DEC CAO awarded 279 dividend-linked RSUs

Diversified Energy Co Chief Accounting Officer Garrett Michael Walton reported receiving a grant of 279 restricted stock units (RSUs), which will convert into the company’s common stock on a one-for-one basis.

Rhea-AI Filing Summary

Diversified Energy Co Chief Accounting Officer Garrett Michael Walton reported receiving a grant of 279 restricted stock units (RSUs), which will convert into the company’s common stock on a one-for-one basis. These RSUs arose as dividend equivalent rights tied to the company’s $0.29 per share dividend.

The RSUs vest in three equal installments on March 19 of 2027, 2028, and 2029, contingent on Walton’s continued employment. Following this award, he directly holds 13,482 shares or share-equivalent RSUs in total, reflecting routine, compensation-related equity rather than an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 279 shares

Grant/Award 1 txn

Insider Garrett Michael Walton

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	279	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 13,482 contracts (Direct)

Footnotes (3)

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.

Key Figures

RSUs granted: 279 RSUs Dividend amount: $0.29 per share Holdings after transaction: 13,482 shares/RSUs +2 more

5 metrics

RSUs granted 279 RSUs Dividend equivalent rights grant to CAO

Dividend amount $0.29 per share Dividend generating RSU equivalents

Holdings after transaction 13,482 shares/RSUs Total direct equity position reported

Vesting dates March 19, 2027, 2028, 2029 Three equal vesting installments

Conversion ratio 1 RSU : 1 share RSUs convert into common stock one-for-one

Key Terms

Restricted Stock Units, dividend equivalent rights, vest, Chief Accounting Officer

4 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.

dividend equivalent rights financial

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

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.

Chief Accounting Officer financial

"Garrett Michael Walton serves as Chief Accounting Officer"

A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.

FAQ

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

What insider transaction did DEC Chief Accounting Officer report?

Garrett Michael Walton reported receiving 279 restricted stock units as equity compensation. These RSUs came from dividend equivalent rights linked to Diversified Energy Co’s $0.29 per share dividend and will convert one-for-one into common stock as they vest over future years.

Is the DEC Form 4 transaction a buy or sell of shares?

The Form 4 for DEC shows an acquisition of 279 restricted stock units as a grant, not an open-market trade. It reflects compensation in equity units rather than the officer buying or selling existing Diversified Energy Co common shares on the market.

How were the 279 RSUs for DEC’s CAO generated?

The 279 RSUs accrued as dividend equivalent rights on existing awards, matching Diversified Energy Co’s $0.29 per share dividend. Instead of receiving cash only, the Chief Accounting Officer also earned additional RSUs that mirror the dividend paid on underlying share-based units.

When do the newly granted DEC RSUs vest for the CAO?

The RSUs vest in three equal installments on March 19, 2027, March 19, 2028, and March 19, 2029. Vesting depends on the officer’s continued employment with Diversified Energy Co through each vesting date, following the standard long-term incentive structure.

How many DEC shares or RSUs does the CAO hold after this grant?

After the grant of 279 restricted stock units, the Chief Accounting Officer is shown holding 13,482 shares or equivalent RSUs directly. This total reflects his updated equity position reported in the Form 4, combining existing holdings with the new dividend-linked RSUs.

What does one-for-one RSU conversion mean for DEC investors?

One-for-one RSU conversion means each restricted stock unit becomes one share of Diversified Energy Co common stock at vesting. This structure directly links the officer’s compensation to the company’s equity value as the units settle into actual tradable shares over time.

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

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Accepted by SEC EDGAR 04/02/2026 - 04:41 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)
03/31/2026

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)	03/31/2026	03/31/2026	A		279(2)		(3)	(3)	Common Stock	279	$0	13,482	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.

Remarks:

	/s/ Benjamin Sullivan, Attorney-in-Fact	04/02/2026
	** 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)