Filings made this week with the Securities and Exchange Commission reveal how executives at Oklahoma City’s Devon Energy unloaded hundreds of thousands of company shares in sales totaling more than $18 million.
The sales were made Feb. 10, 2022 and executives were paid $52.22 per share.
David Hager, Executive Chair sold 201,328 shares in five different sales on the same day. He also received 5,745 shares as a restricted stock award. Every one of the executives who filed the SEC reports received varying amounts of shares as a stock award.
Devon’s President and CEO Richard Muncrief reported the sale of 19,558 shares while he also acquired 67,025 shares in a stock award.
Executive Vice President and Chief Financial Officer Jeffrey Ritenour reported five separate sales totaling 63,849 shares.
Senior Vice President and Chief Accounting Officer Jeremy Humphers also revealed 5 separate sales involving 25,526 shares. Tana Cashion, Executive Vice President of Human Resources and Administration had 5 separate sales of 28,298 shares.
David Harris, Executive Vice President and Chief Corporate Development Officer disposed of 36,956 shares in 5 separate sales.
Clay Gaspar, Executive Vice President and Chief Operating Officer reported one sale of 8,494 shares.
Dennis Cameron, Executive Vice President and General Counsel reported one sale of 3,353 shares.
All sales were for $52.22 and the combined amount of shares sold on Feb. 10 was 361,836. At that rate, the executives sold $18,895,075.
