DVNDevon Energy
Deals with insiders in the proxy filed 2026-05-28
Deals between DVN and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-04-23.
Related Person Transactions“The brother of Blake Sirgo, our Executive Vice President, Operations, who was previously employed by Coterra, joined Devon following the Merger as Vice President, Asset Evaluation. His brother’s aggregate compensation from Coterra for the fiscal year ended December 31, 2025, including base salary, annual cash incentive, annual long-term incentive, and other benefits, was approximately $1.1 million. Mr. Sirgo’s brother’s compensation is determined in accordance with the Company’s standard human resources policies and procedures. Mr. Blake Sirgo will not be involved in the evaluation of his brother’s performance or decision-making associated with his compensation.”
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New wording of the review policy 1 paragraph without an amount or a name
Related Person Transactions“In early 2026, the Company performed its diligence for purposes of identifying potential related person transactions and provided its report to the Audit Committee. Based on the Committee’s review and discussion, the Committee did not identify any transactions that qualify as related person transactions and require disclosure. Following the Merger, the Board (i) refreshed diligence for purposes of independence determinations and related person transaction disclosures and (ii) the transaction described below is reported as part of the post-Merger review.”
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The whole section
4 paragraphs quoted as filed
Related Person Transactions“The Board has approved a written policy (the Policy) to assist Devon in the collection and review of information regarding potential related person transactions and conflicts of interest. All Directors and executive officers are required to identify business and financial affiliations involving themselves or their immediate family members that could reasonably be expected to give rise to a reportable related person transaction. Based on this information, Devon staff reviews Devon’s records and make follow-up inquiries as necessary to identify potentially reportable related person transactions. A report summarizing such transactions is provided to the Board’s Audit Committee.”
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Related Person Transactions“The Audit Committee reviews reports and makes recommendations to the Board as to whether an identified transaction is required to be publicly disclosed as a related person transaction. If the transaction at issue involves a member of the Committee, or a family member of a Committee member, then that member of the Committee would not participate in discussions. In the event the Committee concludes that a related person has a material interest in any Company transaction, the Committee then reviews the transaction to determine whether to approve or ratify it. Any transaction that meets the monetary threshold under the SEC rules and is determined to have a direct or indirect material benefit to a related person would be disclosed in accordance with SEC rules. The Policy provides that certain categories of transactions are not deemed to involve a material interest. Those categories align with, and in many cases are more conservative than, the standards under applicable SEC rules.”
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Related Person Transactions“In early 2026, the Company performed its diligence for purposes of identifying potential related person transactions and provided its report to the Audit Committee. Based on the Committee’s review and discussion, the Committee did not identify any transactions that qualify as related person transactions and require disclosure. Following the Merger, the Board (i) refreshed diligence for purposes of independence determinations and related person transaction disclosures and (ii) the transaction described below is reported as part of the post-Merger review.”
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Related Person Transactions“The brother of Blake Sirgo, our Executive Vice President, Operations, who was previously employed by Coterra, joined Devon following the Merger as Vice President, Asset Evaluation. His brother’s aggregate compensation from Coterra for the fiscal year ended December 31, 2025, including base salary, annual cash incentive, annual long-term incentive, and other benefits, was approximately $1.1 million. Mr. Sirgo’s brother’s compensation is determined in accordance with the Company’s standard human resources policies and procedures. Mr. Blake Sirgo will not be involved in the evaluation of his brother’s performance or decision-making associated with his compensation.”
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Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗