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 changes in beneficial ownership of common stock due to a gift transaction.
Summary
- On March 12, 2024, Clay M. Gaspar, the EVP and COO of Devon Energy, reported changes in his beneficial ownership of Devon Energy common stock.
- The reported transaction involves a gift of 186,289 shares of common stock.
- Following the transaction, Gaspar directly owns 407,094 shares and indirectly owns 186,289 shares through his spouse and 194,175 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral report of a transaction. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency regarding their stock ownership.
Stakeholder Impact
- The transaction itself is unlikely to have a significant impact on stakeholders, as it is a personal transaction of an executive.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of transaction (gift of common stock) |
| 03/13/2024 | Date of signature on the Form 4 filing |
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