Form 4: Devon Energy EVP Dennis C. Cameron Reports Changes in Beneficial Ownership

Dennis C. Cameron, EVP and General Counsel of Devon Energy, reports changes in beneficial ownership of company stock due to tax withholding and a restricted stock award.

Summary

• On February 10, 2025, Dennis C. Cameron, EVP and General Counsel of Devon Energy, reported changes in his beneficial ownership of Devon Energy common stock.
• These changes include the disposal of shares to cover tax obligations and the acquisition of shares through a restricted stock award.
• Cameron disposed of 7,601, 3,353, 1,690, 1,736, and 2,715 shares of common stock at a price of $34.26 per share to satisfy tax withholding requirements.
• He also acquired 30,357 shares of common stock through a restricted stock award.
• Following these transactions, Cameron directly owns 286,482 shares of Devon Energy common stock.
• The restricted stock award vests in 25% installments annually on February 10th, starting in 2026 and ending in 2029.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects routine transactions related to executive compensation and tax obligations.

Positives

• The acquisition of 30,357 shares through a restricted stock award indicates confidence in the company's future performance.

Future Outlook

The vesting schedule of the restricted stock award suggests a multi-year commitment by the executive to the company's success.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates

Keywords

beneficial ownership, Form 4, Devon Energy, stock, restricted stock, Cameron, DVN, tax withholding