Diversified Energy (DEC) EVP receives RSUs, exercises awards and pays taxes
Rhea-AI Filing Summary
Diversified Energy Co EVP of Energy Marketing Ron Lee Ridgway reported a series of equity compensation events on March 16, 2026. He received several grants of restricted stock units (RSUs) and performance stock unit-related awards at no cash cost, reflecting routine compensation rather than open‑market buying.
On the same date he exercised 9,874 RSUs, which converted into 9,874 shares of common stock at a conversion price of $0.00 per share, consistent with RSU settlement. He also received an additional 5,471 shares of common stock as a grant or award. To cover tax obligations on these vestings and settlements, 4,845 shares of common stock were withheld at $14.61 per share, a tax‑withholding disposition rather than a market sale.
After these transactions, Ridgway directly held 21,660 shares of Diversified Energy common stock. The Form 4 also notes that RSUs convert into common stock on a one‑for‑one basis and that some awards vest on January 1, 2027 and January 1, 2028, subject to his continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 715 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 545 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 204 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 9,874 | $0.00 | $0.00 |
| Exercise | Common stock, par value $0.01 per share | 9,874 | $0.00 | $0.00 |
| Grant/Award | Common stock, par value $0.01 per share | 5,471 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock, par value $0.01 per share | 4,845 | $14.61 | $71K |
Footnotes (8)
- F1. Represents the settlement of restricted stock units ("RSUs").
- F2. Represents the settlement of performance stock units ("PSU"s) granted in 2023.
- F3. The transaction reported reflects the withholding of RSUs and PSUs in satisfaction of the Reporting Person's tax liability.
- F4. Restricted stock units ("RSUs") convert into shares of the Issuer's common stock on a one-for-one basis.
- F5. Represents additional RSUs that accrued as dividend equivalent rights in connection with the Issuer's dividend payment of $0.29 per share.
- F6. These RSUs vest on January 1, 2027, subject to the Reporting Person's continued employment.
- F7. These RSUs vest on January 1, 2028, subject to the Reporting Person's continued employment.
- F8. These RSUs vested on January 1, 2026.
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