Devon Energy (DVN) CTO granted 30,043 restricted stock shares in equity award
Rhea-AI Filing Summary
Lowe Robert Ferrall III reported acquisition or exercise transactions in this Form 4 filing.
Devon Energy Corp. executive Robert Ferrall Lowe III, EVP & Chief Technology Officer, reported an equity compensation grant of 30,043 shares of common stock on June 10, 2026. The award is restricted stock that vests 100% on June 10, 2029, bringing his direct holdings to 79,476 shares. The filing indicates the transaction was not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 30,043 shares
Net Buy
1 txn
Insider
Lowe Robert Ferrall III
Role
EVP & CHIEF TECHNOLOGY OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 30,043 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 79,476 shares (Direct)
Footnotes (1)
- F1. Reflects restricted stock awarded that vests 100% on June 10, 2029.
Key Figures
Restricted stock grant: 30,043 shares
Shares held after transaction: 79,476 shares
Vesting date: June 10, 2029
3 metrics
Restricted stock grant
30,043 shares
Restricted common stock awarded on June 10, 2026
Shares held after transaction
79,476 shares
Total direct common stock holdings after award
Vesting date
June 10, 2029
Restricted stock vests 100% on this date
Key Terms
restricted stock, grant, award, or other acquisition, direct ownership
3 terms
restricted stock financial
"Reflects restricted stock awarded that vests 100% on June 10, 2029."
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.
grant, award, or other acquisition financial
"Transaction code description is Grant, award, or other acquisition."
direct ownership financial
"Ownership type for these shares is reported as direct."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Devon Energy (DVN) report in this Form 4?
Devon Energy reported that EVP & Chief Technology Officer Robert Ferrall Lowe III received a grant of 30,043 shares of common stock as restricted stock on June 10, 2026, classified as a grant, award, or other acquisition.
What are the vesting terms of the restricted stock granted by Devon Energy (DVN)?
The filing states the 30,043 restricted shares awarded to Robert Ferrall Lowe III vest 100% on June 10, 2029. Until that vesting date, the shares are restricted stock subject to the specified vesting schedule described in the footnote.
Did Devon Energy (DVN) indicate this Form 4 transaction was under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, meaning the reported grant of 30,043 restricted shares to Robert Ferrall Lowe III is not affirmed as being made under a Rule 10b5-1 trading plan.
What type of security was involved in the Devon Energy (DVN) insider grant?
The transaction involved Common Stock of Devon Energy. Specifically, it reflects a restricted stock award of 30,043 shares that vests in full on June 10, 2029, and is categorized as a grant, award, or other acquisition.