SM Energy Management

Management criteria checks 2/4

SM Energy's CEO is Herb Vogel, appointed in Jul 2020, has a tenure of 3.83 years. total yearly compensation is $11.06M, comprised of 7.4% salary and 92.6% bonuses, including company stock and options. directly owns 0.4% of the company’s shares, worth €20.93M. The average tenure of the management team and the board of directors is 3.5 years and 9.8 years respectively.

Key information

Herb Vogel

Chief executive officer

US$11.1m

Total compensation

CEO salary percentage	7.4%
CEO tenure	3.8yrs
CEO ownership	0.4%
Management average tenure	3.5yrs
Board average tenure	9.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Herb Vogel's remuneration changed compared to SM Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$11m	US$814k	US$818m
Sep 30 2023	n/a	n/a	US$829m
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$7m	US$773k	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$883m
Mar 31 2022	n/a	n/a	US$336m
Dec 31 2021	US$4m	US$715k	US$36m
Sep 30 2021	n/a	n/a	-US$554m
Jun 30 2021	n/a	n/a	-US$738m
Mar 31 2021	n/a	n/a	-US$604m
Dec 31 2020	US$2m	US$484k	-US$765m
Sep 30 2020	n/a	n/a	-US$701m
Jun 30 2020	n/a	n/a	-US$561m
Mar 31 2020	n/a	n/a	-US$421m
Dec 31 2019	US$3m	US$498k	-US$187m
Sep 30 2019	n/a	n/a	US$225m
Jun 30 2019	n/a	n/a	US$47m
Mar 31 2019	n/a	n/a	US$13m
Dec 31 2018	US$3m	US$469k	US$508m
Sep 30 2018	n/a	n/a	US$172m
Jun 30 2018	n/a	n/a	US$219m
Mar 31 2018	n/a	n/a	US$82m
Dec 31 2017	US$4m	US$444k	-US$161m

Compensation vs Market: Herb's total compensation ($USD11.06M) is above average for companies of similar size in the German market ($USD3.34M).

Compensation vs Earnings: Herb's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Herb Vogel (62 yo)

3.8yrs

Tenure

US$11,060,630

Compensation

Mr. Herbert S. Vogel, also known as Herb, serves as Chief Executive Officer and Director at SM Energy Company since November 2, 2020. He has been President at SM Energy Company since July 21, 2020 and serv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Herbert Vogel	President	3.8yrs	US$11.06m	0.40% $ 20.9m
A. Pursell	Executive VP & CFO	15.7yrs	US$4.70m	0.32% $ 17.0m
James Lebeck	Executive VP & General Counsel	1.3yrs	US$2.89m	0.00057% $ 29.8k
Kenneth Knott	Senior Vice President of Business Development & Land	15.8yrs	US$1.99m	0.11% $ 5.9m
Mary Lutey	Senior Vice President of Exploration	3.5yrs	US$1.98m	0.11% $ 5.9m
Richard Jenkins	Vice President of Operations	1.3yrs	no data	no data
Patrick Lytle	VP, Chief Accounting Officer & Controller	5.5yrs	no data	0.0088% $ 459.0k
Dean Lutey	VP & Chief Information Officer	3.1yrs	no data	no data
Jennifer Samuels	VP of Investor Relations & ESG Stewardship	9yrs	no data	no data
Julie Gray	Vice President of Marketing	less than a year	no data	0.028% $ 1.5m
Susie Piehl	Vice President of Human Resources	1.3yrs	no data	no data
Andrew Fiske	Deputy General Counsel & Corporate Secretary	no data	no data	no data

3.5yrs

Average Tenure

58yo

Average Age

Experienced Management: SJL's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Herbert Vogel	President	3.5yrs	US$11.06m	0.40% $ 20.9m
Rose Robeson	Independent Director	9.8yrs	US$270.01k	0.034% $ 1.8m
Ramiro Peru	Independent Director	9.8yrs	US$297.01k	0.064% $ 3.3m
William Sullivan	Independent Director	20.3yrs	US$275.03k	0.13% $ 7.0m
Barton Brookman	Independent Director	less than a year	no data	0.0016% $ 83.7k
Julio Quintana	Independent Chairman of the Board	17.8yrs	US$293.44k	0.077% $ 4.0m
Stephen Brand	Independent Director	13.2yrs	US$315.01k	0.086% $ 4.5m
Anita Powers	Independent Director	2.5yrs	US$270.03k	0.016% $ 816.1k
Carla Bailo	Independent Director	5.6yrs	US$285.11k	0.083% $ 4.3m

9.8yrs

Average Tenure

63yo

Average Age

Experienced Board: SJL's board of directors are considered experienced (9.8 years average tenure).

SM Energy Management

Management criteria checks 2/4

Key information

Recent management updates

SM Energy Company, Annual General Meeting, May 23, 2024

Senior Vice President of Exploration recently sold €1.8m worth of stock

Insufficient new directors

Independent Director recently sold €1.1m worth of stock

SM Energy Company Announces Changes to Its Board of Directors

President recently bought €59k worth of stock

Recent updates

SM Energy Company to Report Q1, 2024 Results on May 02, 2024

SM Energy Company, Annual General Meeting, May 23, 2024

Fourth quarter dividend of US$0.18 announced

SM Energy Company Declares Quarterly Cash Dividend, Payable on May 3, 2024

Senior Vice President of Exploration recently sold €1.8m worth of stock

Full year 2023 earnings released: EPS: US$6.89 (vs US$9.09 in FY 2022)

Sm Energy Company Provides Production Guidance for Full Year 2024

SM Energy Company to Report Q4, 2023 Results on Feb 21, 2024

Upcoming dividend of US$0.18 per share at 1.9% yield

SM Energy Company Declares Quarterly Cash Dividend, Payable on February 5, 2024

New major risk - Revenue and earnings growth

Insufficient new directors

SM Energy Company Approves Increase in the Fixed Dividend Policy

SM Energy Company Approves Increase in the Fixed Dividend Policy

Third quarter 2023 earnings released: EPS: US$1.89 (vs US$3.91 in 3Q 2022)

Upcoming dividend of US$0.15 per share at 1.4% yield

SM Energy Company Approves Quarterly Cash Dividend on Common Stock Outstanding, Payable on November 6, 2023

SM Energy Company to Report Q3, 2023 Results on Nov 04, 2023

Now 22% undervalued

Independent Director recently sold €1.1m worth of stock

Second quarter 2023 earnings released: EPS: US$1.26 (vs US$2.65 in 2Q 2022)

Sm Energy Company Provides Production Guidance for the Third Quarter and Year 2023

SM Energy Company to Report Q2, 2023 Results on Aug 02, 2023

Upcoming dividend of US$0.15 per share at 1.8% yield

SM Energy Company Declares Quarterly Cash Dividend, Payable on August 7, 2023

SM Energy Company (NYSE:SM) acquired 6,300 net acres in the Midland Basin.

SM Energy Company Announces Changes to Its Board of Directors

First quarter 2023 earnings released: EPS: US$1.63 (vs US$0.40 in 1Q 2022)

Upcoming dividend of US$0.15 per share at 2.0% yield

Now 21% undervalued after recent price drop

President recently bought €59k worth of stock

Full year 2022 earnings released: EPS: US$9.09 (vs US$0.30 in FY 2021)

SM Energy Company to Report Q4, 2022 Results on Feb 22, 2023

Upcoming dividend of US$0.15 per share

Investor sentiment deteriorated over the past week

SM Energy Company Announces Executive Changes

SM Energy Company Declares Quarterly Cash Dividend, Payable on February 6, 2023

SM Energy Company Announces the Retirement of Newt Newton as Senior Vice President – Operations, Effective January 1, 2023

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings released: EPS: US$3.91 (vs US$0.70 in 3Q 2021)

SM Energy Company Provides Production Guidance for Fourth Quarter and Full Year 2022

SM Energy Company to Report Q3, 2022 Results on Nov 03, 2022

Upcoming dividend of US$0.15 per share

Investor sentiment deteriorated over the past week

Executive VP & General Counsel recently sold €460k worth of stock

SM Energy Company (NYSE:SM) announces an Equity Buyback for $500 million worth of its shares.

Second quarter 2022 earnings released: EPS: US$2.65 (vs US$1.88 loss in 2Q 2021)

SM Energy Company Provides Production Guidance for the Third Quarter and Full Year of 2022

Investor sentiment improved over the past week

SM Energy Company to Report Q2, 2022 Results on Aug 03, 2022

SM Energy Company(NYSE:SM) dropped from Russell 2000 Value Index

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS: US$0.40 (vs US$2.19 loss in 1Q 2021)

SM Energy Company, Annual General Meeting, May 26, 2022

Upcoming dividend of US$0.01 per share

SM Energy Declares Semi-Annual Cash Dividend, Payable on May 6, 2022

Vice President of Marketing recently sold €331k worth of stock

Independent Director recently sold €1.1m worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

SM Energy Company Provides Production Guidance for the First Quarter and Full Year of 2022

SM Energy Company to Report Q4, 2021 Results on Feb 24, 2022

Independent Director recently sold €476k worth of stock

Third quarter 2021 earnings released: EPS US$0.70 (vs US$0.86 loss in 3Q 2020)

Upcoming dividend of US$0.01 per share

Second quarter 2021 earnings released: US$1.88 loss per share (vs US$0.79 loss in 2Q 2020)

First quarter 2021 earnings released: US$2.19 loss per share (vs US$3.65 loss in 1Q 2020)

SM Energy Company Provides Operating Guidance for the Full Year of 2021

Upcoming dividend of US$0.01 per share