JORDEN THOMAS E 4

What Happened Thomas E. Jorden, a director of Devon Energy Corporation (DVN), reported tax‑withholding dispositions related to vested restricted stock units (RSUs) and a separate gift transfer. On May 15, 2026, Devon withheld a total of 204,956 shares to satisfy tax obligations (four withholding entries: two of 52,806 shares at $49.49 each, and two of 49,672 shares at $49.49 each), with a combined reported value of $10,143,272. The filing also reports a gift transfer of 315,892 shares (reported as both disposed and acquired at $0.00).

Key Details

• Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (timely within the 2 business‑day window).
• Withheld shares: 2 × 52,806 shares @ $49.49 (each reported value $2,613,369) and 2 × 49,672 shares @ $49.49 (each reported value $2,458,267); total withheld = 204,956 shares, $10,143,272.
• Gift transfer: 315,892 shares reported as a gift (no cash consideration; $0.00).
• Shares owned after transaction: Not stated in the provided filing details.
• Footnote: The withholding followed acceleration and vesting of Devon RSUs after the closing of Devon’s merger with Coterra and the reporting person’s separation from Coterra. The F‑code withholding entries represent shares retained by Devon to cover tax obligations, not a market sale.

Context

• The withholding is a tax‑covering action (transaction code F) tied to RSU vesting; it is not an open‑market sale and does not by itself indicate insider sentiment.
• Gift transfers (code G) likewise do not necessarily reflect trading intent or market views; they are non‑sale transfers of shares.