---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-371317"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2026-08-27T20:17:32+00:00"
generated_at: "2026-08-27T20:19:06.971468+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Devon raises CEO Gaspar's base salary to $1.5M, grants $2.7M restricted stock

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-371317
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2026-08-27T20:17:32+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312526371317/0001193125-26-371317-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312526371317/d153860d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-371317
- JSON: https://secwatch.observer/filing/0001193125-26-371317.json
- Plain text: https://secwatch.observer/filing/0001193125-26-371317.txt

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