other material
confidence high
sentiment neutral
materiality 0.30
Devon raises CEO Gaspar's base salary to $1.5M, grants $2.7M restricted stock
DEVON ENERGY CORP/DE
- Base salary increased to $1,500,000 annualized, retroactive to May 7, 2026 (Coterra merger close).
- Restricted stock award valued at $2,700,000 under 2022 LTIP, vesting in 3 annual installments.
- Grant date is September 10, 2026; value based on closing price that day.
- Committee approved changes per benchmarking data and consultant recommendation.