Devon Energy (DVN) director granted 5,567 deferred restricted stock units in Form 4

Rhea-AI Filing Summary

Williams Valerie reported acquisition or exercise transactions in this Form 4 filing.

Devon Energy director Valerie Williams received a grant of 5,567 shares of common stock in the form of deferred restricted stock units on June 30, 2026. These units vest 100% on the day immediately following the grant date, bringing her direct holdings to 52,034 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Williams Valerie

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,567	$0.00	--

Holdings After Transaction: Common Stock — 52,034 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 5,567 shares Grant price: $0.00 per share Post-transaction holdings: 52,034 shares +1 more

4 metrics

Shares granted 5,567 shares Deferred restricted stock units granted June 30, 2026

Grant price $0.00 per share Compensation grant, not open-market purchase

Post-transaction holdings 52,034 shares Total common stock directly held after grant

Vesting schedule 100% next day Vests 100% on day immediately following June 30, 2026 grant

Key Terms

deferred restricted stock units, Form 4, grant/award acquisition

3 terms

deferred restricted stock units financial

"Represents deferred restricted stock units granted on June 30, 2026, to vest 100% on the day immediately following the grant date."

Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.

Form 4 regulatory

"The grant was reported on Form 4 and reflects a compensation-related acquisition rather than an open-market purchase or sale."

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.

grant/award acquisition financial

"The filing describes the transaction as a grant or award acquisition of 5,567 deferred restricted stock units at a price of $0.00 per share."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:54 PM Accepted by SEC EDGAR 07/02/2026 - 04:53 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Williams Valerie

(Last) (First) (Middle)

THREE MEMORIAL CITY PLAZA

840 GESSNER ROAD, SUITE 1400

(Street)

HOUSTON TEXAS 77024

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DEVON ENERGY CORP/DE [ DVN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/30/2026		A		5,567(1)	A	$0	52,034	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents deferred restricted stock units granted on June 30, 2026, to vest 100% on the day immediately following the grant date.

	/s/ Edward T. Highberger, Attorney-in-Fact	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Devon Energy (DVN) report for Valerie Williams?

Devon Energy reported that director Valerie Williams received 5,567 shares of common stock as a grant of deferred restricted stock units. The grant was reported on Form 4 and reflects a compensation-related acquisition rather than an open-market purchase or sale.

When do Valerie Williams’ new Devon Energy (DVN) deferred restricted stock units vest?

The deferred restricted stock units granted to Valerie Williams vest 100% on the day immediately following the June 30, 2026 grant date. This means the entire 5,567-share award becomes fully vested in a single step shortly after the grant.

How many Devon Energy (DVN) shares does Valerie Williams hold after this Form 4 transaction?

After the reported grant, Valerie Williams directly holds 52,034 shares of Devon Energy common stock. This total includes the newly acquired 5,567 deferred restricted stock units once vested, as reflected in the post-transaction ownership figure disclosed in the filing.

Was Valerie Williams’ Devon Energy (DVN) grant an open-market stock purchase?

No. The filing describes the transaction as a grant or award acquisition of 5,567 deferred restricted stock units at a price of $0.00 per share. This indicates a compensation grant, not an open-market purchase by the director.

What does the footnote reveal about the Devon Energy (DVN) stock units granted to Valerie Williams?

The footnote explains that the 5,567 units are deferred restricted stock units granted on June 30, 2026, which vest 100% the day immediately following the grant date. This clarifies both the nature of the award and its rapid, one-time vesting schedule.