Diversified Energy (DEC) director granted 215 dividend RSUs

Rhea-AI Filing Summary

Diversified Energy Co director Thomas Martin Keith received 215 shares of common stock as a stock award. The shares are restricted stock units that accrued as dividend equivalents tied to a $0.29 per share dividend and convert one-for-one into common stock. Following this grant, he directly holds 124,952 shares, including 10,187 RSUs scheduled to vest on January 5, 2027, subject to continued service.

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

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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^*

Thomas Martin Keith

(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)
03/16/2026

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	03/16/2026	03/16/2026	A		215(1)	A	$0	124,952(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 10,187 RSUs that vest on January 5, 2027, subject to the Reporting Person's continued service.

Remarks:

	/s/ Benjamin Sullivan, Attorney-in-Fact	03/18/2026
	** 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)

FAQ

What insider transaction did Diversified Energy Co (DEC) report for Thomas Martin Keith?

Diversified Energy Co reported that director Thomas Martin Keith acquired 215 shares through a stock award. These are restricted stock units credited as dividend equivalents and convert into common stock one-for-one, increasing his direct holdings while not involving any cash purchase in the market.

How were the 215 new shares for Diversified Energy Co (DEC) director Keith calculated?

The 215 additional shares reflect restricted stock units that accrued as dividend equivalent rights on existing awards. They were tied to Diversified Energy Co’s cash dividend of $0.29 per share, with each RSU converting into one share of common stock on a one-for-one basis.

What is Thomas Martin Keith’s total shareholding in Diversified Energy Co (DEC) after this Form 4?

After the reported award, Thomas Martin Keith directly holds 124,952 shares of Diversified Energy Co common stock. This total includes restricted stock units, among them 10,187 RSUs scheduled to vest on January 5, 2027, assuming he continues in service with the company until that date.

What are the vesting terms of Thomas Martin Keith’s restricted stock units in Diversified Energy Co (DEC)?

The filing notes that 10,187 of Keith’s restricted stock units will vest on January 5, 2027. Vesting is conditioned on his continued service with Diversified Energy Co, meaning these RSUs convert into common stock on that date only if he remains in his role.

Did Diversified Energy Co (DEC) director Thomas Martin Keith buy or sell shares on the open market?

The Form 4 shows no open-market buying or selling by Keith. Instead, he received 215 additional restricted stock units as a grant related to dividend equivalents, with a stated price of $0.00 per share, reflecting a compensation-related stock award rather than a market transaction.