Form 4: Devon Energy Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
John Bennett Sherrer, VP Accounting & Controller at Devon Energy Corp, disposed of 399 shares of common stock on April 10, 2024, to cover tax obligations.
Summary
- John Bennett Sherrer, VP Accounting & Controller at Devon Energy Corp, reported a transaction on April 10, 2024.
- He disposed of 399 shares of Devon Energy's common stock at a price of $54.51 per share.
- This transaction was to cover tax obligations related to an earlier grant or vesting of shares.
- Following the transaction, Sherrer directly owns 8,462 shares of Devon Energy common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction to cover tax obligations. It doesn't indicate any particular positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.
Key Dates
| Date | Description |
|---|---|
| 04/10/2024 | Date of transaction: John Bennett Sherrer disposed of 399 shares of Devon Energy common stock. |
| 04/11/2024 | Date of signature on the Form 4 filing. |
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