van Kempen Wouter T. 4

What Happened Wouter T. van Kempen, a director of SM Energy Co. (SM), was granted 6,166 shares of the company's common stock on June 22, 2026 as compensation for board service. The grant is reported at an acquisition price of $0.00 (SEC code A) because it is an award; the filing shows no immediate cash value realized. This is a compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: June 22, 2026 (reported on Form 4 filed June 23, 2026).
• Transaction type/code: Award/Grant (A); acquisition price reported $0.00.
• Shares granted: 6,166 restricted shares.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The 6,166 shares are restricted stock that will vest in full on December 31, 2026.
• Filing timeliness: Filed one day after the transaction date — within typical Form 4 timing requirements (not marked late).

Context Restricted stock awards are routine director compensation and are subject to vesting and potential forfeiture until the vest date; they are not an immediate sale or open-market purchase. Such grants reflect compensation policy rather than a direct buy or sell signal; the shares will only be free to trade after vesting (and any applicable company restrictions or tax treatments apply).