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Devon Energy (DVN) director Karl Kurz receives 5,567-share restricted stock grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kurz Karl F reported acquisition or exercise transactions in this Form 4 filing.

Devon Energy director Karl F. Kurz received a grant of 5,567 shares of common stock as restricted stock. The award was granted on June 30, 2026, with the restricted stock scheduled to vest 100% on the day immediately following the grant date. Following this compensation grant, Kurz directly holds a total of 94,315 shares of Devon Energy common stock.

Positive

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Negative

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Insider Kurz Karl F
Role null
Type Security Shares Price Value
Grant/Award Common Stock 5,567 $0.00 --
Holdings After Transaction: Common Stock — 94,315 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Restricted stock grant 5,567 shares Common Stock awarded June 30, 2026
Grant price $0.00 per share Equity compensation, not market purchase
Shares held after grant 94,315 shares Total direct holdings following transaction
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.
Common Stock financial
"security_title: Common Stock"
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Kurz Karl F
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/30/2026A5,567(1)A$094,315D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents restricted stock granted on June 30, 2026, to vest 100% on the day immediately following the grant date.
/s/ Edward T. Highberger, Attorney-in-Fact07/02/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Devon Energy (DVN) director Karl F. Kurz report?

Karl F. Kurz reported receiving a grant of 5,567 shares of Devon Energy common stock as restricted stock. The Form 4 shows this was a compensation-related award, not an open-market purchase or sale, and it increased his directly held share position.

How many Devon Energy (DVN) shares does Karl F. Kurz hold after this grant?

After the June 30, 2026 restricted stock grant, Karl F. Kurz holds 94,315 shares of Devon Energy common stock directly. This total includes the newly granted 5,567 restricted shares, which are scheduled to vest in full the day after the grant date.

Was the Devon Energy (DVN) insider transaction a market purchase or sale?

The transaction was not a market purchase or sale. It was coded as a grant, award, or other acquisition of 5,567 restricted shares at a price of $0.00 per share, reflecting equity compensation rather than trading activity in the open market.

When do Karl F. Kurz’s newly granted Devon Energy (DVN) restricted shares vest?

The 5,567 restricted shares granted to Karl F. Kurz on June 30, 2026 are scheduled to vest 100% on the day immediately following the grant date. This creates a very short vesting period compared with typical multi-year restricted stock schedules.

What does the zero dollar price on Karl F. Kurz’s Devon Energy (DVN) grant mean?

The reported price of $0.00 per share indicates the 5,567 shares were granted as equity compensation, not bought in the market. He did not pay cash to acquire these restricted shares; they represent part of his compensation as a Devon Energy director.