What dividend-related RSUs did DEC award to Ron Lee Ridgway?

One RSU grant of 527 units represents additional RSUs accrued as dividend equivalent rights. These were issued in connection with Diversified Energy Co’s dividend payment of $0.29 per share, effectively mirroring the value of that cash dividend in stock-based form.

Diversified Energy (DEC) EVP granted RSUs including dividend-linked units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Ridgway Ron Lee reported acquisition or exercise transactions in this Form 4 filing.

Diversified Energy Co executive Ron Lee Ridgway, EVP - Energy Marketing, received three compensation-related awards of restricted stock units (RSUs) on June 30, 2026. The grants cover 527, 690, and 660 RSUs, each convertible into common stock on a one-for-one basis.

One award of 527 RSUs represents additional units that accrued as dividend equivalent rights in connection with a $0.29 per share dividend. The other RSUs vest over time: 660 RSUs vest in three equal installments on March 19, 2027, 2028, and 2029, while 690 and 527 RSUs vest on January 1, 2027 and January 1, 2028, respectively, all subject to Mr. Ridgway’s continued employment.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Ridgway Ron Lee

Role EVP - Energy Marketing

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	660	$0.00	--
Grant/Award	Restricted Stock Units	690	$0.00	--
Grant/Award	Restricted Stock Units	527	$0.00	--

Holdings After Transaction: Restricted Stock Units — 33,790 shares (Direct, null)

Footnotes (1)

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

Key Figures

RSU grant 1: 527 RSUs RSU grant 2: 690 RSUs RSU grant 3: 660 RSUs +4 more

7 metrics

RSU grant 1 527 RSUs Awarded June 30, 2026; dividend equivalent rights; one-for-one into common stock

RSU grant 2 690 RSUs Awarded June 30, 2026; vests January 1, 2027, subject to continued employment

RSU grant 3 660 RSUs Awarded June 30, 2026; vests in three installments March 19, 2027–2029

Dividend per share $0.29 per share Dividend payment that generated 527 dividend-equivalent RSUs

Holdings after 527 RSU grant 26,946 RSUs Total derivative holdings following that specific transaction

Holdings after 690 RSU grant 35,319 RSUs Total derivative holdings following that specific transaction

Holdings after 660 RSU grant 33,790 RSUs Total derivative holdings following that specific transaction

Key Terms

Restricted Stock Units, dividend equivalent rights, vest, continued employment, +1 more

5 terms

Restricted Stock Units financial

"security_title": "Restricted Stock Units""

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.

dividend equivalent rights financial

"additional RSUs that accrued as dividend equivalent rights in connection"

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

"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.

common stock financial

"convert into shares of the Issuer's common stock on a one-for-one basis"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 06:18 PM Accepted by SEC EDGAR 07/01/2026 - 06:17 PM

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^*

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)
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽¹⁾	06/30/2026	06/30/2026	A		660⁽²⁾		⁽³⁾	⁽³⁾	Common Stock	660	$0	33,790	D
Restricted Stock Units	$0⁽¹⁾	06/30/2026	06/30/2026	A		690⁽²⁾		⁽⁴⁾	⁽⁴⁾	Common Stock	690	$0	35,319	D
Restricted Stock Units	$0⁽¹⁾	06/30/2026	06/30/2026	A		527⁽²⁾		⁽⁵⁾	⁽⁵⁾	Common Stock	527	$0	26,946	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did DEC’s Ron Lee Ridgway report on this Form 4?

Ron Lee Ridgway, EVP - Energy Marketing at DEC, reported awards of restricted stock units. Three separate RSU grants were recorded as compensation-related acquisitions, with no open-market stock purchases or sales disclosed in this filing.

How many restricted stock units did DEC grant to Ron Lee Ridgway?

Ron Lee Ridgway received RSU awards of 527, 690, and 660 units. Each unit is designed to convert into one share of Diversified Energy Co common stock, subject to the specific vesting schedules and continued employment conditions described in the footnotes.

How do Ron Lee Ridgway’s RSUs at DEC convert into common stock?

The RSUs granted to Ron Lee Ridgway convert into Diversified Energy Co common stock on a one-for-one basis. This means each vested RSU becomes one share of common stock when the applicable vesting conditions and timelines are satisfied.

When do Ron Lee Ridgway’s Diversified Energy RSUs vest?

The RSUs vest on several future dates, subject to continued employment. One award vests in three equal installments on March 19, 2027, 2028, and 2029. Other awards vest in full on January 1, 2027 and January 1, 2028, respectively.

Did DEC’s Ron Lee Ridgway buy or sell DEC shares in the market?

The Form 4 shows only RSU grants classified as grant, award, or other acquisition transactions. There are no reported open-market purchases or sales of Diversified Energy Co common stock by Ron Lee Ridgway in this particular filing.