Sherrer John Bennett 4

What Happened

John Bennett Sherrer, VP Accounting & Controller at Devon Energy (DVN), was granted 3,738 restricted shares (reported as an award) on February 10, 2026. On the same date 901 of those shares were withheld to satisfy tax withholding obligations in four separate withholdings (164, 137, 257 and 343 shares) at $43.48 per share, totaling $39,176. The award is recorded at $0 per share (typical for restricted stock grants).

Key Details

• Transaction dates: February 10, 2026; Form 4 filed February 12, 2026 (timely filing).
• Withheld shares (tax withholding / code F): 164 @ $43.48 = $7,131; 137 @ $43.48 = $5,957; 257 @ $43.48 = $11,174; 343 @ $43.48 = $14,914. Total withheld = 901 shares / $39,176.
• Award (code A): 3,738 restricted shares acquired at $0.00.
• Shares owned after transaction: not reported in the provided data.
• Footnote: These restricted shares vest in 25% installments on Feb 10 of each year 2027–2030 (Footnote F1).
• Transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (share withholding).

Context

This was an equity award with routine tax withholding — not an open-market sale or purchase. Restricted stock grants vest over multiple years, so the recipient does not immediately have full, unrestricted ownership of all shares. Withholding to cover taxes is common when restricted awards vest and does not by itself indicate insider sentiment about the company.