Diversified Energy Co (DEC) officer details RSUs and stock options

Rhea-AI Filing Summary

Diversified Energy Co’s Chief Accounting Officer filed an ownership report as of 11/21/2025. The filing shows beneficial ownership of 0 shares of common stock directly, but several equity awards in derivative form.

The officer holds restricted stock units tied to 7,745, 19,644, and 16,244 shares of common stock, which generally vest between March 31, 2026 and March 31, 2028. These grants accrue dividend equivalent rights so additional units are added when dividends are paid. The officer also holds a stock option covering 8,041 shares of common stock, exercisable until 04/14/2028 at an exercise price reported as $22 per share, originally set at GBP 16.80 and converted using a stated exchange rate.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Garrett Michael Walton

(Last) (First) (Middle)

C/O DIVERSIFIED ENERGY COMPANY

1600 CORPORATE DRIVE

(Street)

BIRMINGHAM AL 35242

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/21/2025

3. Issuer Name and Ticker or Trading Symbol
Diversified Energy Co [ DEC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common stock, par value $0.01 per share	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	(1)	Common stock	7,745	$0(2)	D
Restricted Stock Units	(3)	(3)	Common stock	19,644	$0(2)	D
Restricted Stock Units	(4)	(4)	Common stock	16,244	$0(2)	D
Stock Options (Right to Buy)(5)	04/14/2019	04/14/2028	Common stock	8,041	$22(6)	D

Explanation of Responses:

1. On March 21, 2023, the Reporting Person was granted 5,425 restricted stock units vesting on March 31, 2026. Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid on the Issuer's common stock. The number of derivative securities in column 3 includes 2,320 dividend equivalent units.

2. Restricted stock units convert into shares of common stock on a one-for-one basis.

3. On March 25, 2024, the Reporting Person was granted 16,204 restricted stock units vesting on March 31, 2027. Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid on the Issuer's common stock. The number of derivative securities in column 3 includes 3,440 dividend equivalent units.

4. On April 10, 2025, the Reporting Person was granted 15,300 restricted stock units vesting on March 31, 2028, subject to the Reporting Person's continued employment. Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid on the Issuer's common stock. The number of derivative securities in column 3 includes 944 dividend equivalent units.

5. This option was granted on April 14, 2018 and vested ratably over three years.

6. The exercise price for this option is denominated in British pounds sterling at a price of GBP 16.80 per share. The exercise price reported herein was converted from British pounds sterling to United States dollars at a conversion rate of GBP 1.00 to USD 1.3098. The exercise price is the actual British pounds sterling amount regardless of the exchange rate on the date of exercise.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Benjamin Sullivan, Attorney-in-Fact	12/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does this insider filing for Diversified Energy Co (DEC) report?

It reports the Chief Accounting Officer’s beneficial ownership as of 11/21/2025, showing 0 directly owned common shares and several equity awards in restricted stock units and stock options.

How many Diversified Energy Co (DEC) common shares does the officer own directly?

The filing lists beneficial ownership of 0 shares of common stock in the non-derivative section, meaning no directly held common shares are reported.

What restricted stock units does the Diversified Energy Co (DEC) officer hold?

The officer holds restricted stock units tied to 7,745, 19,644, and 16,244 shares of DEC common stock, vesting between March 31, 2026 and March 31, 2028 and accruing dividend equivalent rights.

What stock options are disclosed for the Diversified Energy Co (DEC) officer?

A stock option granted on 04/14/2018 is disclosed, covering 8,041 shares of common stock, vesting ratably over three years and expiring on 04/14/2028 with an exercise price reported as $22 per share.

How is the exercise price of the Diversified Energy Co (DEC) option determined?

The exercise price is denominated in British pounds sterling at GBP 16.80 per share and reported as $22 using a conversion rate of GBP 1.00 to USD 1.3098, though the actual obligation remains in pounds.

Do the restricted stock units for Diversified Energy Co (DEC) include dividend equivalents?

Yes. The filing states that dividend equivalent rights accrue on the restricted stock units when dividends are paid on common stock, increasing the number of units tied to each grant.