---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-347845"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2021-12-03T23:59:59+00:00"
generated_at: "2026-06-28T03:44:30.683036+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Devon Energy grants retroactive dividend equivalent rights on converted WPX RSUs, CEO to receive $1.46M

## Summary
- Board approved amendment to Converted RSUs (from WPX merger) granting dividend equivalent rights (DERs) retroactive to dividends declared since Jan 7, 2021 merger close.
- Holders of Converted RSUs, including former WPX directors/employees now at Devon, receive DERs upon vesting, aligning with Devon's other equity awards.
- CEO Richard Muncrief entitled to ~$1.46M cash DERs for 2021 dividends, plus future DERs during remaining vesting periods.
- Amendment aligns interests with Devon's 'fixed plus variable' dividend strategy and existing equity incentive practices.

## SEC filing metadata
- accession: 0001193125-21-347845
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2021-12-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312521347845/0001193125-21-347845-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312521347845/d225144d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-347845
- JSON: https://secwatch.observer/filing/0001193125-21-347845.json
- Plain text: https://secwatch.observer/filing/0001193125-21-347845.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.