Herbert S. Vogel - 03 Jul 2023 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: 03 Jul 2023
Transactions value $: -$1,431,181
Form type: 4
Filing time: 06 Jul 2023, 16:22:17 UTC
Previous filing: 16 Mar 2023
Next filing: 24 Jul 2023
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	Other	$12,001	+451	+0.11%	$26.61	406,514	30 Jun 2023	Direct	F1
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+65,775	+16.18%		472,289	03 Jul 2023	Direct	F2
transaction	SM	Common Stock, $.01 Par Value	Tax liability	-$910,216	-28,777	-6.09%	$31.63	443,512	03 Jul 2023	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+20,907	+4.71%		464,419	03 Jul 2023	Direct	F3
transaction	SM	Common Stock, $.01 Par Value	Tax liability	-$289,319	-9,147	-1.97%	$31.63	455,272	03 Jul 2023	Direct
transaction	SM	Common Stock, $.01 Par Value	Options Exercise		+17,605	+3.87%		472,877	03 Jul 2023	Direct	F4
transaction	SM	Common Stock, $.01 Par Value	Tax liability	-$243,645	-7,703	-1.63%	$31.63	465,174	03 Jul 2023	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		-65,775	-100%		0	03 Jul 2023	Common Stock, $.01 Par Value	65,775		Direct	F2
transaction	SM	Restricted Stock Units	Options Exercise		-20,907	-50%		20,907	03 Jul 2023	Common Stock, $.01 Par Value	20,907		Direct	F3
transaction	SM	Restricted Stock Units	Options Exercise		-17,605	-33.33%		35,212	03 Jul 2023	Common Stock, $.01 Par Value	17,605		Direct	F4

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

Explanation of Responses:

Id	Content
F1	The Reporting Person purchased 451 shares of the Issuer's common stock on June 30, 2023, 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 grant vested in three equal installments on December 14, 2021, July 1, 2022 and July 1, 2023. The vested shares were issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares lapsed.
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, 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.
F4	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 on January 1, 2023. 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.