Form 4: Devon Energy EVP Clay M. Gaspar Reports Changes in Beneficial Ownership

Clay M. Gaspar, EVP and COO of Devon Energy, reports changes in beneficial ownership of company stock due to gift transactions.

Summary

• On September 12, 2024, Clay M. Gaspar, EVP and COO of Devon Energy, reported changes in his beneficial ownership of Devon Energy common stock.
• The changes involve gift transactions (Transaction Code 'G').
• Gaspar disposed of 186,289 shares of common stock via a gift.
• Gaspar acquired 186,289 shares of common stock via a gift to a trust for the reporting person.
• Following the reported transactions, Gaspar directly owns 407,094 shares of Devon Energy common stock.
• Gaspar indirectly owns 186,289 shares through his spouse, 186,289 shares through a trust for the reporting person, and 194,175 shares through a trust for his spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which is neutral in sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the gift transactions are unlikely to significantly affect the company's operations or financial performance.

Key Dates