Diversified Energy CFO awarded 1,317 RSUs

Diversified Energy Co President and CFO Bradley G. Gray received a grant of 1,317 restricted stock units, or RSUs, linked to the company’s common stock.

Rhea-AI Filing Summary

Diversified Energy Co President and CFO Bradley G. Gray received a grant of 1,317 restricted stock units, or RSUs, linked to the company’s common stock. These RSUs accrued as dividend equivalent rights tied to a cash dividend of $0.29 per share and convert into common shares on a one-for-one basis.

The RSUs vest in three equal installments on March 19 of 2027, 2028 and 2029, contingent on his continued employment. Following this award, Gray directly holds 63,754 shares or RSUs in total, reflecting routine equity-based compensation rather than an open-market stock purchase or sale.

Insider Trade Summary

Grant/Award: 1,317 shares

Grant/Award 1 txn

Insider Gray Bradley G

Role President and CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,317	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 63,754 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: 1,317 RSUs Dividend per share: $0.29 per share Total holdings after grant: 63,754 shares/RSUs +1 more

4 metrics

RSUs granted 1,317 RSUs Grant as dividend equivalent rights on restricted stock units

Dividend per share $0.29 per share Cash dividend that generated dividend equivalent RSUs

Total holdings after grant 63,754 shares/RSUs Direct holdings by Bradley G. Gray following this award

Vesting dates March 19, 2027, 2028, 2029 Three equal vesting installments for the RSU award

Key Terms

Restricted Stock Units, dividend equivalent rights, vest

3 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.

vest financial

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

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 (DEC) report for Bradley G. Gray?

Diversified Energy reported that President and CFO Bradley G. Gray received 1,317 restricted stock units as an equity award. These RSUs were granted as dividend equivalent rights and convert into common stock on a one-for-one basis under the company’s long-term compensation structure.

Was the Diversified Energy (DEC) insider Form 4 a stock purchase or sale?

The Form 4 for Diversified Energy shows no open-market purchase or sale. Instead, President and CFO Bradley G. Gray acquired 1,317 restricted stock units as a grant, representing compensation rather than a discretionary market trade in the company’s common shares.

How many Diversified Energy (DEC) RSUs did the CFO receive and why?

Bradley G. Gray received 1,317 restricted stock units. The award reflects additional RSUs that accrued as dividend equivalent rights in connection with Diversified Energy’s cash dividend payment of $0.29 per share, aligning his compensation with shareholder distributions over time.

When do Bradley G. Gray’s new Diversified Energy (DEC) RSUs vest?

The newly awarded Diversified Energy RSUs vest in three equal installments on March 19, 2027, March 19, 2028 and March 19, 2029. Vesting is subject to Bradley G. Gray’s continued employment with the company through each applicable vesting date specified in the award terms.

How many Diversified Energy (DEC) shares or RSUs does the CFO hold after this grant?

After receiving the 1,317 restricted stock units, Bradley G. Gray holds a total of 63,754 shares or RSUs of Diversified Energy directly. This updated figure reflects his cumulative equity position as reported in the Form 4 filing submitted to regulators for this transaction.

What does one-for-one conversion mean for Diversified Energy (DEC) RSUs?

A one-for-one conversion means each restricted stock unit automatically converts into one share of Diversified Energy common stock. For Bradley G. Gray, his 1,317 RSUs will become 1,317 common shares as they vest, assuming continued employment and satisfaction of the award’s vesting conditions.

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

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Accepted by SEC EDGAR 04/02/2026 - 04:23 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)
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		1,317(2)		(3)	(3)	Common Stock	1,317	$0	63,754	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)