XML 27 R12.htm IDEA: XBRL DOCUMENT
v3.25.1

Share-Based Compensation | 3 Months Ended
--- | ---
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Share-Based Compensation | 4. Share-Based Compensation The table below presents the share-based compensation expense included in Devon’s accompanying consolidated statements of comprehensive earnings.
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
G&A |  | $ | 24 |  |  | $ | 24 |
Restructuring and transaction costs |  |  | 6 |  |  |  | — |
Total |  | $ | 30 |  |  | $ | 24 |
Related income tax benefit |  | $ | 3 |  |  | $ | 9 |
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 12/31/24 |  |  | 4,107 |  |  | $ | 45.31 |  |  |  | 1,179 |  |  | $ | 67.38 |
Granted |  |  | 2,432 |  |  | $ | 34.26 |  |  |  | 510 |  |  | $ | 45.92 |
Vested |  |  | (1,192 | ) |  | $ | 46.88 |  |  |  | (272 | ) |  | $ | 68.68 |
Forfeited |  |  | (16 | ) |  | $ | 39.40 |  |  |  | (90 | ) |  | $ | 68.68 |
Unvested at 3/31/25 |  |  | 5,331 |  |  | $ | 39.93 |  |  |  | 1,327 |  | (1) | $ | 58.77 |
(1) A maximum of 2.7 million common shares could be awarded based upon Devon’s final TSR ranking. The following table presents the assumptions related to the performance share units granted in 2025, as indicated in the previous summary table.
|  | 2025 |
Grant-date fair value |  | $ | 45.92 |
Risk-free interest rate |  |  | 4.29 | %
Volatility factor |  |  | 38.70 | %
Contractual term (years) |  |  | 2.89 |
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, 2025.
|  | Restricted Stock |  |  | Performance |
|  | Awards/Units |  |  | Share Units |
Unrecognized compensation cost |  | $ | 159 |  |  | $ | 30 |
Weighted average period for recognition (years) |  |  | 3.0 |  |  |  | 2.3 |

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration