SM Energy (NYSE:SM) announced on Thursday that its board’s Compensation Committee amended the Change of Control Executive Severance Agreement for CEO Elizabeth A. McDonald, effective January 30, 2026.
The company’s stock trades at $33.77, near its 52-week high of $35.88, with shares up 82% year-to-date.
Under the new terms, McDonald would receive a lump sum equal to three times her base salary, three times her base salary multiplied by target bonus, a pro-rated bonus, and 24 times the monthly insurance contribution.
The board also approved increases to long-term incentive plan targets for two executives. McDonald’s target was raised to $5.8 million; McKenna’s to $2.4 million.
SM Energy held its Annual Meeting on Thursday. All directors were reelected. Stockholders approved executive compensation and ratified Deloitte & Touche as auditor for 2026.
In recent news, SM Energy reported strong Q1 2026 results: EPS of $1.55 on revenue of $1.48B. Raymond James upgraded the stock to Outperform.
