Herbert S. Vogel - 01 Jul 2022 Form 4 Insider Report for SM Energy Co (SM)

Role: President & CEO, Director
Signature: Andrew T. Fiske (Attorney-in-Fact)
Issuer symbol: SM
Transactions as of: 01 Jul 2022
Transactions value $: -$1,835,911
Form type: 4
Filing time: 06 Jul 2022, 17:20:56 UTC
Previous filing: 18 Jan 2022
Next filing: 02 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SM	Common Stock, $.01 Par Value	Gift	$0	-5K	-1.92%	$0.00	256K	05 May 2022	Direct
transaction	SM	Common Stock, $.01 Par Value	Other	$11.5K	+458	+0.18%	$25.06	256K	30 Jun 2022	Direct	F1
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+20K	+7.81%		276K	01 Jul 2022	Direct	F2
transaction	SM	Common Stock, $.01 Par Value	Tax liability	-$300K	-8.78K	-3.18%	$34.19	267K	01 Jul 2022	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+16.4K	+6.13%		284K	01 Jul 2022	Direct	F3
transaction	SM	Common Stock, $.01 Par Value	Tax liability	-$246K	-7.2K	-2.54%	$34.19	277K	01 Jul 2022	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+65.8K	+23.78%		342K	01 Jul 2022	Direct	F4
transaction	SM	Common Stock, $.01 Par Value	Tax liability	-$987K	-28.9K	-8.44%	$34.19	313K	01 Jul 2022	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+20.9K	+6.67%		334K	01 Jul 2022	Direct	F5
transaction	SM	Common Stock, $.01 Par Value	Tax liability	-$314K	-9.18K	-2.75%	$34.19	325K	01 Jul 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SM	Restricted Stock Units	Options Exercise		-20K	-100%		0	01 Jul 2022	Common Stock, $.01 Par Value	20K		Direct	F2
transaction	SM	Restricted Stock Units	Options Exercise		-16.4K	-100%		0	01 Jul 2022	Common Stock, $.01 Par Value	16.4K		Direct	F3
transaction	SM	Restricted Stock Units	Options Exercise		-65.8K	-50%		65.8K	01 Jul 2022	Common Stock, $.01 Par Value	65.8K		Direct	F4
transaction	SM	Restricted Stock Units	Options Exercise		-20.9K	-33.33%		41.8K	01 Jul 2022	Common Stock, $.01 Par Value	20.9K		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person purchased 458 shares of the Issuer's common stock on June 30, 2022, through the Issuer's Employee Stock Purchase Plan.
F2	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit award was made on June 10, 2019 in connection with the Reporting Person's appointment to the position of Executive Vice President and Chief Operating Officer, and vested in its entirety on July 1, 2022.
F3	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, 2020. The vested shares were issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares lapsed.
F4	Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal installments on December 14, 2021, July 1, 2022 and July 1, 2023. 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.
F5	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, 2022. 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.