Devon Energy President & CEO Clay M. Gaspar Purchases Shares on Open Market

Executive Summary

On September 14, 2026, Clay M. Gaspar, President and Chief Executive Officer and Director of Devon Energy Corp/DE ($DVN), executed an open-market purchase of 3,913 shares of common stock at a weighted average price of $51.08 per share (ranging from $51.07 to $51.09), totaling $199,876.04.

Additionally, on September 10, 2026, Mr. Gaspar was granted 53,979 restricted shares (Code A) that vest in three equal annual installments beginning September 10, 2027.

Transaction Breakdown

• Open-Market Purchase:
  • Date: September 14, 2026
  • Shares Bought: 3,913
  • Price per Share: $51.08
  • Total Transaction Value: $199,876.04
  • Transaction Code: P (Open-market purchase)
• Restricted Stock Grant:
  • Date: September 10, 2026
  • Shares Granted: 53,979 (vesting 2027–2029)
  • Price per Share: $0.00
  • Transaction Code: A (Award/Grant)

Ownership Structure

Following these reported transactions, Mr. Gaspar's beneficial ownership consists of:

• Direct Holdings: 619,152 shares
• Indirect Holdings (Trust for Reporting Person): 186,289 shares
• Indirect Holdings (Trust for Spouse): 194,175 shares
• Total Beneficial Ownership: 999,616 shares

Significance & Market Context

Open-market purchases by a sitting Chief Executive Officer demonstrate direct skin-in-the-game and confidence in the company's valuation and strategic trajectory, even though the purchase size (~$200k) is modest relative to his existing 999k+ share total equity position.