SVP & General Counsel Vela sells 24,342 shares of DVN at $47.21, reducing stake to 130,540 shares.
Vela Adam M, the SVP & General Counsel of Devon Energy, sold 24,342 shares on 2026-05-14 at $47.21 per share for a total value of $1,149,185.82, reducing his holdings from 154,882 shares to 130,540 shares. The transaction occurred when DVN was trading at $47.21, which is currently 6.1% below the 52-week high of $52.71 and reflects a gain of 9.4% over the prior 30 days and 10.8% over 90 days. With a P/E of 13.56, market cap of $30,753,086,000.00, and recent fundamentals showing $3.8B in quarterly revenue and net income of $120,000,000.00, Devon Energy remains a large-cap energy company with steady growth at 7.8% annual revenue growth. The sale represents a modest reduction in an already substantial holding, occurring in the context of positive near-term price momentum.