Devon Energy CEO Clay Gaspar Buys 3,913 Shares; Receives Award

What Happened

• Clay M. Gaspar, President and CEO of Devon Energy (DVN), made two insider transactions disclosed on the Form 4. On 2026-09-10 he was granted 53,979 restricted shares (reported as an award, $0 acquisition price in the filing). On 2026-09-14 he made an open-market purchase of 3,913 common shares at a weighted average price of $51.08, costing $199,876.
• The grant is restricted stock that vests in three equal annual installments on September 10 of 2027, 2028 and 2029 (Footnote F1). The purchase was executed across multiple trades at prices ranging $51.07–$51.09 (Footnote F2).

Key Details

• Transaction types: A = Award/Grant (53,979 shares on 2026-09-10); P = Open-market purchase (3,913 shares on 2026-09-14).
• Purchase price: weighted average $51.08; total cash paid approximately $199,876. Per F2, individual trades ranged $51.07–$51.09.
• Award terms: restricted stock vests in three equal installments on 9/10/2027, 9/10/2028 and 9/10/2029 (F1). Award reported with $0 acquisition amount in the filing.
• Shares owned after transaction: not provided in the details you supplied (see the Form 4 for post-transaction holdings).
• Filing date: Form 4 filed 2026-09-14 reporting transactions dated 2026-09-10 and 2026-09-14; filing does not indicate a late report.

Context

• The open-market purchase (P) is a direct buy of shares — a straightforward insider purchase (often considered a more informative signal than routine grants).
• The award (A) is restricted stock subject to multi-year vesting and does not by itself represent a cash outlay by the insider at grant; vesting schedule controls when shares become transferable.