Devon–Coterra merger: Coterra (NYSE: CTRA) director disposes all reported shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coterra Energy Inc. director Hans Helmerich reported a series of dispositions of common stock that reflect the closing of the company’s merger with Devon Energy Corporation. On May 7, 2026, a total of 1,865,644 shares of Coterra common stock were disposed of at a reported price of $0.00 per share.
The shares were held both directly and through various related entities, including family trusts, an LLC, and holdings by his wife. According to the merger agreement footnote, at the effective time of the merger each Coterra share held immediately before closing was converted into the right to receive 0.7 shares of Devon common stock, so these dispositions represent the exchange of Helmerich’s Coterra holdings into Devon stock. Following the transactions, the Form 4 shows zero Coterra shares remaining under each reported ownership line.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
HELMERICH HANS
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 77,735 | $0.00 | -- |
| Disposition | Common Stock | 91,145 | $0.00 | -- |
| Disposition | Common Stock | 40,146 | $0.00 | -- |
| Disposition | Common Stock | 45,967 | $0.00 | -- |
| Disposition | Common Stock | 1,304,895 | $0.00 | -- |
| Disposition | Common Stock | 229,774 | $0.00 | -- |
| Disposition | Common Stock | 44,409 | $0.00 | -- |
| Disposition | Common Stock | 31,573 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null);
Common Stock — 0 shares (Indirect, Co-Trustee of The Helmerich Trust (fka Co-Trustee of the Helmerich Foundation))
Footnotes (1)
- [object Object]
Key Figures
Total Coterra shares disposed: 1,865,644 shares
Exchange ratio: 0.7 shares
Transaction code: D
+3 more
6 metrics
Total Coterra shares disposed
1,865,644 shares
Common stock dispositions on May 7, 2026
Exchange ratio
0.7 shares
Devon common stock per Coterra share at Effective Time
Transaction code
D
Non-derivative transactions, Disposition to issuer
Reported price per share
$0.00 per share
All disposition entries on May 7, 2026
Number of disposal transactions
8 transactions
Non-derivative common stock entries in Form 4
Shares following each transaction
0 shares
Total shares following transaction for each holding line
Key Terms
Agreement and Plan of Merger, Effective Time, Disposition to issuer, QTIP Trust, +2 more
6 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger entered into on February 1, 2026..."
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Effective Time regulatory
"as of the effective time of the transactions contemplated thereby (the "Effective Time")..."
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
QTIP Trust financial
"Peggy Helmerich QTIP Trust (fka Trustee of Estate of W.H. Helmerich III)"
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Coterra (CTRA) director Hans Helmerich report in this Form 4?
Hans Helmerich reported disposing of Coterra common stock holdings on May 7, 2026. The transactions reflect shares held directly and through multiple family-related entities being exchanged in connection with the merger into Devon Energy Corporation under an agreed share-conversion ratio.
Were Hans Helmerich’s Coterra (CTRA) holdings direct or through entities?
The Form 4 shows both direct and indirect holdings. Indirect positions were through roles such as trustee of family trusts, co-manager of an LLC for grandchildren, an LLC interest, and shares held by his wife, alongside a direct holding reported under his own name.
What does the 'D' transaction code mean in Hans Helmerich’s Coterra (CTRA) Form 4?
The transactions use code "D," described as "Disposition to issuer." This indicates the reported shares of Coterra common stock were disposed to the issuer as part of the merger process, rather than open-market sales, aligning with the share conversion into Devon common stock.