Form 4: Devon Energy EVP and COO Clay M. Gaspar Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Clay M. Gaspar, EVP and COO of Devon Energy, reports acquisition and disposal of common stock, resulting in adjusted beneficial ownership.
Summary
- Clay M. Gaspar, the Executive Vice President and Chief Operating Officer of Devon Energy Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The report indicates that Mr. Gaspar acquired 32,746 shares of common stock at $0 price.
- Following the reported transactions, Mr. Gaspar directly owns 439,840 shares of Devon Energy common stock.
- He also indirectly owns 186,289 shares through a trust for the reporting person and 194,175 shares through a trust for his spouse.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 01/28/2025 | Date of the transaction involving Devon Energy common stock. |
| 01/29/2025 | Date of signature by Attorney-in-Fact for Clay M. Gaspar. |
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