Cashion Tana K 4

What Happened

• Tana K. Cashion, EVP Human Resources & Administration at Devon Energy (DVN), was granted 15,640 restricted shares on 2026-02-10 (code A).
• On the same date she had five withholding/disposition transactions (code F) totaling 10,564 shares disposed to cover tax liabilities at $43.48 per share:
  • 4,174 shares @ $43.48 = $181,486
  • 2,176 shares @ $43.48 = $94,612
  • 1,765 shares @ $43.48 = $76,742
  • 1,105 shares @ $43.48 = $48,045
  • 1,344 shares @ $43.48 = $58,437
• Aggregate withheld/disposed value: $459,322. The grant itself is recorded at $0.00 per share (standard for awards).

Key Details

• Transaction date: February 10, 2026; Form 4 filed February 12, 2026 (appears timely).
• Prices for withholding: $43.48 per share.
• Shares owned after transaction: not specified in the provided data (see the Form 4 for total beneficial ownership).
• Footnote: The restricted stock award vests in four equal 25% installments on February 10 of 2027, 2028, 2029 and 2030.
• Transaction codes: A = award/grant; F = payment of exercise price or tax liability (share withholding used to satisfy tax obligations).

Context

• This was a restricted stock award, not an open-market purchase or voluntary sale. The F-code disposals reflect routine tax-withholding (shares surrendered to cover tax withholding) and are common when awards are granted or vest.
• Such withholding transactions are administrative and do not necessarily signal the insider’s market view. The award vests over four years, so the economic interest in the full 15,640 shares is subject to future vesting dates.