Brock Amanda M 4
4 · DEVON ENERGY CORP/DE · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Devon (DVN) Director Amanda Brock Receives 55,734-Share Award
What Happened
Amanda M. Brock, a director of Devon Energy (DVN), was issued/received 55,734 shares of Devon common stock on May 7, 2026. No purchase price is reported because the shares were issued pursuant to the merger with Coterra—each Coterra share converted into 0.7 Devon shares. The filing indicates 34,541 of the shares represent restricted stock units that were converted from deferred, vested Coterra RSUs; the remainder (21,193 shares) appear to be other awards converted in the same transaction.
Key Details
- Transaction date: May 7, 2026 (Effective Time of Devon/Coterra merger).
- Transaction type/code: Award/Grant (A). No per-share price reported (N/A) — conversion in merger, not an open‑market trade.
- Amount: 55,734 shares received; includes 34,541 shares from converted deferred vested RSUs.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: Conversion occurred under the Feb 1, 2026 Agreement and Plan of Merger between Devon and Coterra; conversion ratio = 0.7 Devon shares per Coterra share.
- Filing timeliness: Form filed May 11, 2026, four days after the Effective Time (May 7); this is beyond the standard 2-business‑day Form 4 deadline, so the filing appears late.
Context
This was not an open-market purchase or sale but a merger-driven conversion of Coterra awards (including deferred RSUs) into Devon stock. Such conversion events are mechanical results of corporate transactions and do not by themselves indicate the insider’s view of the company.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-05-07+55,734→ 55,734 total
Footnotes (2)
- [F1]On May 7, 2026, pursuant to the Agreement and Plan of Merger entered into on February 1, 2026, by and among Devon Energy Corporation (''Devon''), Coterra Energy Inc. (''Coterra") and Cubs Merger Sub, Inc., as of the effective time of the transactions contemplated thereby (the "Effective Time"), each share of Coterra's common stock, par value $0.10 per share ("Coterra Common Stock") was converted into the right to receive 0.7 shares of Devon's common stock, par value $0.10 per share ("Devon Common Stock"), subject to certain exceptions.
- [F2]This amount includes 34,541 shares of Devon Common Stock subject to restricted stock unit awards that, as of the Effective Time, were converted, on the same terms and conditions, from the corresponding deferred awards of vested restricted stock units relating to Coterra Common Stock ("Coterra Deferred RSU Awards") held by the reporting person into restricted stock unit awards covering a total number of shares of Devon Common Stock equal to the product of (i) the total number of shares of Coterra Common Stock subject to such Coterra Deferred RSU Awards as of immediately prior to the Effective Time, multiplied by (ii) 0.7.