WATTS MARCUS A 4

What Happened
Marcus A. Watts, a director of Devon Energy (DVN), was granted 5,567 deferred restricted stock units (RSUs) on June 30, 2026. The Form 4 reports an acquisition code "A" at $0.00 per unit (total reported value $0), reflecting that these are awarded units rather than an open‑market purchase.

Key Details

• Transaction date: 2026-06-30 (reported on Form 4 filed 2026-07-02) — no late filing flagged.
• Security: Deferred restricted stock units (RSUs), 5,567 units. Price reported: $0.00 per unit.
• Shares owned after transaction: Not specified in this filing.
• Footnote: These are deferred RSUs that vest 100% on the day immediately following the grant date (per footnote F1).
• Transaction code: A = Award/Grant.

Context
This was an award of RSUs as part of compensation/governance arrangements, not a purchase or sale. The grant itself does not indicate an immediate cash investment or divestment; the economic value will be tied to the company stock price when the units vest and convert to shares (per the footnote, vesting occurs the day after grant). Awards to directors are common and typically reflect compensation or retention, not direct trading sentiment.