Form 4: SM Energy Co: VP Chief Accounting Officer Acquires Restricted Stock Units
SEC Form 4 Filing
Patrick A. Lytle, VP Chief Accounting Officer of SM Energy Co, acquired 5,440 restricted stock units on July 26, 2024, which vest in three equal annual installments starting July 1, 2025.
Summary
- On July 26, 2024, Patrick A. Lytle, the VP Chief Accounting Officer of SM Energy Co, acquired 5,440 restricted stock units.
- Each restricted stock unit represents a contingent right to receive one share of SM Energy Co stock.
- The restricted stock units vest in three equal annual installments beginning on July 1, 2025.
- Vested shares will be issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares will lapse.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The vested shares will be issued to the Reporting Person on the vesting dates, at which time all restrictions on the vested shares will lapse.
Industry Context
This is a routine disclosure of insider transactions, common for publicly traded companies. It provides transparency into the holdings and transactions of company executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the compensation and holdings of a key executive.
Key Dates
| Date | Description |
|---|---|
| 07/26/2024 | Date of transaction: Patrick A. Lytle acquired 5,440 restricted stock units. |
| 07/01/2025 | First vesting date: The restricted stock unit grant vests in three equal annual installments beginning on this date. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.