WATTS MARCUS A 4

4 · DEVON ENERGY CORP/DE · Filed May 11, 2026

AI-generated summary of this filing

Updated May 11, 2026

Devon Energy (DVN) Director Marcus A. Watts Receives Award

What Happened

Marcus A. Watts, a director of Devon Energy (DVN), was credited with 55,734 shares (reported as an award/acquisition) on May 7, 2026. No per‑share price or dollar value is reported; the filing lists these as shares acquired via award/conversion, not an open‑market purchase or sale.
The filing states that 51,756 of those shares were restricted stock units that were converted from vested, deferred Coterra RSU awards in connection with the Devon–Coterra merger. The filing does not specify the source of the remaining shares in detail.

Key Details

Transaction date: May 7, 2026 (Effective Time of the merger conversions).
Amount reported: 55,734 shares (award/acquisition). Price per share: N/A; dollar value not provided in the Form 4.
Filing date / accession: Form 4 filed May 11, 2026 (filed within the normal 2-business‑day reporting window for a May 7 transaction).
Ownership after transaction: Not specified in the filing.
Notable footnotes:
- F1: Under the merger agreement, each Coterra share was converted into the right to receive 0.7 shares of Devon common stock (with certain exceptions).
- F2: The 55,734 total includes 51,756 Devon RSUs that were converted, on the same terms, from vested deferred Coterra RSU awards using the 0.7 exchange ratio.

Context

These were merger‑related award conversions (not purchases or sales). Converted RSUs typically remain subject to the original vesting/deferral terms; they do not necessarily represent newly purchased shares or immediate liquidity.
For retail investors: merger conversions and award grants are routine administrative outcomes of corporate transactions and do not, by themselves, signal insider buying or selling intent.

Form 4

Period: 2026-05-07

Director

Transactions

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 51,756 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

1 file