Hernandez Jacinto J 4
4 · DEVON ENERGY CORP/DE · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Devon Energy (DVN) Director Jacinto Hernandez Receives 6,801 Shares
What Happened
Jacinto J. Hernandez, a director of Devon Energy (DVN), received 6,801 shares of Devon common stock on May 7, 2026. The shares were issued as an award/acquisition in connection with the merger with Coterra; no purchase price or total dollar value is reported (listed as N/A).
Key Details
- Transaction date: May 7, 2026; Form 4 filed May 11, 2026 (filed on the second business day after the transaction).
- Transaction type/code: A (Grant, award or other acquisition).
- Shares acquired: 6,801 Devon shares; acquisition price: N/A (no cash consideration reported).
- Footnote highlights: per the merger agreement, each Coterra share converted into 0.7 Devon shares. The filing states 6,505 of the 6,801 shares were converted from Coterra deferred RSU awards.
- Shares owned after transaction: not specified in the information provided.
- Timeliness: Filing appears timely (transaction 5/7, Form 4 filed 5/11).
Context
This was a conversion/award tied to the merger between Devon and Coterra, not an open‑market purchase or sale. Merger conversions and RSU conversions reflect corporate actions and award settlements rather than a director's discretionary buy/sell decision; they do not by themselves indicate insider sentiment.
Insider Transaction Report
Form 4
Hernandez Jacinto J
Director
Transactions
- Award
Common Stock
[F1][F2]2026-05-07+6,801→ 6,801 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 6,505 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.
Signature
/s/ Edward T. Highberger, attorney-in-fact|2026-05-11