v3.26.1
Share-Based Compensation - Summary of Unvested Restricted Stock Awards, Performance-Based Restricted Stock Awards and Performance Share Units (Details)
shares in Thousands
6 Months Ended
Jun. 30, 2026
$ / shares
shares
Restricted Stock Awards [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Unvested at December 31, 2025 | shares 4,653
Granted, awards and units | shares 9,201 [1]
Vested, awards and units | shares (3,690)
Forfeited, awards and units | shares (139)
Unvested at 6/30/26 | shares 10,025
Unvested weighted average grant-date fair value at December 31, 2025 | $ / shares $ 40.79
Granted, weighted average grant-date fair value | $ / shares 45.95 [1]
Vested, weighted average grant-date fair value | $ / shares 45.75
Forfeited, weighted average grant-date fair value | $ / shares 42.9
Unvested weighted average grant-date fair value at 6/30/26 | $ / shares $ 43.67
Performance Share Units [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Unvested at December 31, 2025 | shares 1,293
Granted, awards and units | shares 439 [1]
Vested, awards and units | shares (200)
Forfeited, awards and units | shares (117)
Unvested at 6/30/26 | shares 1,415 [2]
Unvested weighted average grant-date fair value at December 31, 2025 | $ / shares $ 58.82
Granted, weighted average grant-date fair value | $ / shares 61.73 [1]
Vested, weighted average grant-date fair value | $ / shares 81.7
Forfeited, weighted average grant-date fair value | $ / shares 81.7
Unvested weighted average grant-date fair value at 6/30/26 | $ / shares $ 54.59
[1] Pursuant to the terms of the Merger Agreement, certain of Coterra’s outstanding time-based and performance-based equity awards converted into the right to receive Devon restricted stock units based, in part, on the 0.70 exchange ratio. As a result, approximately 7.2 million awards relate to the conversion of Coterra equity awards to Devon restricted stock unit awards.
[2] A maximum of 2.8 million common shares could be awarded based upon Devon’s final TSR ranking.