Devon Energy (NYSE: DVN) director receives 5,567 deferred stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

KINDICK KELT reported acquisition or exercise transactions in this Form 4 filing.

DEVON ENERGY CORP/DE director Kelt Kindick reported a compensation grant of company stock. On June 30, 2026, he received 5,567 deferred restricted stock units at a stated price of $0.00 per share, scheduled to vest 100% on the day immediately following the grant date.

After this award, Kindick holds 37,368 shares of Devon Energy common stock directly and 42,590 shares indirectly through the 2019 Kelt Kindick Irrevocable Trust. The filing reflects an equity-based compensation grant rather than any open-market share purchase or sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider KINDICK KELT

Role null

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

Holdings After Transaction: Common Stock — 37,368 shares (Direct, null); Common Stock — 42,590 shares (Indirect, By 2019 Kelt Kindick Irrevocable Trust)

Footnotes (1)

[object Object]

Key Figures

Deferred stock units granted: 5,567 units Grant price per unit: $0.00 per unit Direct holdings after grant: 37,368 shares +2 more

5 metrics

Deferred stock units granted 5,567 units Deferred restricted stock units granted on June 30, 2026

Grant price per unit $0.00 per unit Stated price for the June 30, 2026 grant

Direct holdings after grant 37,368 shares Devon Energy common stock directly owned following the transaction

Indirect holdings 42,590 shares Held by 2019 Kelt Kindick Irrevocable Trust as of June 30, 2026

Transaction code A Indicates grant, award, or other acquisition of non-derivative securities

Key Terms

deferred restricted stock units, indirect ownership, grant, award, or other acquisition, Common Stock

4 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.

indirect ownership financial

"direct_or_indirect: "I", nature_of_ownership: "By 2019 Kelt Kindick Irrevocable Trust""

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 05:05 PM Accepted by SEC EDGAR 07/02/2026 - 05:05 PM

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^*

KINDICK KELT

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2026		A		5,567⁽¹⁾	A	$0	37,368	D
Common Stock								42,590	I	By 2019 Kelt Kindick Irrevocable Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Devon Energy (DVN) director Kelt Kindick report in this Form 4?

Devon Energy director Kelt Kindick reported receiving 5,567 deferred restricted stock units as an equity compensation grant. These units were granted on June 30, 2026 and vest in full the day immediately following the grant date, increasing his direct share ownership.

How many Devon Energy (DVN) shares does Kelt Kindick hold after the reported grant?

After the grant, Kelt Kindick directly holds 37,368 shares of Devon Energy common stock. He also has indirect ownership of 42,590 shares through the 2019 Kelt Kindick Irrevocable Trust, giving him both direct and trust-based exposure to the company’s equity.

Was Kelt Kindick’s Devon Energy (DVN) transaction a stock purchase or sale?

The reported activity was neither a market purchase nor a sale. It was a grant of 5,567 deferred restricted stock units as compensation, recorded with transaction code “A” for grant, award, or other acquisition, at a stated price of $0.00 per share.

What are the vesting terms of Kelt Kindick’s new Devon Energy (DVN) stock units?

The 5,567 deferred restricted stock units granted to Kelt Kindick on June 30, 2026 vest 100% on the day immediately following the grant date. This single-step vesting schedule means all units convert based on that specific post-grant date milestone.