 shares after the grant.

Insider Trade Summary

Grant/Award: 9,024 shares

Grant/Award 1 txn

Insider Helms Lloyd W Jr

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 — 26,564 shares (Direct)

Footnotes (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 Price per granted share: $0.0000 per share Shares after transaction: 26,564 shares +1 more

4 metrics

Restricted stock grant 9,024 shares Granted June 22, 2026 as board compensation

Price per granted share $0.0000 per share Equity compensation, not an open-market purchase

Shares after transaction 26,564 shares Total direct holdings following the grant

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

Key Terms

restricted stock, vest, board member, Form 4

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.

vest financial

"These shares of restricted stock will vest in full on December 31, 2026."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

board member financial

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

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.

FAQ

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

What did SM (SM Energy Co) director Helms Lloyd W Jr report in this Form 4?

He reported receiving a grant of 9,024 shares of SM Energy common stock as compensation for serving on the board. The award is structured as restricted stock and increases his direct holdings to 26,564 shares after the grant.

Is the SM (SM Energy Co) Form 4 transaction a purchase or a grant?

The transaction is a grant, not an open-market purchase. Helms Lloyd W Jr received 9,024 restricted shares at no cash cost as compensation for board service, rather than buying shares on the market at a stated price per share.

When do the restricted shares granted to SM director Helms Lloyd W Jr vest?

The 9,024 restricted shares will vest in full on December 31, 2026. Until that date, the shares are subject to vesting conditions tied to his board service, after which he will own them outright if those conditions are satisfied.

How many SM Energy Co shares does Helms Lloyd W Jr hold after this grant?

After the grant, Helms Lloyd W Jr directly holds 26,564 shares of SM Energy common stock. This total includes the newly granted 9,024 restricted shares, which are scheduled to vest on December 31, 2026, assuming continued eligibility.

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

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

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^*

Helms Lloyd W Jr

(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⁾		9,024	A	$0	26,564	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 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)

Source: View Original Filing on SEC EDGAR