Ritenour Jeffrey L 4

What Happened

• Jeffrey L. Ritenour, Chief Financial Officer of Devon Energy (DVN), received an award of 34,959 restricted shares (code A) on Feb 10, 2026. To satisfy tax obligations related to equity compensation, 23,373 shares were withheld (five withholding transactions, code F) at $43.48 per share, totaling $1,016,259.
• The withholding transactions are dispositions to cover taxes, not open-market sales. Net from the event, Ritenour acquired 11,586 net shares (34,959 awarded minus 23,373 withheld).

Key Details

• Transaction date: Feb 10, 2026; Form 4 filed Feb 12, 2026 (timely).
• Withheld shares breakdown: 9,391; 4,864; 3,945; 2,485; 2,688 — each at $43.48, totaling $1,016,259.
• Award: 34,959 restricted shares granted at $0.00 (acquisition code A).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: F1 states the restricted stock award vests in 25% installments on Feb 10 of each year 2027, 2028, 2029 and 2030.
• Transaction codes: A = award/grant; F = payment of exercise price or tax liability (share withholding).

Context

• This filing reflects an equity award plus standard tax-withholding; withholding to cover taxes is routine and does not indicate an open-market sale or directional bet by the insider.
• For retail investors: awards (A) increase insider exposure, while F-coded withholdings simply satisfy tax obligations and are common when restricted stock vests.