KINDICK KELT 4

What Happened
Kelt Kindick, a director of Devon Energy (DVN), received a grant/award reported as an acquisition (code A) of 5,567 deferred restricted stock units on 2026-06-30. The Form 4 lists an acquisition price of $0 (typical for RSU awards); the filing shows these RSUs vest 100% on the day immediately following the grant date per the footnote.

Key Details

• Transaction date: 2026-06-30; Price reported: $0.00; Shares/units: 5,567 (award/grant, code A).
• Footnote: These are deferred restricted stock units that vest 100% the day after the grant (see F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Reported 2026-07-02 for a 2026-06-30 grant — appears to be filed promptly (not marked late).

Context
RSUs are a form of compensation, not an open-market purchase or sale; an acquisition price of $0 on a Form 4 is common for restricted stock or RSU grants. Because these RSUs vest the next day, they are likely to convert to common shares at vesting (subject to any withholding), but the filing does not show any immediate sale. Director grants are routine corporate compensation and do not, by themselves, indicate the director is buying or selling the stock for investment reasons.