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Share-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Schedule Of Share-Based Compensation Expense Included In The Consolidated Statements Of Comprehensive Earnings | The vesting for certain share-based awards was accelerated in 2021 in conjunction with the reduction of workforce described in Note 5 and is included in restructuring and transaction costs in the accompanying consolidated statements of comprehensive earnings.
|  | Three Months Ended March 31, |
|  | 2022 |  |  | 2021 |
G&A |  | $ | 20 |  |  | $ | 20 |
Restructuring and transaction costs |  |  | — |  |  |  | 21 |
Total |  | $ | 20 |  |  | $ | 41 |
Related income tax benefit |  | $ | 17 |  |  | $ | — |
Summary Of Unvested Restricted Stock Awards, Performance-Based Restricted Stock Awards And Performance Share Units | Under its approved long-term incentive plan, Devon grants share-based awards to its employees. The following table presents a summary of Devon’s unvested restricted stock awards and units and performance share units granted under the plan.
|  | Restricted Stock Awards & Units |  |  | Performance Share Units |
|  | Awards/Units |  |  | Weighted Average Grant-Date Fair Value |  |  | Units |  |  | Weighted Average Grant-Date Fair Value |
|  | (Thousands, except fair value data) |
Unvested at 12/31/21 |  |  | 7,656 |  |  | $ | 22.15 |  |  |  | 2,076 |  |  | $ | 24.12 |
Granted |  |  | 1,249 |  |  | $ | 52.23 |  |  |  | 964 |  |  | $ | 44.05 |
Vested |  |  | (2,476 | ) |  | $ | 23.02 |  |  |  | (1,194 | ) |  | $ | 28.91 |
Forfeited |  |  | (8 | ) |  | $ | 29.42 |  |  |  | — |  |  | $ | — |
Unvested at 3/31/22 |  |  | 6,421 |  |  | $ | 27.66 |  |  |  | 1,846 |  | (1) | $ | 31.43 |
(1) A maximum of 3.7 million common shares could be awarded based upon Devon’s final TSR ranking.
Summary Of Performance Share Units Grant-Date Fair Values And Their Related Assumptions | The following table presents the assumptions related to the performance share units granted in 2022, as indicated in the previous summary table.
|  | 2022 |
Grant-date fair value |  | $ | 68.68 |
Risk-free interest rate |  |  | 1.81 | %
Volatility factor |  |  | 70.1 | %
Contractual term (years) |  |  | 2.89 |
Summary of Unrecognized Compensation Cost And Weighted Average Period For Recognition | The following table presents a summary of the unrecognized compensation cost and the related weighted average recognition period associated with unvested awards and units as of March 31, 2022.
|  | Restricted Stock |  |  | Performance |
|  | Awards/Units |  |  | Share Units |
Unrecognized compensation cost |  | $ | 122 |  |  | $ | 32 |
Weighted average period for recognition (years) |  |  | 3.0 |  |  |  | 2.1 |

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- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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