Lowe Robert Ferrall III 4

What Happened
Robert Ferrall Lowe III, SVP & Chief Technology Officer at Devon Energy (DVN), was granted two restricted stock awards on Feb 10, 2026 (9,200 shares and 17,250 shares, acquired at $0.00). To satisfy tax-withholding obligations tied to the grant, five share dispositions occurred the same day: 1,088; 1,088; 649; 432; and 525 shares sold at $43.48 each, generating proceeds of $47,306; $47,306; $28,219; $18,783; and $22,827 respectively (totaling $164,441). The awards are acquisitions (A) of RSUs; the disposals are code F (shares withheld/sold for tax).

Key Details

• Transaction date: February 10, 2026; Form 4 filed February 12, 2026 (timely filing).
• Dispositions (tax withholding):
  • 1,088 shares @ $43.48 = $47,306
  • 1,088 shares @ $43.48 = $47,306
  • 649 shares @ $43.48 = $28,219
  • 432 shares @ $43.48 = $18,783
  • 525 shares @ $43.48 = $22,827
  • Total proceeds for withholding: $164,441
• Awards (acquisitions): 9,200 RSUs @ $0.00 and 17,250 RSUs @ $0.00 (total 26,450 RSUs granted).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Footnotes / vesting:
  • F1: 9,200 RSUs vest in four equal (25%) installments on Feb 10 of 2027, 2028, 2029, and 2030.
  • F2: 17,250 RSUs vest 100% on Feb 10, 2029.
• Transaction codes: A = award/acquisition (RSUs); F = shares withheld/sold to satisfy tax withholding.

Context
Restricted stock/unit grants are common compensation and represent future equity if vesting conditions are met. The withheld/sold shares were used to cover tax obligations on the RSU awards (routine tax-withholding), not an open-market discretionary sale by the insider. Awards can be viewed as an acquisition signal of alignment with the company but do not reflect immediately tradable shares until vested; withheld shares reduce the net shares delivered to the insider when vesting occurs.