Diversified Energy (DEC) EVP awarded 32,446 RSUs vesting through 2029

Rhea-AI Filing Summary

Diversified Energy Co executive Ridgway Ron Lee received a grant of 32,446 restricted stock units (RSUs). These RSUs were awarded on March 19, 2026 as part of his compensation in his role as EVP – Energy Marketing and carry no purchase price.

The RSUs convert into shares of Diversified Energy’s common stock on a one-for-one basis. They vest in three equal installments on March 19 of 2027, 2028, and 2029, so the value to the executive depends on both the company’s share price and his continued service over this period.

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

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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^*

Ridgway Ron Lee

(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)
	EVP - Energy Marketing

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		32,446		(2)	(2)	Common Stock	32,446	$0	32,446	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 32,446 RSUs. These RSUs vest in three equal installments on each March 19, 2027, 2028 and 2029.

Remarks:

	/s/ Benjamin Sullivan, Attorney-in-Fact	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 did Diversified Energy Co (DEC) report in this Form 4 for Ridgway Ron Lee?

Diversified Energy Co reported that EVP – Energy Marketing Ridgway Ron Lee received a grant of 32,446 restricted stock units. These RSUs are a stock-based compensation award and will convert into common shares over time as they vest according to the disclosed schedule.

How many RSUs were granted to Diversified Energy Co EVP Ridgway Ron Lee?

Ridgway Ron Lee was granted 32,446 restricted stock units. Each RSU represents the right to receive one share of Diversified Energy’s common stock, subject to vesting conditions over several years, making this a non-cash, equity-based part of his total compensation package.

When do the 32,446 RSUs for DEC executive Ridgway Ron Lee vest?

The 32,446 RSUs vest in three equal installments on March 19, 2027, March 19, 2028, and March 19, 2029. This staggered vesting structure encourages long-term alignment between the executive’s interests and Diversified Energy Co’s performance over several years.

What is the conversion ratio of RSUs to common stock at Diversified Energy Co?

Each restricted stock unit converts into one share of Diversified Energy Co common stock. This one-for-one conversion applies once vesting conditions are satisfied, so the economic value ultimately depends on the company’s share price when the RSUs settle into shares.

Did Ridgway Ron Lee buy or sell Diversified Energy Co shares in this Form 4?

The Form 4 shows an acquisition through a grant of 32,446 RSUs, not an open-market buy or sale. This award is categorized as a “grant, award, or other acquisition” and reflects equity compensation rather than a discretionary stock purchase or sale.

What ownership does Ridgway Ron Lee report after this RSU grant from DEC?

After the grant, Ridgway Ron Lee reports 32,446 derivative securities in the form of RSUs. These units are held directly and represent future rights to common shares, subject to the specified vesting schedule and continued employment or other applicable service conditions.