DVN director granted 4,495 restricted shares, ownership rises to 7,095

Rhea-AI Filing Summary

Devon Energy director Brent J. Smolik received 4,495 restricted shares on 10/09/2025 as a non‑cash grant that vests 100% the day after the grant. The reported transaction shows a grant price of $0, increasing Mr. Smolik's beneficial ownership to 7,095 shares following the award. The filing is a Form 4 disclosure under Section 16, reporting an insider equity grant by a director; the grant's immediate one‑day vesting means the shares become fully owned very quickly and are now reflected in his direct holdings.

Positive

• 4,495 restricted shares granted, increasing alignment between director and shareholders
• Vests 100% the day after grant, meaning immediate conversion to owned shares
• Beneficial ownership rose to 7,095 shares, a clear disclosed change in holdings

Negative

• None.

Insights

Corporate Governance Analyst

Director received a rapidly‑vesting restricted stock grant, raising direct ownership.

The grant of 4,495 restricted shares that vests 100% the day after the grant increases the director's direct stake to 7,095 shares. Such awards are commonly used to align board members with shareholders by providing equity rather than cash.

This structure depends on the board's compensation policy and any trading blackout or holding rules that apply after vesting. Monitor subsequent Form 4 filings for any disposition activity within the near term.

Executive Compensation Specialist

A non‑cash award priced at $0 signals a restricted equity grant rather than purchase.

The zero price indicates restricted shares issued as compensation rather than bought on the open market. Immediate vesting (next day) effectively converts the award into outright shares quickly, impacting reported beneficial ownership totals.

Key dependencies include tax treatment for the recipient and any company policies on post‑vesting sales; expect filings within days if shares are later sold.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SMOLIK BRENT J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,495	$0.00	--

Holdings After Transaction: Common Stock — 7,095 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SMOLIK BRENT J

(Last) (First) (Middle)

333 W SHERIDAN AVE

(Street)

OKLAHOMA CITY OK 73102-5015

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DEVON ENERGY CORP/DE [ DVN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/09/2025		A		4,495(1)	A	$0	7,095	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock granted on October 9, 2025, to vest 100% on the day immediately following the grant date.

	Edward T. Highberger, Attorney-in-Fact for Brent J. Smolik	10/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Brent J. Smolik report on Form 4 for DVN?

He reported receiving 4,495 restricted shares on 10/09/2025, increasing his beneficial ownership to 7,095 shares.

At what price were the restricted shares granted to the DVN director?

The restricted shares were reported with a grant price of $0, indicating they were issued as compensation.

When do the restricted shares granted to the DVN director vest?

The award is disclosed to vest 100% on the day immediately following the grant date.

Does the Form 4 show any derivative transactions for Brent J. Smolik?

No. The filing lists only a non‑derivative equity grant of common stock and no derivative (options/warrants) transactions.

How much beneficial ownership does Brent J. Smolik hold after the transaction?

Following the reported transaction, his beneficial ownership is 7,095 shares of common stock.