PHILLIPS D MARTIN 4
4 · DEVON ENERGY CORP/DE · Filed Jan 11, 2021
Insider Transaction Report
Form 4
PHILLIPS D MARTIN
Director
Transactions
- Award
Common Stock
2021-01-07+14,536→ 14,536 total
Footnotes (1)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger, dated as of September 26, 2020, by and among Devon Energy Corporation (''Devon''), East Merger Sub, Inc. and WPX Energy, Inc. (''WPX'') (the ''Merger Agreement''), on January 7, 2021 (the ''Closing Date''), WPX became a wholly owned subsidiary of Devon. Pursuant to the Merger Agreement, on the Closing Date, each restricted stock award under a WPX benefit plan (''WPX RSA'') was converted into 0.5165 shares of Devon Common Stock. The same terms and conditions applicable to WPX RSAs before the conversion will continue to apply. The WPX RSAs granted to the reporting person on May 21, 2020 were converted into 14,536 shares of Devon Common Stock, which will vest on May 21, 2021.