Devon Energy CEO Sells Nearly $200K Worth of Shares
Clay M. Gaspar, President and CEO of Devon Energy Corporation (NYSE:DVN), sold approximately 3,913 shares valued at around $199,876 on September 14, 2026, according to an SEC Form 4 filing. The transaction was offset by a recent restricted stock award that vested earlier in the month, slightly increasing his total equity exposure from 995,703 shares to 999,616 shares. The sale occurred as Devon Energy's share price closed at $49.73 on September 14, with a one-year return of 43%. The company reported trailing twelve-month revenue of $19.7 billion and net income of $3.3 billion, reflecting strong performance in the energy sector. While insider transactions can be complex due to stock awards and vesting schedules, investors are advised to focus on fundamentals rather than isolated sales.
Tickers: $DVN
Topics: ceo_sales energy sec_filing