Venkatraman Ashwin 4

What Happened Venkatraman Ashwin, a director of SM Energy Co (SM), was granted 6,166 shares of the company's common stock as compensation on June 22, 2026. The award is reported at an acquisition price of $0.00 (code A) because it is a compensation grant of restricted stock; these shares will vest in full on December 31, 2026.

Key Details

• Transaction date: 2026-06-22; Form 4 filed 2026-06-23 (timely filing).
• Transaction type/code: Award/Grant (A). Reported acquisition price: $0.00; reported value: $0.
• Vesting: Restricted stock vests in full on December 31, 2026 (see footnote).
• Shares owned after transaction: not specified in the provided filing details.
• No 10b5-1 plan, tax-withholding, or sale noted in the reported transaction.

Context This was a board compensation award of restricted stock, not an open-market purchase or sale. Such grants are common for directors and reflect compensation rather than a direct market vote; the economic value to the insider depends on SM Energy’s share price at vesting and any post-vesting disposition. Retail investors may estimate the grant’s market value by multiplying 6,166 shares by the company’s stock price on or near the grant date.