Form 4: SM Energy Co. Executive Kenneth J. Knott Reports Sale of 16,000 Shares
SEC Form 4 Filing
Kenneth J. Knott, SVP of Business Development & Land at SM Energy Co., reported selling 16,000 shares of common stock at an average price of $50.28.
Summary
- Kenneth J. Knott, a Senior Vice President at SM Energy Co., filed a Form 4 detailing changes in beneficial ownership.
- On December 29, 2023, Knott acquired 357 shares through the Employee Stock Purchase Plan at $26.89 per share.
- On May 21, 2024, Knott sold 16,000 shares at an average price of $50.28, with prices ranging from $50.25 to $50.34.
- Following these transactions, Knott directly owns 114,495 shares of SM Energy Co. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive, which is neutral in sentiment.
Industry Context
Executive stock sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects. This sale by an SVP at SM Energy Co. is a routine disclosure.
Key Dates
| Date | Description |
|---|---|
| 12/29/2023 | Reporting person purchased 357 shares through the Issuer's Employee Stock Purchase Plan at $26.89. |
| 05/21/2024 | Reporting person sold 16,000 shares at an average price of $50.28. |
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