PERU RAMIRO G 4

What Happened Ramiro G. Peru, a director of SM Energy Co. (SM), was granted 6,166 shares of the company’s common stock as a compensatory award on June 22, 2026. The Form 4 reports the acquisition at $0.00 per share (total reported value $0) because this was a restricted stock award rather than an open-market purchase or sale.

Key Details

• Transaction date: June 22, 2026; Form 4 filed June 23, 2026 (appears timely).
• Transaction type/code: Award/Grant (A).
• Shares granted: 6,166; reported price: $0.00; reported total value: $0.
• Vesting: These restricted shares will vest in full on December 31, 2026 (footnote F1).
• Shares owned after the transaction: Not disclosed in this filing.
• No 10b5-1, tax-withholding, or sale-related notes were disclosed.

Context This was a compensation-related award to a board member, not a purchase or sale. Restricted stock grants are common for directors and are typically subject to vesting and transfer restrictions, so they do not indicate an immediate change in insider liquidity or necessarily signal a change in the director’s view of the company.