van Kempen Wouter T. 4

What Happened

Wouter T. van Kempen, a director of SM Energy Co. (SM), had 75,217 shares withheld to satisfy tax withholding obligations related to vested restricted stock units. The filing shows the shares were recorded as disposed at $18.87 per share on 2026-02-05, totaling $1,419,345. This was a tax-withholding disposition (not an open-market sale or a purchase).

Key Details

• Transaction date and price: 2026-02-05 — 75,217 shares at $18.87 each (total ~$1,419,345).
• Transaction type/code: F — shares withheld to cover tax obligations upon RSU vesting (disposed in the filing).
• Shares owned after transaction: Not specified in this Form 4 filing.
• Footnote: F1 — represents shares withheld to satisfy tax withholding obligations upon vesting of restricted stock units.
• Filing timeliness: Reported on 2026-02-06 for a 2026-02-05 event (filed promptly; not late).

Context

Withholding shares to cover taxes is a routine administrative action when restricted stock units vest and generally does not indicate an insider’s view on the company’s stock. For retail investors, outright purchases or open-market sales by insiders tend to be more informative about sentiment than tax-withholding disposals.