Diversified Energy (DEC) executive reports 192,131 shares and equity awards

Rhea-AI Filing Summary

Diversified Energy Co PLC’s President and CFO reports beneficial ownership of 192,131 shares of common stock held directly as of the reported date. This filing also lists several equity awards that provide additional exposure to the company’s stock.

The executive holds multiple grants of restricted stock units that each convert into common shares on a one-for-one basis, including awards granted in March 2023, March 2024, and April 2025, which vest between March 2026 and March 2028 and accumulate dividend equivalent units. The executive also holds stock options granted in 2018 and 2019, with exercise prices set in British pounds sterling and disclosed here in U.S. dollars for reference.

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

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1. Name and Address of Reporting Person^*

Gray Bradley G

(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 PLC [ DEC ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CFO

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	192,131	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	35,392	$0(2)	D
Restricted Stock Units	(3)	(3)	Common stock	104,560	$0(2)	D
Restricted Stock Units	(4)	(4)	Common stock	80,102	$0(2)	D
Stock Options (Right to Buy)(5)	04/14/2019	04/14/2028	Common stock	29,485	$22(6)	D
Stock Options (Right to Buy)(7)	05/09/2020	05/09/2029	Common stock	3,025	$31.44(8)	D

Explanation of Responses:

1. On March 21, 2023, the Reporting Person was granted 24,783 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 10,609 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 86,246 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 18,314 dividend equivalent units.

4. On April 10, 2025, the Reporting Person was granted 75,445 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 4,657 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.

7. This option was granted on May 9, 2019 and vested ratably over three years.

8. The exercise price for this option is denominated in British pounds sterling at a price of GBP 24.00 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	12/01/2025
	** 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

How many Diversified Energy (DEC) shares does the President and CFO currently own?

The President and CFO of Diversified Energy Co PLC directly owns 192,131 shares of the company’s common stock, as reported in this filing.

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

The executive holds several restricted stock unit awards granted on March 21, 2023, March 25, 2024, and April 10, 2025, each converting into common stock on a one-for-one basis and vesting between March 31, 2026 and March 31, 2028.

Do the DEC restricted stock units include dividend equivalent rights?

Yes. For each restricted stock unit grant, dividend equivalent rights accrue when and as dividends are paid on Diversified Energy’s common stock, increasing the reported number of derivative securities.

What stock options does the Diversified Energy (DEC) President and CFO hold?

The executive holds stock options granted on April 14, 2018 and May 9, 2019, which vested ratably over three years and are exercisable for common stock at exercise prices denominated in British pounds sterling.

How are the DEC stock option exercise prices presented in this report?

Exercise prices are set in British pounds sterling (GBP 16.80 and GBP 24.00 per share) and are also shown in U.S. dollars using a conversion rate of GBP 1.00 to USD 1.3098, though the actual payable amount remains in pounds.

What is the date of the event requiring this insider ownership report for DEC?

The date of the event requiring this statement is listed as 11/21/2025.