SEC Form 4 · accession 0000893538-26-000114
SM Energy Co · SM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
A Wade Pursell
Officer — EVP & CFO
Period of report
Jul 24, 2026
Accepted (ET)
Jul 24, 2026 · 4:19 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000893538
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 Par ValueF1 | Jul 24, 2026 | M | 16,917 | — | A | 438,934 | D | |
| Common Stock, $.01 Par Value | Jul 24, 2026 | F | 7,403 | $26.10 | D | 431,531 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | Jul 24, 2026 | A | 54,412 | A | — | — | Common Stock, $.01 Par Value | 54,412 | 54,412 | D |
Explanation of responses
- F1On 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.
- F2Each 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.