Alexander Andrea 4

What Happened
Alexander Andrea, Senior Vice President & Chief Administrative Officer of Devon Energy (DVN), was credited with four award transactions on May 7, 2026 totaling 156,529 Devon restricted stock units (RSUs). The four converted award amounts reported were 61,829; 47,350; 22,951; and 24,399 Devon RSUs. No cash price was paid (N/A) because these awards were conversions of Coterra awards under the merger rather than open-market purchases.

Key Details

• Transaction date: May 7, 2026; Form 4 filed May 11, 2026 (period of report: 2026-05-07). No late-filing indication in the provided data.
• Transaction code: A (award/grant/conversion). Price per share: N/A (conversion).
• Award breakdown: 61,829 RSUs; 47,350 RSUs; 22,951 RSUs; 24,399 RSUs — total 156,529 RSUs.
• Vesting: The 22,951 RSUs (from a Feb 24, 2026 award) vest on 1/31/2029; the 24,399 RSUs (from a Feb 19, 2025 award) vest on 1/31/2028. (Other converted awards relate to PSU awards deemed earned and converted.)
• Shares owned after transaction: Not disclosed in the supplied filing.
• Notable footnotes: These conversions occurred at the “Effective Time” of Devon’s merger with Coterra. Per the merger agreement, each Coterra share/award was converted into 0.7 Devon shares/RSUs (see footnotes). Some Coterra PSUs were certified as earned at 100% and converted into Devon RSUs.

Context
These were not open-market buys or sales but equity conversions tied to Devon’s acquisition of Coterra (merger conversion ratio 0.7). Some converted awards are time-based RSUs with future vesting dates (not immediately liquid); other converted awards came from performance stock units that were deemed earned and converted. Such merger-driven conversions reflect corporate action rather than a direct bullish or bearish trade by the insider.