Diversified Energy CAO granted new RSU awards

Garrett Michael Walton reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Garrett Michael Walton reported acquisition or exercise transactions in this Form 4 filing.

Diversified Energy Co’s Chief Accounting Officer, Garrett Michael Walton, received three awards of restricted stock units on June 30, 2026. The grants cover 337, 408, and 270 RSUs, each convertible into an equal number of common shares on a one-for-one basis.

Some of these RSUs represent additional units that accrued as dividend equivalent rights tied to the company’s $0.29 per share dividend. The awards vest over time, with installments scheduled on March 19, 2027, 2028 and 2029 and separate tranches vesting on January 1, 2027 and January 1, 2028, all subject to Walton’s continued employment.

Insider Trade Summary

Grant/Award: 1,015 shares

Grant/Award 3 txns

Insider Garrett Michael Walton

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	270	$0.00	$0.00
Grant/Award	Restricted Stock Units	408	$0.00	$0.00
Grant/Award	Restricted Stock Units	337	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 51,852 contracts (Direct)

Footnotes (5)

1. F1. Restricted stock units ("RSUs") convert into shares of the Issuer's common stock on a one-for-one basis.
2. F2. Represents additional RSUs that accrued as dividend equivalent rights in connection with the Issuer's dividend payment of $0.29 per share.
3. F3. These RSUs vest in three equal installments on each March 19, 2027, 2028 and 2029, subject to the Reporting Person's continued employment.
4. F4. These RSUs vest on January 1, 2027, subject to the Reporting Person's continued employment.
5. F5. These RSUs vest on January 1, 2028, subject to the Reporting Person's continued employment.

Key Figures

RSU grant 1: 337 RSUs RSU grant 2: 408 RSUs RSU grant 3: 270 RSUs +2 more

5 metrics

RSU grant 1 337 RSUs Restricted stock units granted on June 30, 2026

RSU grant 2 408 RSUs Restricted stock units granted on June 30, 2026

RSU grant 3 270 RSUs Restricted stock units granted on June 30, 2026

Dividend amount $0.29 per share Dividend generating dividend-equivalent RSUs

Vesting installments 3 installments RSUs vest on March 19, 2027, 2028 and 2029

Key Terms

Restricted stock units ("RSUs"), dividend equivalent rights, continued employment, vest

4 terms

Restricted stock units ("RSUs") financial

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

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

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

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.

continued employment financial

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

Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.

vest financial

"These RSUs vest on January 1, 2027, subject to the Reporting Person's continued employment."

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did DEC report for Garrett Michael Walton?

Diversified Energy Co reported that Chief Accounting Officer Garrett Michael Walton received three restricted stock unit (RSU) awards on June 30, 2026. These RSUs are compensation-related equity grants, not open-market share purchases or sales, and convert into common stock on a one-for-one basis.

How many RSUs did DEC’s CAO receive in the latest Form 4 filing?

Garrett Michael Walton received three RSU grants of 337, 408, and 270 units. Each restricted stock unit represents the right to receive one share of Diversified Energy’s common stock upon vesting, providing additional equity-based compensation over time.

What is the link between DEC’s $0.29 dividend and these RSUs?

Part of the RSU awards represents additional units accrued as dividend equivalent rights tied to Diversified Energy’s $0.29 per share dividend. Instead of receiving cash, the officer received extra RSUs that mirror the dividend on underlying common shares.

When do the new DEC RSU awards to the CAO vest?

The RSUs vest over several future dates, including in three equal installments on March 19, 2027, 2028 and 2029. Additional tranches vest on January 1, 2027 and January 1, 2028, all conditioned on Garrett Michael Walton’s continued employment with the company.

Do these DEC RSU grants involve any open-market buying or selling?

No, the Form 4 shows grant/award acquisitions of restricted stock units rather than open-market transactions. The RSUs are equity compensation granted at $0.00 per unit and convert to common stock upon vesting, without indicating any market purchases or sales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/01/2026 - 06:15 PM Learn about SEC filing dates

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^*

Garrett Michael Walton

(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)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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)	06/30/2026	06/30/2026	A		270(2)		(3)	(3)	Common Stock	270	$0	13,752	D
Restricted Stock Units	$0(1)	06/30/2026	06/30/2026	A		408(2)		(4)	(4)	Common Stock	408	$0	20,855	D
Restricted Stock Units	$0(1)	06/30/2026	06/30/2026	A		337(2)		(5)	(5)	Common Stock	337	$0	17,245	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.

4. These RSUs vest on January 1, 2027, subject to the Reporting Person's continued employment.

5. These RSUs vest on January 1, 2028, subject to the Reporting Person's continued employment.

Remarks:

	/s/ Benjamin Sullivan, Attorney-in-Fact	07/01/2026
	** 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)