Form 4: SM Energy CFO Reports Stock Transactions, Including Gift of Shares

SM Energy Co's Executive Vice President and Chief Financial Officer, A. Wade Pursell, reported recent stock transactions, including the acquisition of shares through an employee plan and the disposal of a larger block of shares, likely as a gift.

Summary

• A. Wade Pursell, EVP & CFO of SM Energy Co, filed a Form 4 detailing recent changes in his beneficial ownership of the company's common stock.
• On December 31, 2024, Mr. Pursell acquired 86 shares of SM Energy common stock at a price of $32.7 per share through the Issuer's Employee Stock Purchase Plan.
• Following this purchase, his beneficial ownership stood at 384,167 shares.
• On June 13, 2025, Mr. Pursell disposed of 5,000 shares of common stock at a price of $0, indicated by transaction code 'G', which typically signifies a gift.
• After these transactions, Mr. Pursell's direct beneficial ownership of SM Energy common stock is 379,167 shares.

Sentiment

Score: 4

Explanation: The net reduction in beneficial ownership by a key executive, despite a small purchase, could be viewed slightly negatively by the market, though the disposal was likely a gift rather than a sale.

Positives

• The acquisition of 86 shares through the Employee Stock Purchase Plan indicates continued participation and investment by the EVP & CFO in the company's equity.

Negatives

• The disposal of 5,000 shares, even if a gift, represents a net reduction in the beneficial ownership of a key executive, which could be interpreted as a slight decrease in direct insider alignment.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions and does not provide broader industry context or trends. It reflects individual executive activity within the energy sector.

Related Party Transactions

• The acquisition of 86 shares was made through the Issuer's Employee Stock Purchase Plan, which is a standard related-party transaction.
• The disposal of 5,000 shares with transaction code 'G' typically indicates a gift, which is often to a related party (e.g., family member).

Stakeholder Impact

• Shareholders: The net reduction in insider holdings, even if due to a gift, might be observed by investors as a minor change in executive alignment, though the overall impact is likely minimal given the size of the transaction relative to total shares outstanding.

Key Dates

Keywords

SM Energy Co, SM, Form 4, Insider Trading, Stock Transactions, A. Wade Pursell, EVP & CFO, Common Stock, Employee Stock Purchase Plan, Beneficial Ownership