SM Energy (NYSE: SM) director awarded 6,166 restricted shares as board compensation

Rhea-AI Filing Summary

PERU RAMIRO G reported acquisition or exercise transactions in this Form 4 filing.

SM Energy Co director Ramiro G. Peru received a stock grant as board compensation. On June 22, 2026, he was awarded 6,166 shares of SM Energy common stock at no cash cost to him, increasing his direct holdings to 72,130 shares. The grant consists of restricted stock that will vest in full on December 31, 2026, meaning he must remain eligible through that date before the shares fully belong to him without restrictions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider PERU RAMIRO G

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 — 72,130 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 6,166 shares Post-transaction holdings: 72,130 shares Grant price per share: $0.0000 per share +1 more

4 metrics

Shares granted 6,166 shares Restricted stock grant on June 22, 2026

Post-transaction holdings 72,130 shares Common stock directly owned after grant

Grant price per share $0.0000 per share Non-cash compensation award

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

Key Terms

restricted stock, vest in full, compensation as a board member, Grant, award, or other acquisition

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 in full financial

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

compensation as a board member financial

"the Reporting Person was granted 6,166 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""

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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 - 04:37 PM 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^*

PERU RAMIRO G

(Last) (First) (Middle)

1700 LINCOLN STREET

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)		6,166	A	$0	72,130	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 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)

FAQ

What did SM Energy Co director Ramiro G. Peru report on this Form 4 for SM?

Director Ramiro G. Peru reported receiving a grant of 6,166 shares of SM Energy common stock as compensation for board service. The award was structured as restricted stock that vests in full on December 31, 2026, rather than as an open-market purchase.

How many SM Energy shares did Ramiro G. Peru acquire in this transaction?

He acquired 6,166 shares of SM Energy common stock. These shares were granted as compensation, not bought in the market, and are classified as restricted stock that will fully vest on December 31, 2026, assuming continued eligibility as a board member.

What are Ramiro G. Peru’s SM Energy holdings after this Form 4 transaction?

Following the grant, his direct holdings total 72,130 shares of SM Energy common stock. This figure reflects his position immediately after receiving the 6,166-share restricted stock award, as reported in the filing’s post-transaction ownership field for non-derivative securities.

Was cash paid for the SM Energy shares granted to Ramiro G. Peru?

No cash was paid by the director for these shares. The Form 4 shows a price per share of 0.0000, indicating the 6,166 shares were granted as non-cash compensation for service on SM Energy’s board rather than purchased in an open-market transaction.

When do the restricted SM Energy shares granted to Ramiro G. Peru vest?

The 6,166 restricted shares will vest in full on December 31, 2026. Until that vesting date, the award is subject to restrictions typically tied to continued service, after which the shares become fully owned and transferable under the company’s stock plan rules.

Is this SM Energy Form 4 a buy or sell transaction for Ramiro G. Peru?

The filing reflects an acquisition through a grant, not a market buy or sell. The transaction code is “A,” described as a grant, award, or other acquisition, indicating compensation-related stock issuance rather than an open-market trade or disposition of existing holdings.