Brock Amanda M 4
Research Summary
AI-generated summary
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.