Diversified Energy (DEC) EVP receives 684 RSUs as dividend equivalents

Rhea-AI Filing Summary

Diversified Energy Co executive vice president Ron Lee Ridgway received a grant of 684 restricted stock units (RSUs). These RSUs were awarded as dividend equivalent rights tied to a cash dividend of $0.29 per share and convert into common stock on a one-for-one basis.

The RSUs vest in three equal installments on March 19, 2027, 2028 and 2029, contingent on his continued employment. Following this grant, Ridgway directly holds 33,130 shares (including RSUs), making this a routine, compensation-related equity award rather than a market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ridgway Ron Lee

Role EVP - Energy Marketing

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	684	$0.00	--

Holdings After Transaction: Restricted Stock Units — 33,130 shares (Direct)

Footnotes (1)

1. Restricted stock units ("RSUs") convert into shares of the Issuer's common stock on a one-for-one basis. Represents additional RSUs that accrued as dividend equivalent rights in connection with the Issuer's dividend payment of $0.29 per share. 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: 684 units Post-transaction holdings: 33,130 shares Dividend amount: $0.29 per share +2 more

5 metrics

RSUs granted 684 units Restricted stock units granted as dividend equivalent rights

Post-transaction holdings 33,130 shares Total shares (including RSUs) after the grant

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

Vesting schedule 3 installments RSUs vest on March 19, 2027, 2028 and 2029

RSU conversion ratio 1:1 Each RSU converts into one share of common stock

Key Terms

Restricted Stock Units, dividend equivalent rights, vest, common stock

4 terms

Restricted Stock Units financial

"Restricted stock units ("RSUs") convert into shares of the Issuer's common stock"

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

"additional RSUs that accrued as dividend equivalent rights in connection with the Issuer's dividend payment"

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"

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.

common stock financial

"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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Ridgway Ron Lee

(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)
	EVP - Energy Marketing

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		684(2)		(3)	(3)	Common Stock	684	$0	33,130	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)

FAQ

What insider transaction did Diversified Energy Co (DEC) report for Ron Lee Ridgway?

Diversified Energy Co reported that EVP Ron Lee Ridgway received a grant of 684 restricted stock units. These RSUs are a stock-based compensation award that convert into common shares and do not involve any open-market buying or selling activity.

How many shares does Ron Lee Ridgway hold after the latest DEC Form 4 filing?

After the reported RSU grant, Ron Lee Ridgway holds 33,130 shares in total. This figure includes his newly awarded 684 restricted stock units, which are scheduled to convert into common stock as they vest over future years.

How do the new DEC RSUs for Ron Lee Ridgway vest over time?

The 684 restricted stock units vest in three equal installments on March 19, 2027, 2028 and 2029. Vesting is conditioned on Ridgway’s continued employment, meaning he must remain with Diversified Energy Co to receive each future share delivery.

What is the connection between DEC’s $0.29 dividend and the RSUs granted to Ridgway?

These RSUs were issued as dividend equivalent rights linked to a $0.29 per share dividend. Instead of receiving that cash on existing RSU holdings, Ridgway accrued additional RSUs, effectively reinvesting the dividend into more stock-based compensation units.

Do the RSUs granted to Ron Lee Ridgway have a purchase price or exercise cost?

The RSUs were granted at a price of $0.00 per unit, reflecting that they are compensation rather than purchased securities. When they vest, each RSU converts into one share of Diversified Energy Co common stock without any additional payment by Ridgway.