Coterra director swaps 85,361 shares in Devon merger
Coterra Energy Inc. director Frances M. Vallejo reported a disposition of 85,361 shares of Coterra common stock back to the company.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Coterra Energy Inc. director Frances M. Vallejo reported a disposition of 85,361 shares of Coterra common stock back to the company. This disposition reflects the closing of a merger in which each Coterra share was converted into the right to receive 0.7 shares of Devon Energy common stock. Following the transaction, Vallejo no longer holds Coterra common stock directly, with her former position effectively exchanged for Devon shares under the merger terms.
Insider Trade Summary
Disposition: 85,361 shares
Disposition
1 txn
Insider
Vallejo Frances M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 85,361 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Holdings Before and After:
Common Stock, 85,361 to 0 shares (Direct)
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
Shares disposed: 85,361 shares
Price per share: $0.00 per share
Shares held after transaction: 0 shares
+1 more
4 metrics
Shares disposed
85,361 shares
Disposition to issuer on 2026-05-07
Price per share
$0.00 per share
Issuer disposition under merger
Shares held after transaction
0 shares
Coterra common stock directly held by Vallejo
Conversion ratio
0.7 shares
Devon common stock per Coterra share at Effective Time
Key Terms
Agreement and Plan of Merger, Effective Time, Disposition to issuer, Common Stock, +1 more
5 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")"
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.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
Common Stock financial
"each share of the Issuer's common stock, par value $0.10 per share"
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.
conversion financial
"was converted into the right to receive 0.7 shares of Devon common stock"
Conversion is the exchange of one type of financial instrument for another, most commonly turning convertible bonds or preferred shares into common stock. It matters to investors because conversion changes the number of outstanding shares and ownership stakes—like trading a coupon for a slice of a company—potentially reducing each existing owner's portion, affecting per-share earnings, voting power and the market value of the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Coterra Energy (CTRA) report for Frances M. Vallejo?
Coterra director Frances M. Vallejo reported disposing of 85,361 shares of Coterra common stock. The shares were surrendered to the issuer as part of a merger transaction and converted into rights to receive Devon Energy common stock.
Was the Coterra (CTRA) insider transaction an open-market sale?
No, the transaction was a disposition to the issuer, not an open-market sale. It occurred in connection with a merger, where Coterra shares were exchanged for rights to receive Devon Energy common stock at a fixed conversion ratio.
Does Frances M. Vallejo still own Coterra (CTRA) stock after this Form 4 filing?
According to the Form 4, total Coterra shares directly held by Frances M. Vallejo after the transaction are zero. Her former Coterra position was exchanged into rights to receive Devon Energy common stock pursuant to the merger’s agreed conversion terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
