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Director at Diversified Energy (DEC) awarded 207 RSUs from dividend rights

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Thomas Martin Keith reported acquisition or exercise transactions in this Form 4 filing.

Director Thomas Martin Keith received a grant of 207 shares of Diversified Energy common stock on account of additional restricted stock units that accrued as dividend equivalent rights tied to a $0.29 per share dividend. After this award, he directly holds 125,159 shares, including 10,402 RSUs that are scheduled to vest on January 5, 2027, subject to his continued service.

Positive

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Negative

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Insider Thomas Martin Keith
Role null
Type Security Shares Price Value
Grant/Award Common stock, par value $0.01 per share 207 $0.00 --
Holdings After Transaction: Common stock, par value $0.01 per share — 125,159 shares (Direct, null)
Footnotes (1)
  1. Represents additional restricted stock units ("RSUs") that accrued as dividend equivalent rights in connection with the Issuer's dividend payment of $0.29 per share. RSUs convert into shares of the Issuer's common stock on a one-for-one basis. Includes 10,402 RSUs (inclusive of previously accrued dividend equivalent rights) that vest on January 5, 2027, subject to the Reporting Person's continued service.
RSUs granted 207 shares Dividend equivalent rights on $0.29 per share dividend
Dividend per share $0.29 per share Basis for additional RSUs accruing as dividend equivalents
Shares after transaction 125,159 shares Total common stock directly held after RSU grant
Unvested RSUs 10,402 RSUs RSUs vesting on January 5, 2027, subject to continued service
restricted stock units ("RSUs") financial
"Represents additional restricted stock units ("RSUs") that accrued as dividend equivalent rights"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
dividend equivalent rights financial
"RSUs that accrued as dividend equivalent rights in connection with the Issuer's dividend payment"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
vest financial
"Includes 10,402 RSUs ... that vest on January 5, 2027, subject to the Reporting Person's continued service"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continued service financial
"RSUs ... vest on January 5, 2027, subject to the Reporting Person's continued service"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Thomas Martin Keith
(Last)(First)(Middle)
C/O DIVERSIFIED ENERGY COMPANY
1600 CORPORATE DRIVE
(Street)
BIRMINGHAM ALABAMA 35242
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Diversified Energy Co [ DEC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common stock, par value $0.01 per share06/30/202606/30/2026A207(1)A$0125,159(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents additional restricted stock units ("RSUs") that accrued as dividend equivalent rights in connection with the Issuer's dividend payment of $0.29 per share. RSUs convert into shares of the Issuer's common stock on a one-for-one basis.
2. Includes 10,402 RSUs (inclusive of previously accrued dividend equivalent rights) that vest on January 5, 2027, subject to the Reporting Person's continued service.
Remarks:
/s/ Benjamin Sullivan, Attorney-in-Fact07/01/2026
** Signature of Reporting PersonDate
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 4 (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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Diversified Energy Co (DEC) disclose for Thomas Martin Keith?

Diversified Energy Co reported that director Thomas Martin Keith received 207 additional shares through restricted stock units accruing as dividend equivalent rights. These RSUs arose from the company’s $0.29 per share dividend and convert into common stock on a one-for-one basis.

How many shares did Thomas Martin Keith acquire in this Diversified Energy (DEC) Form 4?

Thomas Martin Keith acquired 207 shares of Diversified Energy common stock via a grant of dividend-equivalent restricted stock units. These units reflect additional compensation linked to the company’s $0.29 per share dividend, rather than an open-market stock purchase.

What are dividend equivalent rights mentioned in the Diversified Energy (DEC) filing?

Dividend equivalent rights give RSU holders additional units when the company pays cash dividends, mirroring what common shareholders receive. In this case, 207 RSUs accrued to Thomas Martin Keith in connection with Diversified Energy’s $0.29 per share dividend payment.

How many Diversified Energy (DEC) shares does Thomas Martin Keith hold after this transaction?

After the grant, Thomas Martin Keith directly holds 125,159 shares of Diversified Energy common stock. This total includes restricted stock units that convert into common shares on a one-for-one basis when they vest under the company’s equity compensation arrangements.

When do Thomas Martin Keith’s unvested RSUs at Diversified Energy (DEC) vest?

The filing states that 10,402 restricted stock units held by Thomas Martin Keith, inclusive of previously accrued dividend equivalent rights, are scheduled to vest on January 5, 2027. Vesting is conditioned on his continued service with Diversified Energy through that date.

Is the Diversified Energy (DEC) transaction an open-market stock purchase by the director?

No. The transaction is classified as a grant or award acquisition of restricted stock units, not an open-market stock purchase. The 207 new units accrued automatically as dividend equivalent rights tied to Diversified Energy’s $0.29 per share dividend payment.