Devon Energy CEO awarded 53,979 shares, buys more

DEVON ENERGY CORP/DE (DVN) reported that President and CEO Clay M. Gaspar acquired additional common stock.

Rhea-AI Filing Summary

DEVON ENERGY CORP/DE (DVN) reported that President and CEO Clay M. Gaspar acquired additional common stock. On September 10, 2026 he received a grant of 53,979 shares of restricted stock, which vest in three equal installments on September 10 of 2027, 2028 and 2029. On September 14, 2026 he separately purchased 3,913 shares of common stock in the open market at a weighted average price of $51.08 per share, with individual trades ranging from $51.07 to $51.09. The filing also reports indirect holdings of 186,289 shares in a trust for him and 194,175 shares in a trust for his spouse.

Insider Trade Summary

Net Buyer: 3,913 shares

Net Buy 4 txns

Insider Gaspar Clay M

Role PRESIDENT AND CEO

Bought 3,913 shs ($200K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F2	3,913	$51.08	$200K
Grant/Award	Common Stock F1	53,979	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 619,152 shares (Direct); Common Stock — 186,289 shares (Indirect, By Trust for Reporting Person); Common Stock — 194,175 shares (Indirect, By Trust for Spouse)

Footnotes (2)

1. F1. Reflects restricted stock awarded that vests in three equal installments on the 10th day of September in each of the years 2027, 2028 and 2029.
2. F2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $51.07 to $51.09 per share. The reporting person undertakes to provide to Devon Energy Corporation, any security holder of Devon Energy Corporation or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

Key Figures

Restricted stock granted: 53,979 shares Open-market shares purchased: 3,913 shares Weighted average purchase price: $51.08 per share +3 more

6 metrics

Restricted stock granted 53,979 shares Award to CEO on September 10, 2026 vesting 2027–2029

Open-market shares purchased 3,913 shares Purchase on September 14, 2026

Weighted average purchase price $51.08 per share Open-market purchase on September 14, 2026; trades from $51.07 to $51.09

Trust holdings for reporting person 186,289 shares Indirect ownership by trust for reporting person as of September 10, 2026

Trust holdings for spouse 194,175 shares Indirect ownership by trust for spouse as of September 10, 2026

Net buy/sell shares in period 3,913 shares net bought Transaction summary across reported non-derivative trades

Key Terms

restricted stock, weighted average price, indirect ownership

3 terms

restricted stock financial

"Reflects restricted stock awarded that vests in three equal installments"

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.

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.

indirect ownership financial

"reported as indirect ownership by trusts for the reporting person and spouse"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did DVN’s CEO Clay M. Gaspar report on this Form 4?

Clay M. Gaspar reported a grant of 53,979 restricted shares on September 10, 2026, vesting over three years, and an open-market purchase of 3,913 shares on September 14, 2026 at a weighted average price of $51.08 per share.

How many restricted Devon Energy (DVN) shares were granted to the CEO?

The CEO was granted 53,979 shares of restricted stock on September 10, 2026. These shares vest in three equal installments on September 10 in each of the years 2027, 2028 and 2029.

At what price did the DVN CEO buy shares in the open market?

On September 14, 2026, the CEO purchased 3,913 Devon Energy shares at a weighted average price of $51.08 per share. The trades were executed in a price range from $51.07 to $51.09 per share.

Were Clay M. Gaspar’s Devon Energy (DVN) transactions under a Rule 10b5-1 plan?

No. The Form 4 indicates no Rule 10b5-1 trading plan; the document-level checkbox for such a plan is not checked, and the footnotes describe pricing details and vesting, not any pre-arranged trading plan.

What indirect Devon Energy (DVN) holdings are reported for the CEO and his family?

The filing reports 186,289 shares held by a trust for the reporting person and 194,175 shares held by a trust for his spouse, both categorized as indirect ownership of Devon Energy common stock.

Does the Form 4 show any Devon Energy (DVN) share sales by the CEO?

No. The transactions reported are a restricted stock grant and an open-market purchase. The summary metrics show zero sell transactions and a net direction of net-buy for the period covered.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 07:34 PM Accepted by SEC EDGAR 09/14/2026 - 07:33 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^*

Gaspar Clay M

(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
X	Officer (give title below)		Other (specify below)
	PRESIDENT AND CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026

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	09/10/2026		A		53,979(1)	A	$0	615,239	D
Common Stock	09/14/2026		P		3,913	A	$51.08(2)	619,152	D
Common Stock								186,289	I	By Trust for Reporting Person
Common Stock								194,175	I	By Trust for Spouse

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. Reflects restricted stock awarded that vests in three equal installments on the 10th day of September in each of the years 2027, 2028 and 2029.

2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $51.07 to $51.09 per share. The reporting person undertakes to provide to Devon Energy Corporation, any security holder of Devon Energy Corporation or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

	/s/ Edward T. Highberger, Attorney-in-Fact	09/14/2026
	** 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)