Richard E. Muncrief - Mar 1, 2024 Form 4 Insider Report for DEVON ENERGY CORP/DE (DVN)

Role
President and CEO, Director
Signature
/s/ Edward T. Highberger, Attorney-in-Fact for Richard E. Muncrief
Stock symbol
DVN
Transactions as of
Mar 1, 2024
Transactions value $
$612,565
Form type
4
Date filed
3/4/2024, 06:15 PM
Previous filing
Feb 14, 2024
Next filing
May 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DVN Common Stock Options Exercise $1.77M +42.6K +2.18% $41.53 2M Mar 1, 2024 Direct
transaction DVN Common Stock Tax liability -$1.82M -41K -2.05% $44.39 1.96M Mar 1, 2024 Direct
transaction DVN Common Stock Purchase $666K +15K +0.77% $44.42 1.97M Mar 4, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DVN Non-qualified Stock Option (Right to Buy) Options Exercise $0 -42.6K -100% $0.00* 0 Mar 1, 2024 Common Stock 42.6K $41.53 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $44.40 to $44.42. The reporting person undertakes to provide Devon Energy Corporation, any security holder of Devon Energy Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
F2 The stock options vested in one-third increments on March 3, 2015, 2016, and 2017.