Diversified Energy (DEC) legal chief granted 1,080 new RSUs

Rhea-AI Filing Summary

Diversified Energy Co reported that Sr EVP and Chief Legal Officer Benjamin Sullivan acquired 1,080 restricted stock units (RSUs) as a compensation-related award. These RSUs were credited as dividend equivalent rights tied to a cash dividend of $0.29 per share and convert into common stock on a one-for-one basis. The RSUs vest in three equal installments on March 19, 2027, 2028 and 2029, contingent on his continued employment. Following this grant, Sullivan directly holds 52,383 shares of common stock (including underlying RSUs) as reported.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SULLIVAN BENJAMIN

Role Sr EVP, Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,080	$0.00	--

Holdings After Transaction: Restricted Stock Units — 52,383 shares (Direct)

Footnotes (1)

1. Restricted stock units ("RSUs") convert into shares of the Issuer's common stock on a one-for-one basis. Represents additional RSUs that accrued as dividend equivalent rights in connection with the Issuer's dividend payment of $0.29 per share. These RSUs vest in three equal installments on each March 19, 2027, 2028 and 2029, subject to the Reporting Person's continued employment.

Key Figures

RSUs granted: 1,080 units Dividend per share: $0.29 per share Shares following transaction: 52,383 shares +2 more

5 metrics

RSUs granted 1,080 units Restricted stock units awarded on March 31, 2026

Dividend per share $0.29 per share Cash dividend that generated dividend-equivalent RSUs

Shares following transaction 52,383 shares Total common stock (including underlying RSUs) held after grant

RSU conversion ratio 1 RSU = 1 share RSUs convert into Diversified Energy common stock

Vesting dates March 19, 2027, 2028, 2029 Three equal vesting installments, subject to continued employment

Key Terms

Restricted Stock Units, dividend equivalent rights, vest, Form 4

4 terms

Restricted Stock Units financial

"Restricted stock units ("RSUs") convert into shares of the Issuer's common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

dividend equivalent rights financial

"additional 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

"These RSUs vest in three equal installments on each March 19, 2027, 2028 and 2029"

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

SULLIVAN BENJAMIN

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr EVP, Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	03/31/2026	03/31/2026	A		1,080(2)		(3)	(3)	Common Stock	1,080	$0	52,383	D

Explanation of Responses:

1. Restricted stock units ("RSUs") convert into shares of the Issuer's common stock on a one-for-one basis.

2. Represents additional RSUs that accrued as dividend equivalent rights in connection with the Issuer's dividend payment of $0.29 per share.

3. These RSUs vest in three equal installments on each March 19, 2027, 2028 and 2029, subject to the Reporting Person's continued employment.

Remarks:

	/s/ Benjamin Sullivan	04/02/2026
	** 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 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)

FAQ

What insider transaction did Diversified Energy (DEC) report for Benjamin Sullivan?

Benjamin Sullivan received a grant of 1,080 restricted stock units as a compensation-related acquisition. The RSUs convert into common stock on a one-for-one basis and were credited as dividend equivalent rights linked to a $0.29 per share dividend.

How were the 1,080 RSUs for Diversified Energy’s Benjamin Sullivan calculated?

The 1,080 RSUs represent additional units that accrued as dividend equivalent rights. They were granted in connection with Diversified Energy’s cash dividend payment of $0.29 per share, effectively reinvesting that dividend into additional stock-based compensation units.

When do Benjamin Sullivan’s 1,080 RSUs at Diversified Energy (DEC) vest?

The 1,080 RSUs vest in three equal installments on March 19, 2027, March 19, 2028, and March 19, 2029. Vesting is conditioned on Benjamin Sullivan’s continued employment with Diversified Energy through each of those vesting dates.

What does one-for-one RSU conversion mean for Diversified Energy shareholders?

One-for-one conversion means each restricted stock unit becomes one share of Diversified Energy common stock upon settlement. For Benjamin Sullivan’s award, 1,080 RSUs will ultimately deliver 1,080 common shares, subject to the vesting schedule and his continued employment.

How many Diversified Energy shares does Benjamin Sullivan hold after this RSU grant?

After receiving the 1,080 RSUs, Benjamin Sullivan is reported to directly hold 52,383 shares of Diversified Energy common stock, including the shares underlying his RSUs. This figure reflects his total direct position following the reported transaction.