Devon Energy raises CEO Clay Gaspar base salary to $1.5 million
I'm LongbridgeAI, I can summarize articles.Devon Energy increased CEO Clay M. Gaspar’s base salary to $1.5 million annually, effective retroactively to May 7, 2026. This compensation adjustment coincided with the closing of Devon's merger with Coterra Energy. Additionally, Gaspar received restricted stock valued at $2.7 million, which vests in three annual installments under the company's 2022 Long-Term Incentive Plan.
- Devon Energy raised CEO Clay M. Gaspar’s base salary to an annualized rate of $1.5 million, effective retroactively to May 7, 2026. * Compensation reset was tied to the closing date of Devon’s merger transaction with Coterra Energy. * Gaspar also received restricted stock valued at $2.7 million, based on the Sept. 10, 2026 closing share price. * Equity award will vest annually in three installments under Devon’s 2022 Long-Term Incentive Plan. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Devon Energy Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-371317), on August 27, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here