Diversified Energy COO accrues dividend RSUs

Gideon Richard A reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Gideon Richard A reported acquisition or exercise transactions in this Form 4 filing.

Diversified Energy Co reported that Chief Operating Officer Gideon Richard A received new restricted stock unit (RSU) awards as equity compensation. He was granted 1,380 RSUs tied to dividend equivalent rights from a $0.29 per-share dividend and 1,047 additional RSUs, each convertible into common stock on a one-for-one basis.

The 1,380 RSUs vest in three equal installments on March 19, 2027, 2028, and 2029, subject to his continued employment. The 1,047 RSUs vest on January 1, 2028, also conditioned on continued employment. These are compensation-related grants, not open-market share purchases or sales.

Insider Trade Summary

Grant/Award: 2,427 shares

Grant/Award 2 txns

Insider Gideon Richard A

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,047	$0.00	$0.00
Grant/Award	Restricted Stock Units	1,380	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 124,272 contracts (Direct)

Footnotes (4)

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, 2028, subject to the Reporting Person's continued employment.

Key Figures

RSU grant 1: 1,380 RSUs RSU grant 2: 1,047 RSUs Dividend per share: $0.29 per share +2 more

5 metrics

RSU grant 1 1,380 RSUs Grant on June 30, 2026; converts to common stock one-for-one

RSU grant 2 1,047 RSUs Grant on June 30, 2026; converts to common stock one-for-one

Dividend per share $0.29 per share Used to calculate dividend equivalent RSUs

Vesting schedule grant 1 3 installments Vests on March 19, 2027, 2028, 2029, subject to employment

Vesting date grant 2 January 1, 2028 Single vesting date, subject to continued employment

Key Terms

Restricted Stock Units, RSUs, dividend equivalent rights, vest, +1 more

5 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.

RSUs financial

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

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

dividend equivalent rights financial

"additional RSUs that accrued as dividend equivalent rights in connection with the Issuer's dividend"

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.

continued employment financial

"These RSUs vest on January 1, 2028, 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.

FAQ

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

What did Diversified Energy (DEC) disclose about Gideon Richard A in this Form 4?

Diversified Energy disclosed that COO Gideon Richard A received two new restricted stock unit grants as equity compensation, totaling 1,380 and 1,047 RSUs. These RSUs convert one-for-one into common stock and vest over future years, subject to his continued employment.

How many restricted stock units did the Diversified Energy COO receive?

The COO received 1,380 restricted stock units and a separate grant of 1,047 restricted stock units. Both awards represent rights to receive common shares in the future, subject to vesting conditions and his continued employment with Diversified Energy Co.

Are the Diversified Energy COO’s RSU grants open-market share purchases or sales?

The RSU grants are not open-market purchases or sales. They are equity compensation awards classified as acquisitions under code A, meaning they were granted by Diversified Energy rather than bought or sold in the market by the COO.

When do the new Diversified Energy RSU awards vest for the COO?

The 1,380 RSUs vest in three equal installments on March 19 of 2027, 2028, and 2029. The 1,047 RSUs vest on January 1, 2028. All vesting is conditioned on the COO’s continued employment with Diversified Energy Co.

How are the Diversified Energy COO’s RSUs linked to dividends?

Part of the grant reflects RSUs that accrued as dividend equivalent rights from a $0.29 per-share dividend. Instead of receiving cash, the COO accrued additional RSUs, aligning his compensation with shareholder distributions over time.

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

One-for-one RSU conversion means each restricted stock unit will convert into one share of Diversified Energy common stock upon settlement. This links the value of the COO’s awards directly to the future share price of the company.

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

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Accepted by SEC EDGAR 07/01/2026 - 06:16 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^*

Gideon Richard A

(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 Operating 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	(1)	06/30/2026	06/30/2026	A		1,047(2)		(3)	(3)	Common Stock	1,047	$0	53,655	D
Restricted Stock Units	$0(1)	06/30/2026	06/30/2026	A		1,380(2)		(4)	(4)	Common Stock	1,380	$0	70,617	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, 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)