JORDEN THOMAS E sold DVN
May 15, 2026 · Form 4 insider transaction
JORDEN THOMAS E sold 49,672 shares of Devon Energy Corporation at $49.49 per share, a transaction worth $2.46M. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
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. ("Merger Sub"), Coterra merged with and into Merger Sub, with Coterra surviving as a wholly owned subsidiary of Devon (the "Merger"). In connection with the closing of the Merger, the reporting person's employment with Coterra terminated and certain Devon restricted stock units accelerated and vested pursuant to a separation agreement between the reporting person and Coterra. The vesting of such restricted stock units was effective on May 15, 2026, following the expiration of the revocation period under such separation agreement. The reported disposition represents shares of Devon common stock withheld by Devon to satisfy the reporting person's tax obligations related to the vesting of the applicable restricted stock units, not a sale transaction by the reporting person.