DEC director awarded 207 RSUs via dividend equivalents

Diversified Energy Co director reports a routine share-based award.

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.

Insider Trade Summary

Grant/Award: 207 shares

Grant/Award 1 txn

Insider Turner David Jackson Jr.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common stock, par value $0.01 per share	207	$0.00	$0.00

Holdings After Transaction: Common stock, par value $0.01 per share — 58,696 shares (Direct)

Footnotes (2)

1. F1. 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.
2. F2. 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

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

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.

How many Diversified Energy Co shares does the director hold after this Form 4?

After the reported RSU accrual, the director holds 58,696 shares of Diversified Energy Co common stock directly. This total includes existing holdings and restricted stock units that convert into common shares on a one-for-one basis when they settle or vest.

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.

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

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Accepted by SEC EDGAR 07/01/2026 - 06:14 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^*

Turner David Jackson Jr.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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
Common stock, par value $0.01 per share	06/30/2026	06/30/2026	A		207(1)	A	$0	58,696(2)	D

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

Explanation of Responses:

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.

2. 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.

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)