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

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Devon Energy director Jacinto J. Hernandez reported an equity award of 5,567 shares of Common Stock. The Form 4 shows a grant coded as an acquisition, with a reported price of $0.00 per share, reflecting a stock-based compensation grant rather than an open-market purchase.

According to the footnote, the award represents deferred restricted stock units granted on June 30, 2026, scheduled to vest 100% on the day immediately following the grant date. After this grant, Hernandez’s directly owned Common Stock holdings reported in the filing total 12,368 shares, indicating a relatively modest, routine director compensation grant.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hernandez Jacinto J

Role null

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

Holdings After Transaction: Common Stock — 12,368 shares (Direct, null)

Footnotes (1)

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Key Figures

Equity award size: 5,567 shares Transaction price per share: $0.00 per share Shares held after transaction: 12,368 shares +1 more

4 metrics

Equity award size 5,567 shares Deferred restricted stock units granted on June 30, 2026

Transaction price per share $0.00 per share Grant, award, or other acquisition of Common Stock

Shares held after transaction 12,368 shares Direct Common Stock ownership following the grant

Vesting timing 100% next day Deferred restricted stock units vest day after June 30, 2026 grant

Key Terms

deferred restricted stock units, vest 100%, Common Stock, Grant, award, or other acquisition

4 terms

deferred restricted stock units financial

"Represents deferred restricted stock units granted on June 30, 2026, to vest 100%..."

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.

vest 100% financial

"granted on June 30, 2026, to vest 100% on the day immediately following..."

Common Stock financial

"security_title: "Common Stock" for the reported Form 4 transaction"

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 →

Available on EDGAR 07/02/2026 - 05:02 PM Accepted by SEC EDGAR 07/02/2026 - 05:00 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^*

Hernandez Jacinto J

(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	12,368	D

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 insider transaction did Devon Energy (DVN) disclose for Jacinto J. Hernandez?

Devon Energy disclosed that director Jacinto J. Hernandez received an equity award of 5,567 shares of Common Stock. The transaction is coded as a grant or award acquisition, indicating stock-based compensation rather than an open-market purchase of DVN shares.

How many Devon Energy (DVN) shares did Hernandez hold after this Form 4 grant?

After the reported grant, Jacinto J. Hernandez is shown holding 12,368 shares of Devon Energy Common Stock directly. This total includes the 5,567-share equity award disclosed in the Form 4 and reflects his updated ownership position following the transaction.

What type of equity did Devon Energy grant to director Hernandez on June 30, 2026?

Devon Energy granted deferred restricted stock units to director Jacinto J. Hernandez on June 30, 2026. The filing specifies these units convert into Common Stock, with the award represented as 5,567 shares and classified as a grant, award, or other acquisition.

When do the deferred restricted stock units granted to Hernandez vest?

The deferred restricted stock units granted to Jacinto J. Hernandez vest 100% on the day immediately following the June 30, 2026 grant date. This means the entire 5,567-share award becomes fully vested at once, rather than vesting in multiple installments over time.

Did Hernandez pay cash for the 5,567 Devon Energy shares reported in the Form 4?

No cash payment is indicated for the 5,567 shares. The Form 4 shows a transaction price per share of $0.00, consistent with a stock-based compensation grant where shares are awarded as part of director compensation rather than bought on the open market.