Diversified Energy (DEC) CAO gets stock awards and uses shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Diversified Energy Co Chief Accounting Officer Garrett Michael Walton reported several equity compensation transactions. On March 16, 2026, he received awards of restricted stock units (RSUs) covering 166, 422, and 349 shares of common stock, along with common stock awards of 4,465 shares at no cash cost.
He also settled 8,061 RSUs into 8,061 shares of common stock and had 4,082 shares withheld at $14.61 per share to satisfy tax liabilities tied to RSU and performance stock unit vesting. After these transactions, he directly held 8,444 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,061 shares exercised/converted
Mixed
7 txns
Insider
Garrett Michael Walton
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 166 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 422 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 349 | $0.00 | -- |
| Exercise | Restricted Stock Units | 8,061 | $0.00 | -- |
| Exercise | Common stock, par value $0.01 per share | 8,061 | $0.00 | -- |
| Grant/Award | Common stock, par value $0.01 per share | 4,465 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.01 per share | 4,082 | $14.61 | $60K |
Holdings After Transaction:
Restricted Stock Units — 8,061 shares (Direct);
Common stock, par value $0.01 per share — 8,061 shares (Direct)
Footnotes (1)
- Represents the settlement of restricted stock units ("RSUs"). Represents the settlement of performance stock units ("PSUs") granted in 2023. The transaction reported reflects the withholding of RSUs and PSUs in satisfaction of the Reporting Person's tax liability. 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 vested on January 1, 2026. These RSUs vest on January 1, 2027, subject to the Reporting Person's continued employment. These RSUs vest on January 1, 2028, subject to the Reporting Person's continued employment.
FAQ
What did DEC Chief Accounting Officer Garrett Michael Walton report on this Form 4?
He reported multiple equity compensation events, including new RSU grants, conversion of 8,061 RSUs into common shares, a 4,465-share common stock award, and tax-related share withholding, all dated March 16, 2026.
How many Diversified Energy (DEC) RSUs were converted into common stock?
Walton settled 8,061 restricted stock units into 8,061 shares of common stock. A footnote explains RSUs convert into common stock on a one-for-one basis, so each unit became one share in this settlement event.
What new equity awards did DEC grant to Garrett Michael Walton?
He received new RSU awards covering 166, 422, and 349 shares of common stock, plus a direct grant of 4,465 common shares. Some RSUs are scheduled to vest on January 1, 2027 and January 1, 2028, subject to continued employment.
How do dividends affect Garrett Michael Walton’s RSU holdings in DEC?
A footnote states some RSUs increased as dividend equivalent rights when DEC paid a $0.29-per-share dividend. Instead of cash, additional RSUs accrued, expanding Walton’s equity-based compensation position tied to the company’s dividend payments.