Hellman Thomas Jeffrey 4

What Happened Jeffrey Hellman, SVP, E&P Operations at Devon Energy (DVN), received a grant of 16,560 restricted shares on Feb 10, 2026 (transaction code A). To satisfy tax withholding related to the award (transaction code F), 1,920 shares were disposed/withheld at $43.48 each for a total of $83,482. The grant was reported with an acquisition price of $0.00 (standard for restricted stock awards).

Key Details

• Transaction date: 2026-02-10 (reported on Form 4 filed 2026-02-12). Filing appears timely (filed two days after the transaction date).
• Award: 16,560 restricted shares (reported at $0.00 acquisition price).
• Tax withholding / payment: 1,920 shares withheld/disposed at $43.48 each = $83,482.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The restricted shares vest in 25% installments on Feb 10 of 2027, 2028, 2029 and 2030 (see footnote F1).
• Transaction codes explained: A = award/grant; F = payment of exercise price or tax liability (here used for withholding).

Context

• This was an equity award (restricted stock) rather than an open-market purchase or sale; the award will vest over four years, so it’s a retention/compensation action rather than an immediate market bet.
• The 1,920-share disposition reflects routine tax withholding on the grant, not an independent open-market sale. Such withholdings are common and don’t necessarily signal the insider’s view on the stock.