Vela Adam M 4

What Happened Adam M. Vela, Senior Vice President & General Counsel of Devon Energy (DVN), sold 24,342 shares in an open-market transaction on May 14, 2026. The weighted-average price was $47.21 per share, producing gross proceeds of $1,149,186. The filing reports the sale under disposition code "S" (sale).

Key Details

• Transaction date: 2026-05-14 (reported on Form 4 filed 2026-05-15) — appears to be timely.
• Price: weighted average $47.21; sale prices ranged from $47.21 to $47.23 per share (footnote).
• Shares sold: 24,342; gross proceeds: $1,149,186 (~$1.15M).
• Shares owned after the transaction: not disclosed in the Form 4 filing.
• Notable footnote: weighted-average price reflects multiple trades; the reporting person offers to provide a breakdown of the number of shares sold at each price upon request.
• No indication in the filing of a 10b5-1 plan, option exercise, gift, or tax-withholding transaction related to this sale.

Context This was an open-market sale (disposition), which is commonly a routine liquidity transaction for insiders and does not, by itself, indicate the insider's view on the company's prospects. Purchases generally carry more interpretive weight for investors. The filing was submitted the day after the trade, consistent with Form 4 timing requirements.