Diversified Energy (DEC) awards 51,303 RSUs to chief legal officer

Rhea-AI Filing Summary

Diversified Energy Co reported that Sr EVP and Chief Legal Officer Benjamin Sullivan received a grant of 51,303 restricted stock units (RSUs) on March 19, 2026. These RSUs convert into common shares on a one-for-one basis and represent equity-based compensation rather than a market purchase.

The 51,303 RSUs vest in three equal installments on March 19, 2027, 2028 and 2029, aligning Sullivan’s long-term incentives with shareholders over several years. Following this grant, the filing shows Sullivan holding 51,303 RSUs directly.

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	51,303	$0.00	--

Holdings After Transaction: Restricted Stock Units — 51,303 shares (Direct)

Footnotes (1)

1. Restricted stock units ("RSUs") convert into shares of the Issuer's common stock on a one-for-one basis. On March 19, 2026, the Reporting Person was granted 51,303 RSUs. These RSUs vest in three equal installments on each March 19, 2027, 2028 and 2029.

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)
03/19/2026

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)	03/19/2026	03/19/2026	A		51,303		(2)	(2)	Common Stock	51,303	$0	51,303	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. On March 19, 2026, the Reporting Person was granted 51,303 RSUs. These RSUs vest in three equal installments on each March 19, 2027, 2028 and 2029.

Remarks:

	/s/ Benjamin Sullivan	03/23/2026
	** 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 Co (DEC) report for Benjamin Sullivan?

Diversified Energy Co reported a grant of 51,303 restricted stock units to Sr EVP and Chief Legal Officer Benjamin Sullivan on March 19, 2026. This is an equity compensation award, not an open-market share purchase or sale.

How many RSUs did DEC’s Benjamin Sullivan receive and when do they vest?

Benjamin Sullivan received 51,303 restricted stock units. According to the filing, these RSUs vest in three equal installments on March 19, 2027, March 19, 2028, and March 19, 2029, creating a multi-year incentive schedule tied to continued service.

Do Benjamin Sullivan’s RSUs at Diversified Energy Co convert into common stock?

Yes. The footnotes state that the restricted stock units convert into shares of Diversified Energy’s common stock on a one-for-one basis. Each vested RSU will therefore deliver one share of common stock, subject to the company’s standard terms.

Is the DEC Form 4 for Benjamin Sullivan a share purchase or a compensation award?

The Form 4 shows a grant of restricted stock units, described as a grant, award, or other acquisition, rather than an open-market purchase. The transaction price per unit is reported as $0.0000, consistent with equity compensation awards.

Does the Benjamin Sullivan Form 4 show any share sales for Diversified Energy Co (DEC)?

No share sales are reported. The transaction summary lists one acquisition and zero sales, reflecting only the grant of 51,303 RSUs. It is a single compensation-related award, with no disposals or tax-withholding entries disclosed.

What is Benjamin Sullivan’s reported RSU position in DEC after this grant?

Following the grant, the Form 4 shows 51,303 restricted stock units as the total derivative securities held. These RSUs are tied to Diversified Energy common stock and will vest in three equal tranches from 2027 through 2029, subject to the plan terms.