Diversified Energy Co Garrett acquires stock awards

The awards vest on dates from January 2027 through March 2029, with continued employment required.

Rhea-AI Filing Summary

Diversified Energy Co (DEC) Chief Accounting Officer Michael Walton Garrett acquired three restricted stock unit awards on September 30, 2026: 410 RSUs, 339 RSUs and 270 RSUs. The awards represent additional RSUs accrued as dividend equivalent rights in connection with the company’s $0.29-per-share dividend. RSUs convert into common stock one-for-one. The 410 RSUs vest January 1, 2027; the 339 vest January 1, 2028; and the 270 vest in three equal installments on March 19, 2027, 2028 and 2029. Each vesting is subject to continued employment.

Insider Trade Summary

Grant/Award: 1,019 shares

Grant/Award 3 txns

Insider Garrett Michael Walton

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1, F2, F3	410	$0.00	$0.00
Grant/Award	Restricted Stock Units F1, F2, F4	339	$0.00	$0.00
Grant/Award	Restricted Stock Units F1, F2, F5	270	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 52,871 contracts (Direct)

Footnotes (5)

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 on January 1, 2027, subject to the Reporting Person's continued employment.
4. F4. These RSUs vest on January 1, 2028, subject to the Reporting Person's continued employment.
5. F5. 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

Restricted stock units: 410 RSUs Restricted stock units: 339 RSUs Restricted stock units: 270 RSUs +2 more

5 metrics

Restricted stock units 410 RSUs Additional dividend-equivalent RSUs; vest January 1, 2027, subject to continued employment.

Restricted stock units 339 RSUs Additional dividend-equivalent RSUs; vest January 1, 2028, subject to continued employment.

Restricted stock units 270 RSUs Additional dividend-equivalent RSUs; vest in three equal installments on March 19, 2027, 2028 and 2029, subject to continued employment.

Dividend payment $0.29 per share Dividend payment associated with the additional RSUs.

RSU conversion ratio One-for-one Each RSU converts into one share of the issuer's common stock.

Key Terms

Restricted stock units, dividend equivalent rights, vest

3 terms

Restricted stock units financial

"Restricted stock units ("RSUs") convert into shares"

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

"accrued as dividend equivalent rights"

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 on January 1, 2027"

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.

How many RSUs did DEC's Chief Accounting Officer receive?

Michael Walton Garrett acquired awards of 410 RSUs, 339 RSUs and 270 RSUs on September 30, 2026. The awards were additional RSUs accrued as dividend equivalent rights in connection with the company's $0.29-per-share dividend payment.

When do the DEC RSUs vest?

The 410 RSUs vest on January 1, 2027, the 339 RSUs on January 1, 2028, and the 270 RSUs in three equal installments on March 19, 2027, 2028 and 2029. Each award is subject to Michael Walton Garrett's continued employment.

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

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Available on EDGAR 10/01/2026 - 05:34 PM Accepted by SEC EDGAR 10/01/2026 - 05:34 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)
09/30/2026

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)	09/30/2026	09/30/2026	A		410(2)		(3)	(3)	Common Stock	410	$0	21,265	D
Restricted Stock Units	$0(1)	09/30/2026	09/30/2026	A		339(2)		(4)	(4)	Common Stock	339	$0	17,584	D
Restricted Stock Units	$0(1)	09/30/2026	09/30/2026	A		270(2)		(5)	(5)	Common Stock	270	$0	14,022	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 on January 1, 2027, subject to the Reporting Person's continued employment.

4. These RSUs vest on January 1, 2028, subject to the Reporting Person's continued employment.

5. 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	10/01/2026
	** 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)