Director at Diversified Energy Co (DEC) gains 207 RSUs from dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Diversified Energy Co director reports a routine share-based award. On June 30, 2026, director David Jackson Turner Jr. acquired 207 shares of common stock at $0.00 per share through an award classified as restricted stock units tied to dividend equivalents.
Footnotes explain these RSUs accrued as dividend equivalent rights from a $0.29 per-share dividend and convert into common stock on a one-for-one basis. After this accrual, Turner holds 58,696 shares directly, including 10,402 RSUs scheduled to vest on January 5, 2027, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Turner David Jackson Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock, par value $0.01 per share | 207 | $0.00 | -- |
Holdings After Transaction:
Common stock, par value $0.01 per share — 58,696 shares (Direct, null)
Footnotes (1)
- Represents additional restricted stock units ("RSUs") that accrued as dividend equivalent rights in connection with the Issuer's dividend payment of $0.29 per share. RSUs convert into shares of the Issuer's common stock on a one-for-one basis. Includes 10,402 RSUs (inclusive of previously accrued dividend equivalent rights) that vest on January 5, 2027, subject to the Reporting Person's continued service.
Key Figures
RSUs acquired: 207 shares
Transaction price: $0.00 per share
Holdings after transaction: 58,696 shares
+2 more
5 metrics
RSUs acquired
207 shares
Restricted stock units accrued as dividend equivalent rights on June 30, 2026
Transaction price
$0.00 per share
Grant/award acquisition of common stock via RSUs
Holdings after transaction
58,696 shares
Total direct common stock position following RSU accrual
Company dividend
$0.29 per share
Dividend that generated dividend equivalent RSUs
Unvested RSUs
10,402 RSUs
Units vesting on January 5, 2027, subject to continued service
Key Terms
restricted stock units, dividend equivalent rights, vest
3 terms
restricted stock units financial
"Represents additional restricted stock units ("RSUs") that accrued as dividend equivalent rights"
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
"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
"Includes 10,402 RSUs ... that vest on January 5, 2027, subject to the Reporting Person's continued service"
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.
FAQ
What insider transaction did Diversified Energy Co (DEC) disclose for David Jackson Turner Jr.?
Diversified Energy Co reported that director David Jackson Turner Jr. acquired 207 shares via restricted stock units. These units accrued as dividend equivalent rights from a $0.29 per-share dividend and convert into common stock on a one-for-one basis.
Was the DEC insider transaction an open-market buy or a compensation award?
The DEC transaction was a grant-type acquisition, not an open-market purchase. It reflects restricted stock units accrued as dividend equivalent rights linked to the company’s dividend, classified as a grant, award, or other acquisition at zero cash price per share.
What future vesting of Diversified Energy Co RSUs is disclosed in this filing?
The filing notes 10,402 restricted stock units scheduled to vest on January 5, 2027. Vesting is contingent on the reporting person’s continued service, and these units include amounts previously accrued as dividend equivalent rights tied to company dividend payments.
How were the 207 new DEC restricted stock units calculated?
The 207 additional RSUs accrued as dividend equivalent rights connected to a $0.29 per-share dividend. When the company paid this dividend, equivalent RSUs were credited to the director, which will convert into common stock on a one-for-one basis in line with plan terms.