JORDEN THOMAS E 4

What Happened

• Thomas E. Jorden, a director of Devon Energy Corporation (DVN), was granted 7,684 restricted shares on June 30, 2026 (reported as an acquisition at $0.00). The award vested 100% the next day. The Form 4 also reports two gift transactions on July 1, 2026: one disposing 7,684 shares and one acquiring 7,684 shares, both at $0.00. All reported transactions show no cash changing hands.

Key Details

• Transaction dates and prices:
  • 2026-06-30: Restricted stock grant — 7,684 shares acquired at $0.00 (Footnote F1: vests 100% the following day).
  • 2026-07-01: Gift disposition — 7,684 shares disposed at $0.00.
  • 2026-07-01: Gift acquisition — 7,684 shares acquired at $0.00.
• Shares owned after the transactions: The filing notes an adjustment to beneficial ownership (Footnote F2) tied to a rounding correction after the May 7, 2026 merger; the Form 4 does not list a different explicit post-transaction total in this summary.
• Footnotes:
  • F1: Restricted stock granted June 30, 2026, vests 100% the day after grant.
  • F2: Beneficial ownership was adjusted from a prior Form 4 to correct a rounding difference related to the Coterra–Devon merger effective May 7, 2026.
• Filing timeliness: Report filed July 2, 2026 (no late-filing flag indicated).

Context

• Restricted stock grants are a form of compensation and not a market purchase; the immediate vesting followed by gift transfers suggests internal allocation/transfer rather than a market trade. Gifts do not necessarily signal the insider’s view of the stock. The net economic effect and any change in ongoing beneficial ownership are governed by the reported transfers and the ownership adjustment noted in Footnote F2.