Lowe Robert Ferrall III 4

What Happened

• Robert Ferrall Lowe III, Senior Vice President & Chief Technology Officer of Devon Energy (DVN), was granted 2,479 shares on January 27, 2026. The Form 4 reports the acquisition code "A" (grant/award) at a reported acquisition price of $0.00 (total reported cash value $0).
• This was an equity award (compensation), not an open-market purchase or sale. Such awards are part of pay and do not necessarily reflect immediate buying or selling intent.

Key Details

• Transaction date: 2026-01-27; Filing date: 2026-01-29 (timely filing).
• Transaction type/code: A = Grant/award/other acquisition.
• Shares acquired: 2,479 shares; reported price per share: $0.00; reported cash amount: $0.
• Shares owned after transaction: not specified in the information provided in this summary (check the filing for post-transaction holdings).
• No 10b5-1 plan, tax withholding, or late-filing flags noted in the reported details.

Context

• Code A awards often represent restricted stock grants or conversion of RSUs to shares as part of compensation. They are common as part of executive pay and should be viewed as compensation rather than a straightforward market purchase or sale.
• Because the filing reports an award at $0, it reflects the reporting convention on Form 4; the economic value may be disclosed elsewhere (e.g., proxy or 10‑K/10‑Q compensation tables).