filings.toolsItem 1A. Risk Factors
2K characters. Original on sec.gov · Markdown
Item 1A. Risk Factors
There have been no material changes to the information included in Item 1A. “Risk Factors” in our 2024 Annual Report on Form 10-K.
Item 2. Unregistered Sales of Equi****ty Securities and Use of Proceeds
The following table provides information regarding purchases of our common stock that were made by us during the third quarter of 2025 (shares in thousands).
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2) | ||||||||||||
| July 1 - July 31 | 2,082 | $ | 33.27 | 2,073 | $ | 1,038 | ||||||||||
| August 1 - August 31 | 3,084 | $ | 33.84 | 3,052 | $ | 935 | ||||||||||
| September 1 - September 30 | 2,204 | $ | 35.11 | 2,199 | $ | 857 | ||||||||||
| Total | 7,370 | $ | 34.06 | 7,324 |
(1)
In addition to shares purchased under the share repurchase program described below, these amounts include 46 thousand shares received by us from employees for the payment of personal income tax withholdings on vesting transactions.
(2)
On November 2, 2021, we announced a $1.0 billion share repurchase program that would expire on December 31, 2022. Through subsequent approvals, including most recently in July 2024, Devon's Board of Directors expanded the share repurchase program authorization to $5.0 billion, with a June 30, 2026 expiration date. In the third quarter of 2025, we repurchased 7.3 million common shares for $250 million, or $34.06 per share, under this share repurchase program. For additional information, see Note 16 in “Part I. Financial Information – Item 1. Financial Statements” in this report.
Item 3. Defaults Upo****n Senior Securities
Not applicable.
Item 4. Mine Saf****ety Disclosures
Not applicable.
Previous: Item 4. Controls and Procedures · Next: Item 5. Other Information