Devon Energy (DVN) EVP, CFO Shannon Young files initial Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
DEVON ENERGY CORP/DE filed an initial Form 3 for executive vice president and chief financial officer Shannon E. Young III. This filing establishes his status as an insider for reporting purposes. It does not list any share holdings or report any transactions at this time.
Positive
- None.
Negative
- None.
Key Figures
Reported buy transactions: 0 transactions
1 metrics
Reported buy transactions
0 transactions
Form 3 transaction summary
Key Terms
Form 3, beneficial ownership, EVP, CFO
3 terms
Form 3 regulatory
"Devon Energy filed an initial Form 3 for Shannon E. Young III"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership financial
"This filing serves as an initial beneficial ownership statement for the insider"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
EVP, CFO financial
"Shannon E. Young III is identified as EVP, CFO of Devon Energy"
FAQ
What does the Devon Energy (DVN) Form 3 for Shannon E. Young III show?
The Form 3 shows that Shannon E. Young III is an executive vice president and chief financial officer of Devon Energy. It serves as his initial insider ownership registration but does not detail any specific holdings or trades in this filing.
Who is the reporting person on this Devon Energy (DVN) Form 3?
The reporting person is Shannon E. Young III, who serves as executive vice president and chief financial officer of Devon Energy. The filing confirms his officer status and role but does not show any specific securities positions in this excerpt.
Does the Devon Energy (DVN) Form 3 indicate derivative or option positions?
The Form 3 excerpt shows no derivative positions, with a derivative transaction count of zero and an empty derivative summary. This suggests no options or similar instruments are reported in this particular filing snapshot for Shannon E. Young III.
Why is a Form 3 filed for Devon Energy (DVN) executive officers?
Form 3 is filed when someone becomes a reporting insider, such as an executive officer, director, or large shareholder. For Devon Energy, this filing formally registers Shannon E. Young III as an insider subject to ongoing securities transaction reporting requirements.