Hernandez Jacinto J 4

What Happened

• Jacinto J. Hernandez, a director of Devon Energy Corp. (DVN), was granted 5,567 deferred restricted stock units (RSUs) on June 30, 2026. The Form 4 reports the acquisition price as $0 for these units. According to the filing footnote, the RSUs vest 100% on the day immediately following the grant date (i.e., they become eligible to convert to shares quickly).

Key Details

• Transaction date: 2026-06-30 (Filed 2026-07-02; appears to be a timely Form 4 filing).
• Transaction type/code: Award/Grant (A).
• Shares/units acquired: 5,567 deferred restricted stock units at $0 reported price.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote: F1 — These are deferred RSUs granted to vest 100% the day immediately following the grant date.
• No sale or open-market purchase was reported; this is a compensation award.

Context

• RSU awards are a form of compensation for directors and typically convert to actual shares upon vesting; they are not the same as an outright purchase (which can be a stronger bullish signal). Because these RSUs vest the day after grant, the award is effectively a short-delay compensation grant rather than a long-term deferral. This filing is informational and does not itself indicate why the award was granted.