Short answer
Devon Energy (DVN) filed an 8-K current report with the SEC on August 27, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Clay Gaspar’s base salary increased to $1.5 million annually, retroactive to May 7, 2026.
Devon Energy 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Clay Gaspar’s base salary increased to $1.5 million annually, retroactive to May 7, 2026
- Restricted stock award valued at $2.7 million, vesting in three annual installments
- Compensation changes follow Devon’s Coterra merger closing and executive-pay benchmarking
- Award based on Devon’s September 10, 2026 closing share price
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Devon Energy 8-K filings
Get the next DVN 8-K as it lands
Follow DVN for push alerts, or ask the research agent what this filing means.