[Form 4] DEVON ENERGY CORP/DE Insider Trading Activity
Rhea-AI Filing Summary
Devon Energy director Thomas E. Jorden reported non-market share dispositions tied to merger-related equity vesting. On May 15, 2026, he made bona fide gifts totaling 631,784 shares of Devon common stock and had additional shares withheld to cover taxes.
The filing shows 204,956 shares were disposed of at $49.49 per share through tax-withholding transactions, which satisfied exercise price or tax obligations on vested restricted stock units rather than open-market sales. After these steps, Jorden holds 2,408,753 shares indirectly through a trust and 468,042 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 204,956 shares
Net Sell
6 txns
Insider
JORDEN THOMAS E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 52,806 | $49.49 | $2.61M |
| Exercise Price or Tax Liability | Common Stock | 49,672 | $49.49 | $2.46M |
| Exercise Price or Tax Liability | Common Stock | 52,806 | $49.49 | $2.61M |
| Exercise Price or Tax Liability | Common Stock | 49,672 | $49.49 | $2.46M |
| Gift | Common Stock | 315,892 | $0.00 | $0.00 |
| Gift | Common Stock | 315,892 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 0 shares (Direct);
Common Stock — 2,408,753 shares (Indirect, By Trust)
Footnotes (1)
- F1. On May 7, 2026, pursuant to the Agreement and Plan of Merger entered into on February 1, 2026, by and among Devon Energy Corporation (''Devon''), Coterra Energy Inc. (''Coterra") and Cubs Merger Sub, Inc. ("Merger Sub"), Coterra merged with and into Merger Sub, with Coterra surviving as a wholly owned subsidiary of Devon (the "Merger"). In connection with the closing of the Merger, the reporting person's employment with Coterra terminated and certain Devon restricted stock units accelerated and vested pursuant to a separation agreement between the reporting person and Coterra. The vesting of such restricted stock units was effective on May 15, 2026, following the expiration of the revocation period under such separation agreement. The reported disposition represents shares of Devon common stock withheld by Devon to satisfy the reporting person's tax obligations related to the vesting of the applicable restricted stock units, not a sale transaction by the reporting person.
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