Devon Energy (DVN) SVP awarded 16,560 restricted shares, covers taxes

Rhea-AI Filing Summary

Devon Energy senior vice president John David Raines reported several stock transactions dated February 10, 2026. He disposed of multiple blocks of common stock at $43.48 per share to cover tax withholding obligations tied to equity awards. On the same date, he acquired 16,560 shares of restricted stock at no cost, which will vest in 25% installments each February 10 in 2027, 2028, 2029, and 2030. After these transactions, he directly held 57,001 shares of Devon Energy common stock.

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

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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^*

Raines John David

(Last) (First) (Middle)

333 W SHERIDAN AVE

(Street)

OKLAHOMA CITY OK 73102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DEVON ENERGY CORP/DE [ DVN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, E&P Asset Management

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/10/2026		F		1,631	D	$43.48	44,822	D
Common Stock	02/10/2026		F		1,920	D	$43.48	42,902	D
Common Stock	02/10/2026		F		974	D	$43.48	41,928	D
Common Stock	02/10/2026		F		647	D	$43.48	41,281	D
Common Stock	02/10/2026		F		840	D	$43.48	40,441	D
Common Stock	02/10/2026		A		16,560(1)	A	$0	57,001	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)
				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 25% installments on the 10th day of February in each of the years 2027, 2028, 2029, and 2030.

	/s/ Edward T. Highberger, Attorney-in-Fact for John David Raines	02/12/2026
	** 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).
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FAQ

What insider activity did Devon Energy (DVN) report for John David Raines?

Devon Energy reported that SVP John David Raines disposed of several blocks of common stock to satisfy tax-withholding obligations and received a grant of 16,560 restricted shares. These moves reflect routine equity compensation and related tax payments rather than open-market buying or selling.

How many restricted shares did Devon Energy (DVN) grant to its SVP?

Devon Energy granted SVP John David Raines 16,560 restricted shares of common stock. The award vests in four equal 25% installments on February 10 of 2027, 2028, 2029, and 2030, aligning the executive’s compensation with long-term company performance.

What was the price involved in the Devon Energy (DVN) tax-withholding stock transactions?

The tax-withholding stock dispositions by Devon Energy SVP John David Raines were reported at $43.48 per share. These transactions were coded as type “F,” meaning shares were withheld or delivered to cover tax liabilities arising from equity compensation awards, not open-market trades.

How many Devon Energy (DVN) shares does the reporting SVP hold after these transactions?

After the reported February 10, 2026 transactions, SVP John David Raines directly held 57,001 shares of Devon Energy common stock. This total reflects both the restricted stock grant and the shares disposed of to cover tax obligations related to his equity awards.

What is the vesting schedule for the Devon Energy (DVN) restricted stock grant?

The 16,560 restricted shares granted to Devon Energy SVP John David Raines vest in four equal 25% installments. Vesting occurs on the 10th day of February in each of the years 2027, 2028, 2029, and 2030, encouraging multi-year retention.