Devon Energy (NYSE: DVN) EVP sells 70,029 shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Devon Energy executive Jeffrey L. Ritenour, EVP & Chief Corporate Development Officer, reported an open-market sale of 70,029 shares of Devon Energy common stock on May 11, 2026 at a weighted average price of $46.66 per share.
After this transaction, Ritenour directly holds 428,452 shares of Devon Energy common stock. The footnote explains that the reported price is a weighted average, with individual sales executed in multiple trades at prices ranging from $46.44 to $46.79 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 70,029 shares ($3,267,553)
Net Sell
1 txn
Insider
Ritenour Jeffrey L
Role
EVP & CHIEF CORP DEV OFFICER
Sold
70,029 shs ($3.27M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 70,029 | $46.66 | $3.27M |
Holdings After Transaction:
Common Stock — 428,452 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 70,029 shares
Weighted average sale price: $46.66 per share
Post-transaction holdings: 428,452 shares
+1 more
4 metrics
Shares sold
70,029 shares
Open-market sale on May 11, 2026
Weighted average sale price
$46.66 per share
Common stock sale on May 11, 2026
Post-transaction holdings
428,452 shares
Direct ownership after May 11, 2026 sale
Sale price range
$46.44–$46.79 per share
Multiple trades underlying weighted average price
Key Terms
open-market sale, weighted average price, Common Stock, Form 4
4 terms
open-market sale financial
"reported an open-market sale of 70,029 shares of Devon Energy common stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Common Stock financial
"Devon Energy common stock on May 11, 2026 at a weighted average price"
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
"The transaction was an open-market sale of common stock by an executive officer."
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 insider transaction did Devon Energy (DVN) report for Jeffrey L. Ritenour?
Devon Energy reported that EVP Jeffrey L. Ritenour sold 70,029 shares. The transaction was an open-market sale of common stock, recorded on May 11, 2026, and reflects activity by a senior executive in the company.
What type of insider transaction was reported for Devon Energy (DVN)?
The transaction was an open-market sale of common stock by an executive officer. The Form 4 classifies it with code "S" for sale, indicating shares were sold in market trades rather than granted or transferred without consideration.