SM Energy CFO granted 54,412 RSUs and shares
SM Energy Co EVP & CFO A. Wade Pursell received a grant of 54,412 restricted stock units, each representing one share of common stock and vesting in six equal biannual installments beginning January 1, 2027, with shares issued upon retirement or each July 1.
Rhea-AI Filing Summary
SM Energy Co EVP & CFO A. Wade Pursell received a grant of 54,412 restricted stock units, each representing one share of common stock and vesting in six equal biannual installments beginning January 1, 2027, with shares issued upon retirement or each July 1. He also acquired 16,917 shares of common stock upon settlement of a prior performance share unit award after full vesting and performance certification. On the same date, 7,403 shares were withheld at $26.10 per share to satisfy exercise price or tax liability obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
PURSELL A WADE
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F2 | 54,412 | $0.00 | $0.00 |
| Exercise | Common Stock, $.01 Par Value F1 | 16,917 | -- | -- |
| Exercise Price or Tax Liability | Common Stock, $.01 Par Value | 7,403 | $26.10 | $193K |
Holdings After Transaction:
Restricted Stock Units — 54,412 contracts (Direct);
Common Stock, $.01 Par Value — 431,531 shares (Direct)
Footnotes (2)
- F1. On July 23, 2026, 16,917 shares of the Issuer's common stock were issued to the Reporting Person under the terms of a performance share unit ("PSU") award, based on the determination by the Compensation Committee of the Board of Directors of the Issuer regarding achievement of time-based vesting provisions and specific performance criteria that were not tied solely to the market price of the Issuer's common stock. The PSUs were granted to the Reporting Person on July 1, 2023, and represented the contingent right to receive between 0% to 200% of that number of shares of the Issuer's common stock based on the achievement of the vesting and performance criteria over a three-year performance period. The PSUs were fully vested on July 1, 2026.
- F2. Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in six equal biannual installments beginning January 1, 2027. The vested shares will be issued to the Reporting Person on the earlier of such Reporting Person's retirement from the Issuer or July 1 of the applicable year, at which time all restrictions on the vested shares will lapse.
Key Figures
Restricted stock units granted: 54,412 units
PSU shares issued: 16,917 shares
Shares withheld for obligations: 7,403 shares
+4 more
7 metrics
Restricted stock units granted
54,412 units
RSU grant to EVP & CFO A. Wade Pursell dated July 24, 2026
PSU shares issued
16,917 shares
Common shares issued on July 23, 2026 upon PSU vesting and performance certification
Shares withheld for obligations
7,403 shares
Shares withheld at $26.10 per share to satisfy exercise price or tax liability
Withholding price
$26.10 per share
Applied to 7,403 shares used for payment of exercise price or tax liability
RSU vesting installments
6 installments
RSU grant vests in six equal biannual installments starting January 1, 2027
PSU performance range
0% to 200%
PSUs could settle into 0%–200% of target shares based on performance
PSU performance period
3 years
Performance criteria measured over a three-year period ending with full vesting on July 1, 2026
Key Terms
Restricted Stock Units, performance share unit ("PSU") award, time-based vesting provisions, tax liability
4 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.
time-based vesting provisions financial
"regarding achievement of time-based vesting provisions and specific performance criteria"
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transactions did SM (SM Energy Co) report for CFO A. Wade Pursell?
SM Energy’s CFO A. Wade Pursell received 54,412 restricted stock units, acquired 16,917 shares of common stock from a performance share unit settlement, and had 7,403 shares withheld at $26.10 per share to satisfy exercise price or tax liability obligations.
How many restricted stock units did SM’s CFO receive and how do they vest?
A. Wade Pursell received 54,412 restricted stock units, each equal to one share of stock. The grant vests in six equal biannual installments beginning January 1, 2027, with vested shares issued on the earlier of his retirement or July 1 of the applicable year.
Were SM Energy (SM) CFO A. Wade Pursell’s 2026 stock transactions executed under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox is not marked as affirming a trading plan, and the footnotes describing these equity awards and settlements do not reference any pre-arranged trading plan. The available data does not state that these transactions occurred under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
