Raines John David 4

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.