Diversified Energy CFO receives new RSU awards

Gray Bradley G reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Gray Bradley G reported acquisition or exercise transactions in this Form 4 filing.

Diversified Energy Co President and CFO Bradley G. Gray reported multiple awards of restricted stock units (RSUs) on June 30, 2026. The Form 4 shows four RSU grants of 4,071, 1,662, 2,169 and 1,272 units, each convertible into common stock on a one-for-one basis.

One block represents additional RSUs that accrued as dividend equivalent rights tied to a cash dividend of $0.29 per share. The RSUs vest over time, with schedules including March 19, 2027, 2028 and 2029, January 1, 2027 and 2028, and January 5, 2027, 2028 and 2029, all subject to Gray’s continued employment.

Insider Trade Summary

Grant/Award: 9,174 shares

Grant/Award 4 txns

Insider Gray Bradley G

Role President and CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,272	$0.00	$0.00
Grant/Award	Restricted Stock Units	2,169	$0.00	$0.00
Grant/Award	Restricted Stock Units	1,662	$0.00	$0.00
Grant/Award	Restricted Stock Units	4,071	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 469,355 contracts (Direct)

Footnotes (6)

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, 2027, subject to the Reporting Person's continued employment.
5. F5. These RSUs vest on January 1, 2028, subject to the Reporting Person's continued employment.
6. F6. These RSUs vest in three equal installments on each January 5, 2027, 2028 and 2029, subject to the Reporting Person's continued employment.

Key Figures

RSU grant 1: 4,071 RSUs RSU grant 2: 1,662 RSUs RSU grant 3: 2,169 RSUs +4 more

7 metrics

RSU grant 1 4,071 RSUs Award to CFO on June 30, 2026; one-for-one into common stock

RSU grant 2 1,662 RSUs Award to CFO on June 30, 2026; one-for-one into common stock

RSU grant 3 2,169 RSUs Award to CFO on June 30, 2026; one-for-one into common stock

RSU grant 4 1,272 RSUs Award to CFO on June 30, 2026; one-for-one into common stock

Dividend per share $0.29 per share Cash dividend used to calculate dividend equivalent RSUs

Vesting dates (tranche) March 19, 2027–2029 Three equal installments subject to continued employment

Vesting dates (additional) January 1 and 5, 2027–2029 Various RSU blocks vest on these dates if employed

Key Terms

Restricted Stock Units, dividend equivalent rights, continued employment, common stock

4 terms

Restricted Stock Units financial

"Restricted stock units ("RSUs") convert into shares of the Issuer's common stock on a one-for-one basis."

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

"Represents additional RSUs that accrued as dividend equivalent rights in connection with the Issuer's dividend payment of $0.29 per share."

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.

continued employment financial

"These RSUs vest in three equal installments on each March 19, 2027, 2028 and 2029, 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

"RSUs 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.

FAQ

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

What insider transaction did Diversified Energy Co (DEC) report for its CFO?

Diversified Energy Co reported that President and CFO Bradley G. Gray received several restricted stock unit grants on June 30, 2026. These RSUs are equity awards that can convert into common shares, reflecting part of his compensation rather than open-market buying or selling.

How many restricted stock units were granted to the DEC CFO in this Form 4?

The filing shows four RSU grants to the DEC CFO of 4,071, 1,662, 2,169 and 1,272 units. Each RSU is eligible to convert into one share of Diversified Energy’s common stock, increasing his potential equity exposure if vesting conditions are met.

What is the vesting schedule for the new DEC CFO RSU awards?

Some RSUs vest in three equal installments on March 19, 2027, 2028 and 2029, and others on January 5, 2027, 2028 and 2029. Additional blocks vest on January 1, 2027 and January 1, 2028, all contingent on Bradley G. Gray’s continued employment.

What are dividend equivalent RSUs mentioned in the DEC Form 4?

The Form 4 notes that a portion of the RSUs accrued as dividend equivalent rights tied to a $0.29 per share dividend. Instead of receiving cash, the executive received additional RSUs, which can later convert into common stock if vesting requirements are met.

Do the DEC CFO’s RSU grants involve any cash transaction in the market?

No cash purchase or sale is indicated; the RSUs were granted at a stated price of $0.00 per unit. These are compensation-related equity awards, not open-market trading, so they do not represent the executive buying or selling DEC shares to or from other investors.

How do the new DEC RSUs convert into common stock for the CFO?

The footnotes state that each restricted stock unit converts into one share of Diversified Energy’s common stock. Conversion occurs upon vesting, assuming the continued-employment conditions are satisfied, turning these unvested awards into actual share ownership over time.

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

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Accepted by SEC EDGAR 07/01/2026 - 06:18 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^*

Gray Bradley G

(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)
	President and CFO

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	$0(1)	06/30/2026	06/30/2026	A		1,272(2)		(3)	(3)	Common Stock	1,272	$0	65,026	D
Restricted Stock Units	$0(1)	06/30/2026	06/30/2026	A		2,169(2)		(4)	(4)	Common Stock	2,169	$0	111,004	D
Restricted Stock Units	$0(1)	06/30/2026	06/30/2026	A		1,662(2)		(5)	(5)	Common Stock	1,662	$0	85,039	D
Restricted Stock Units	$0(1)	06/30/2026	06/30/2026	A		4,071(2)		(6)	(6)	Common Stock	4,071	$0	208,286	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.

6. These RSUs vest in three equal installments on each January 5, 2027, 2028 and 2029, 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)