Devon Energy director reports stock grant and gifts
Devon Energy director Thomas E. Jorden reported compensation and gift transactions in company stock.
Rhea-AI Filing Summary
Devon Energy director Thomas E. Jorden reported compensation and gift transactions in company stock. On June 30, 2026, he received a grant of 7,684 shares of restricted stock that vest 100% on the day immediately following the grant date. On July 1, 2026, he made two bona fide gifts totaling 15,368 common shares, including shares held directly and by a trust. After these transactions, he beneficially owns 2,416,436 common shares indirectly through a trust and holds no shares directly. These movements involve awards and gifts, not open‑market trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,368 shares gifted
Gift
3 txns
Insider
JORDEN THOMAS E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 7,684 | $0.00 | $0.00 |
| Gift | Common Stock | 7,684 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 7,684 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 0 shares (Direct);
Common Stock — 2,416,436 shares (Indirect, By Trust)
Footnotes (2)
- F1. Represents restricted stock granted on June 30, 2026, to vest 100% on the day immediately following the grant date.
- F2. The amount of shares beneficially owned following the reported transaction has been adjusted from the previously filed Form 4 for the reporting person to correct for a rounding difference in calculating the exchange of securities upon the effectiveness of the merger transaction between Coterra Energy Inc. and Devon Energy Corporation on May 7, 2026.
Key Figures
Restricted stock grant: 7,684 shares
Total gifted shares: 15,368 shares
Indirect holdings after transactions: 2,416,436 shares
+1 more
4 metrics
Restricted stock grant
7,684 shares
Granted on June 30, 2026; vests 100% the next day
Total gifted shares
15,368 shares
Two bona fide gifts of 7,684 shares each on July 1, 2026
Indirect holdings after transactions
2,416,436 shares
Common stock beneficially owned indirectly by trust after reported transactions
Direct holdings after transactions
0 shares
Common stock directly held following the July 1, 2026 gifts
Key Terms
restricted stock, bona fide gift, beneficially owned, merger transaction
4 terms
restricted stock financial
"Represents restricted stock granted on June 30, 2026, to vest 100% on the day immediately following the grant date."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
bona fide gift financial
"transaction_code_description: "Bona fide gift" for the July 1, 2026 common stock transfers."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficially owned financial
"The amount of shares beneficially owned following the reported transaction has been adjusted from the previously filed Form 4..."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
merger transaction financial
"...calculating the exchange of securities upon the effectiveness of the merger transaction between Coterra Energy Inc. and Devon Energy Corporation on May 7, 2026."
A merger transaction is when two companies combine into a single business, with one or both sets of owners exchanging, selling or reorganizing their shares so the firms operate together. For investors it matters because the deal can change the value and risk of their holdings — like two households moving in together and pooling budgets, it can create cost savings or new revenue but also brings integration costs, different ownership stakes and regulatory hurdles that affect share prices.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did DVN director Thomas E. Jorden report?
Thomas E. Jorden reported a grant of 7,684 restricted shares and two bona fide gifts totaling 15,368 Devon Energy common shares. The grant represented stock-based compensation, while the gifts transferred ownership without any sale or purchase on the open market.
What are the details of the restricted stock grant to DVN director Thomas E. Jorden?
Jorden received 7,684 shares of restricted stock on June 30, 2026. The award is scheduled to vest 100% on the day immediately following the grant date, meaning the entire grant becomes unrestricted at once rather than in multiple installments over time.
Were Thomas E. Jorden’s Devon Energy transactions open-market trades?
The reported transactions were not open-market trades. They consisted of a grant of restricted stock as compensation and two bona fide gifts of 7,684 shares each, made at a price of $0.00 per share with no sale proceeds involved.
AI-generated analysis. How Rhea-AI works. Not financial advice.
