SM Energy Co — Director's Dealing 2022

Jul 6, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SM Energy Co (SM)
CIK: 0000893538
Period of Report: 2022-07-01

Reporting Person: Lutey Mary Ellen (SVP - Expl., Development & EHS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-30	Common Stock, $.01 Par Value	J	284	$25.06	Acquired	72857	Direct
2022-06-30	Common Stock, $.01 Par Value	J	280	$25.06	Acquired	35438	Indirect
2022-07-01	Common Stock, $.01 Par Value	M	4190	—	Acquired	77047	Direct
2022-07-01	Common Stock, $.01 Par Value	F	1211	$34.19	Disposed	75836	Direct
2022-07-01	Common Stock, $.01 Par Value	M	1801	—	Acquired	37239	Indirect
2022-07-01	Common Stock, $.01 Par Value	F	521	$34.19	Disposed	36718	Indirect
2022-07-01	Common Stock, $.01 Par Value	M	8013	—	Acquired	83849	Direct
2022-07-01	Common Stock, $.01 Par Value	F	2316	$34.19	Disposed	81533	Direct
2022-07-01	Common Stock, $.01 Par Value	M	3205	—	Acquired	39923	Indirect
2022-07-01	Common Stock, $.01 Par Value	F	927	$34.19	Disposed	38996	Indirect
2022-07-01	Common Stock, $.01 Par Value	M	3756	—	Acquired	85289	Direct
2022-07-01	Common Stock, $.01 Par Value	F	1086	$34.19	Disposed	84203	Direct
2022-07-01	Common Stock, $.01 Par Value	M	1502	—	Acquired	40498	Indirect
2022-07-01	Common Stock, $.01 Par Value	F	435	$34.19	Disposed	40063	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-07-01	Restricted Stock Units	$	M	4190	Disposed		Common Stock, $.01 Par Value (4190.0)	Direct
2022-07-01	Restricted Stock Units	$	M	1801	Disposed		Common Stock, $.01 Par Value (1801.0)	Indirect
2022-07-01	Restricted Stock Units	$	M	8013	Disposed		Common Stock, $.01 Par Value (8013.0)	Direct
2022-07-01	Restricted Stock Units	$	M	3205	Disposed		Common Stock, $.01 Par Value (3205.0)	Indirect
2022-07-01	Restricted Stock Units	$	M	3756	Disposed		Common Stock, $.01 Par Value (3756.0)	Direct
2022-07-01	Restricted Stock Units	$	M	1502	Disposed		Common Stock, $.01 Par Value (1502.0)	Indirect

Footnotes

F1: The Reporting Person purchased 284 shares of the Issuer's common stock on June 30, 2022, through the Issuer's Employee Stock Purchase Plan.

F2: The Reporting Person's spouse purchased 280 shares of the Issuer's common stock on June 30, 2022, through the Issuer's Employee Stock Purchase Plan.

F3: The Reporting Person's spouse is also employed by the Issuer, purchases the Issuer's common stock through the Issuer's Employee Stock Purchase Plan, and is eligible to receive awards under the Issuer's equity incentive compensation plan.

F4: 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 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 vested in three equal annual installments beginning on July 1, 2020. The vested shares will be issued to the Reporting Person's spouse on the vesting dates, at which time all restrictions on the vested shares will lapse.

F6: 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.

F7: 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's spouse on the vesting dates, at which time all restrictions on the vested shares will lapse.

F8: 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.

F9: 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's spouse on the vesting dates, at which time all restrictions on the vested shares will lapse.