Gaspar Clay M 4

What Happened
Clay Gaspar, President & CEO and a director of Devon Energy (DVN), was granted 68,308 restricted shares and on the same date disposed of 30,884 shares to satisfy tax withholding. The disposals were reported as 5 separate withholdings on 2026-02-10 at $43.48 per share, totaling roughly $1,342,836 in proceeds. The grant (Code A) shows an acquisition of 68,308 shares at $0.00 (restricted stock award).

Key Details

• Transaction date: 2026-02-10; Form 4 filed: 2026-02-12 (appears timely within the 2‑business‑day filing window).
• Withholding/sales: 10,435; 10,240; 4,257; 2,761; and 3,191 shares — all disposed at $43.48 each. Aggregate disposed = 30,884 shares; aggregate proceeds ≈ $1.34M.
• Award: 68,308 restricted shares granted (Code A) at $0.00.
• Footnote: F1 — the restricted stock vests in four 25% installments on Feb 10 of 2027, 2028, 2029 and 2030. The F-coded disposals represent shares withheld/sold to cover tax liability on the award.
• Shares owned after the transactions: not specified in the information provided.
• No indication in this filing of a 10b5‑1 plan or a late filing.

Context
This was primarily a compensation event: a restricted stock grant with mandatory withholding/sale of a portion of the award to cover taxes. Such share dispositions coded for tax withholding are routine and do not necessarily signal a CEO decision to sell for investment reasons. Net effect from these entries (grant minus withholdings) is a roughly 37,424-share increase in his holdings from this award (68,308 granted − 30,884 withheld).