Energy Stock CEO Liquidates Nearly 4,000 Shares Valued at Almost $200,000
Gaspar's disposition followed vesting of 53,979 restricted stock units, leaving him with nearly 1 million shares worth $49.7 million.
Overview
Clay M. Gaspar, President and CEO of Devon Energy Corporation (NYSE:DVN), sold 3,913 shares of common stock on Sept. 14, 2026, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($51.08); post-transaction value based on Sept. 14, 2026, market close ($49.73).
Details
Devon Energy Corporation is a major independent energy producer with a market capitalization of $56.2 billion and TTM revenues of $19.7 billion, positioning it as a significant participant in the U.S. oil and gas exploration and production sector. The company's competitive advantage derives from its diversified asset portfolio, operational scale with over 2,200 employees, and established infrastructure for hydrocarbon extraction and commercialization. With a one-year share price appreciation of 43.03%, Devon Energy has demonstrated strong capital returns to shareholders, reflecting favorable commodity market dynamics and operational execution within the energy sector.
Source
Originally published at www.fool.com.