SM Energy boosts CEO pay target to $5.8M, amends change-of-control severance agreement

Filed May 22, 2026 · Period ending May 21, 2026 · ~1 min read

Key Changes

• medium

  Board increased CEO Elizabeth McDonald's long-term incentive target to $5.8 million (40% restricted stock, 60% performance shares), up from prior arrangement disclosed in January 2026.

  Item 5.02 verify on EDGAR →
• medium

  CEO's amended change-of-control severance now provides 3x base salary, 3x target bonus, prorated bonus, and 24 months health coverage if terminated within 2.5 years of a change of control.

  Item 5.02 verify on EDGAR →
• low

  COO Blake McKenna's long-term incentive target raised to $2.4 million, split evenly between restricted stock and performance shares.

  Item 5.02 verify on EDGAR →