Devon Energy (DVN) EVP Cameron Dennis Receives Restricted Stock

What Happened Cameron Dennis, EVP and General Counsel of Devon Energy (DVN), was granted 23,920 restricted shares on 2026-02-10 (reported on Form 4 filed 2026-02-12). To satisfy tax withholding on the award, 15,956 of those shares were surrendered at $43.48 per share, generating proceeds of about $693,766. The award itself shows an acquisition price of $0.00 (i.e., a grant of restricted stock), and the net new shares retained from this grant are 7,964 (23,920 granted minus 15,956 withheld).

Key Details

• Transaction date: 2026-02-10; Form 4 filed: 2026-02-12 (timely).
• Award: 23,920 shares acquired (code A) at $0.00.
• Withholding/tax payment: five dispositions (code F) totaling 15,956 shares at $43.48 each; aggregated value ≈ $693,766.
  • Breakdowns reported: 6,522; 3,328; 2,700; 1,726; and 1,680 shares withheld.
• Net shares retained from the grant: 7,964 shares.
• Shares owned after the transaction: not reported on the data provided.
• Footnote: The restricted stock vests in 25% installments on Feb 10 of 2027, 2028, 2029 and 2030.

Context This wasn’t an open-market purchase or sale; it’s a standard restricted stock grant with shares withheld to cover tax obligations (routine for equity awards). The acquisition is an award (a form of compensation) rather than a bullish personal purchase, so it primarily reflects company compensation practices rather than an immediate insider bet on the stock.