Diversified Energy (DEC) director gets 215 RSUs from dividend accrual

Rhea-AI Filing Summary

Diversified Energy Co director Kathryn Z. Klaber reported an automatic equity award rather than an open-market trade. She acquired 215 additional restricted stock units (RSUs) at no cost, accruing as dividend-equivalent rights tied to the company’s $0.29 per share dividend. These RSUs convert into common stock on a one-for-one basis. Following this grant, she holds 14,171 shares/RSUs in total, including 10,187 RSUs scheduled to vest on January 5, 2027, subject to her 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

OMB APPROVAL

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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^*

Klaber Kathryn Z

(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	14,171(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 Kathryn Z. Klaber?

Diversified Energy Co reported that director Kathryn Z. Klaber received 215 additional restricted stock units. These RSUs accrued automatically as dividend-equivalent rights linked to the company’s $0.29 per share dividend and convert into common stock on a one-for-one basis, increasing her equity-based holdings.

Were Kathryn Z. Klaber’s new shares in Diversified Energy (DEC) an open-market purchase or an award?

The new equity reported for Kathryn Z. Klaber was an award, not an open-market purchase. She acquired 215 restricted stock units at no cost as dividend-equivalent rights, which arise automatically when the company pays a $0.29 per share dividend on outstanding eligible awards.

How many Diversified Energy (DEC) shares and RSUs does Kathryn Z. Klaber hold after this Form 4?

After this transaction, Kathryn Z. Klaber holds a total of 14,171 shares and restricted stock units. This total includes 10,187 RSUs that are scheduled to vest on January 5, 2027, provided she continues her service with Diversified Energy Co through that vesting date.

What are dividend-equivalent RSUs in the context of Diversified Energy (DEC)?

Dividend-equivalent RSUs are additional restricted stock units that accrue when the company pays dividends. For Diversified Energy, 215 RSUs accrued to Kathryn Z. Klaber as equivalents to a $0.29 per share dividend, and each RSU is designed to convert into one share of common stock.

When do Kathryn Z. Klaber’s major RSU holdings in Diversified Energy (DEC) vest?

A significant portion of Kathryn Z. Klaber’s RSUs, totaling 10,187 units, is scheduled to vest on January 5, 2027. This vesting is conditioned on her continued service with Diversified Energy Co through that date, aligning her compensation with ongoing board participation.

Does the Form 4 for Diversified Energy (DEC) show any stock sales by Kathryn Z. Klaber?

The Form 4 does not report any stock sales by Kathryn Z. Klaber. It only shows an acquisition coded as a grant or award, reflecting 215 additional restricted stock units that accrued as dividend-equivalent rights connected to a declared $0.29 per share dividend.