Michael D. DeShazer - 07 May 2026 Form 4 Insider Report for DEVON ENERGY CORP/DE (DVN)

Reporting relationship: EVP, Exploration & Production
Issuer ticker: DVN
Reported as of: 07 May 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 11 May 2026, 19:33:55 UTC
Prior SEC filing: 26 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Edward T. Highberger, attorney-in-fact

Key filing fact

Michael D. DeShazer filed Form 4 for DEVON ENERGY CORP/DE (DVN) on 11 May 2026.

Key facts

This page summarizes Michael D. DeShazer's Form 4 filing for DEVON ENERGY CORP/DE (DVN).
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 11 May 2026, 19:33.

Change

Previous filing in this sequence was filed on 26 Feb 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001887203 Primary reporting owner

DeShazer Michael D.

Relationship: EVP, Exploration & Production
Address: THREE MEMORIAL CITY PLAZA, 840 GESSNER ROAD, SUITE 1400, HOUSTON
Signature: /s/ Edward T. Highberger, attorney-in-fact
Signature date: 11 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DVN transaction

Common Stock

Award

Transaction value
Shares: +63,779
Change %
Price
Shares after: 63,779
Date: 07 May 2026
Ownership: Direct
Footnotes: F1

DVN transaction

Common Stock

Award

Transaction value
Shares: +70,271
Change %: +110%
Price
Shares after: 134,050
Date: 07 May 2026
Ownership: Direct
Footnotes: F2

DVN transaction

Common Stock

Award

Transaction value
Shares: +36,722
Change %: +27%
Price
Shares after: 170,772
Date: 07 May 2026
Ownership: Direct
Footnotes: F3, F4

DVN transaction

Common Stock

Award

Transaction value
Shares: +33,549
Change %: +20%
Price
Shares after: 204,321
Date: 07 May 2026
Ownership: Direct
Footnotes: F3, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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. (the ''Merger Agreement''), as of the effective time of the transactions contemplated thereby (the "Effective Time"), Coterra became a wholly owned subsidiary of Devon. Pursuant to the Merger Agreement, at 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.

Footnote F2

Pursuant to the Merger Agreement, at the Effective Time, each time-based Coterra restricted stock unit ("Coterra RSU") outstanding and unvested as of immediately prior to the Effective Time was converted into 0.7 Devon time-based restricted stock units ("Devon RSUs"), with each Devon RSU representing a contingent right to receive a share of Devon Common Stock, subject to the same terms and conditions as were applicable to the corresponding Coterra RSU immediately prior to the Effective Time. The Coterra RSUs granted to the reporting person on February 24, 2026 were converted into 36,722 Devon RSUs, which will vest on January 31, 2029, and the Coterra RSUs granted to the reporting person on February 19, 2025 were converted into 33,549 Devon RSUs, which will vest on January 31, 2028.

Footnote F3

These Devon RSUs relate to an award of Coterra performance stock units (a "Coterra PSU Award") that, pursuant to the Merger Agreement, at the Effective Time, was deemed earned at 100% of the target level as a result of the certification by the Compensation Committee of Coterra's board of directors to the actual level of performance achieved under the terms of such Coterra PSU Award prior to the Effective Time and was converted, on the same terms and conditions (other than any continuing performance-based vesting conditions and cash settlement features), into an award of Devon RSUs covering a number of shares of Devon Common Stock equal to the product of (i) the target number of shares of Coterra Common Stock subject to such Coterra PSU Award as of immediately prior to the Effective Time, multiplied by (ii) 0.7.

Footnote F4

The Coterra PSU Award to which these Devon RSUs relate was granted to the reporting person on February 24, 2026 and, at the Effective Time, converted into 36,722 Devon RSUs, which will vest on January 31, 2029.

Footnote F5

The Coterra PSU Award to which these Devon RSUs relate was granted to the reporting person on February 19, 2025 and, at the Effective Time, converted into 33,549 Devon RSUs, which will vest on January 31, 2028.