Carolina placed Smith-Wade (undisclosed) on the active/PUP list Saturday, Mike Kaye of The Charlotte Observer reports.
Smith-Wade's placement on the list comes as a surprise, as he was healthy for the Panthers' OTAs. The nature of the rookie fifth-round pick's injury is unclear at this time. Smith-Wade can be activated at any point during the preseason, at which time he'd be eligible to practice and play in exhibition contests.