Coterra director stock converted in Devon merger
Coterra Energy Inc. director Lisa A. Stewart reported disposing of her Coterra common stock in connection with the company’s merger with Devon Energy Corporation.
Rhea-AI Filing Summary
Coterra Energy Inc. director Lisa A. Stewart reported disposing of her Coterra common stock in connection with the company’s merger with Devon Energy Corporation. On the transaction date, 5,700 indirectly held shares in an IRA and 112,312 directly held shares were shown as dispositions to the issuer at a reported price of $0.00 per share. A footnote explains that, at the merger’s effective time, each Coterra share held by the reporting person was converted into the right to receive 0.7 shares of Devon common stock. Following these transactions, the filing reports zero Coterra shares owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 118,012 shares
Disposition
2 txns
Insider
STEWART LISA A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 112,312 | $0.00 | $0.00 |
| Disposition | Common Stock | 5,700 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 0 shares (Direct);
Common Stock — 0 shares (Indirect, By IRA)
Footnotes (1)
- F1. Pursuant to the Agreement and Plan of Merger entered into on February 1, 2026, by and among the Issuer, Devon Energy Corporation ("Devon") and Cubs Merger Sub, Inc., as of the effective time of the transactions contemplated thereby (the "Effective Time"), each share of the Issuer's common stock, par value $0.10 per share, held by the Reporting Person as of immediately prior to the Effective Time was converted into the right to receive 0.7 shares of Devon common stock, par value $0.10 per share.
Key Figures
Indirect shares disposed: 5,700 shares
Direct shares disposed: 112,312 shares
Merger exchange ratio: 0.7 shares
3 metrics
Indirect shares disposed
5,700 shares
Common Stock held by IRA, disposition to issuer
Direct shares disposed
112,312 shares
Common Stock held directly, disposition to issuer
Merger exchange ratio
0.7 shares
Devon common stock per Coterra share at Effective Time
Key Terms
Agreement and Plan of Merger, Effective Time, par value, disposition to issuer
4 terms
Agreement and Plan of Merger financial
"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 financial
"as of the effective time of the transactions contemplated thereby (the "Effective Time")..."
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
par value financial
"each share of the Issuer's common stock, par value $0.10 per share..."
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Lisa A. Stewart’s Form 4 disclose for Coterra Energy (CTRA)?
The Form 4 shows Lisa A. Stewart disposing of all reported Coterra shares. It records issuer dispositions of both directly and indirectly held common stock tied to Coterra’s merger with Devon Energy, after which the filing lists her Coterra common stock holdings as zero shares.
Is Lisa A. Stewart’s disposition in Coterra (CTRA) an open-market sale?
No, the transactions are coded as dispositions to the issuer, not market sales. The Form 4 uses transaction code D, indicating shares were returned to the issuer, in connection with the merger conversion into rights to receive Devon Energy common stock.
What is Lisa A. Stewart’s reported Coterra (CTRA) ownership after the merger transaction?
After the recorded dispositions, the Form 4 reports zero Coterra shares owned. Both her directly held and IRA-held Coterra common stock positions show total shares following the transactions as 0.0000, reflecting the merger-related conversion into rights to Devon shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
