Hernandez Jacinto J 4

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.