=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-05-15
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: DEVON ENERGY CORP/DE (DVN)
CIK: 0001090012
--- Reporting Owner ---
Name: JORDEN THOMAS E
CIK: 0001196789
Role: Director
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-05-15 | Code: F (Payment of exercise/tax)
Shares: -52,806 | Price: $49.49
Total Value: $2,613,368.94
Shares Owned After: 468,042 | Ownership: D (Direct)
Footnotes:
[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. ("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.
[Transaction #2]
Security: Common Stock
Date: 2026-05-15 | Code: F (Payment of exercise/tax)
Shares: -49,672 | Price: $49.49
Total Value: $2,458,267.28
Shares Owned After: 418,370 | Ownership: D (Direct)
Footnotes:
[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. ("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.
[Transaction #3]
Security: Common Stock
Date: 2026-05-15 | Code: F (Payment of exercise/tax)
Shares: -52,806 | Price: $49.49
Total Value: $2,613,368.94
Shares Owned After: 365,564 | Ownership: D (Direct)
Footnotes:
[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. ("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.
[Transaction #4]
Security: Common Stock
Date: 2026-05-15 | Code: F (Payment of exercise/tax)
Shares: -49,672 | Price: $49.49
Total Value: $2,458,267.28
Shares Owned After: 315,892 | Ownership: D (Direct)
Footnotes:
[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. ("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.
[Transaction #5]
Security: Common Stock
Date: 2026-05-15 | Code: G (Gift)
Shares: -315,892 | Price: $0.00
Shares Owned After: 0 | Ownership: D (Direct)
[Transaction #6]
Security: Common Stock
Date: 2026-05-15 | Code: G (Gift)
Shares: +315,892 | Price: $0.00
Shares Owned After: 2,408,753 | Ownership: I (Indirect) | Nature: By Trust
--- Footnotes (Complete Index) ---
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. ("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.
--- Signature ---
/s/ /s/ Edward T. Highberger, Attorney-in-Fact (2026-05-19)
