Raines John David 4
4 · DEVON ENERGY CORP/DE · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Devon Energy (DVN) SVP John Raines Receives Award; Shares Withheld
What Happened
- John David Raines, SVP, E&P Asset Management at Devon Energy (DVN), was granted 16,560 restricted shares on 2026-02-10 (reported as acquired at $0.00). To cover tax liabilities, 6,012 of those shares were withheld/disposed (coded F) in five lots at $43.48 per share, totaling $261,403. Net issued to Raines after withholding: 10,548 shares.
Key Details
- Transaction date: 2026-02-10; Form 4 filed: 2026-02-12 (timely).
- Withheld share lots: 1,631; 1,920; 974; 647; 840 — all at $43.48/share. Individual proceeds listed: $70,916; $83,482; $42,350; $28,132; $36,523 (total ~$261,403).
- Award: 16,560 restricted shares reported as acquired at $0.00 (code A); withholdings coded F (tax withholding).
- Shares owned after the transaction are not disclosed in the provided data.
- Footnote: the restricted stock award vests in 25% installments on Feb 10 of 2027, 2028, 2029 and 2030.
Context
- The disposals were tax-withholding actions, not open-market sales — a routine administrative step when restricted shares are issued/vest. The award is restricted and subject to multi-year vesting, so this does not necessarily indicate a change in insider sentiment.
Insider Transaction Report
Form 4
Raines John David
SVP, E&P Asset Management
Transactions
- Tax Payment
Common Stock
2026-02-10$43.48/sh−1,631$70,916→ 44,822 total - Tax Payment
Common Stock
2026-02-10$43.48/sh−1,920$83,482→ 42,902 total - Tax Payment
Common Stock
2026-02-10$43.48/sh−974$42,350→ 41,928 total - Tax Payment
Common Stock
2026-02-10$43.48/sh−647$28,132→ 41,281 total - Tax Payment
Common Stock
2026-02-10$43.48/sh−840$36,523→ 40,441 total - Award
Common Stock
[F1]2026-02-10+16,560→ 57,001 total
Footnotes (1)
- [F1]Reflects restricted stock awarded that vests in 25% installments on the 10th day of February in each of the years 2027, 2028, 2029, and 2030.
Signature
/s/ Edward T. Highberger, Attorney-in-Fact for John David Raines|2026-02-12