Diversified Energy (DEC) CAO granted 279 RSUs from dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Diversified Energy Co Chief Accounting Officer Garrett Michael Walton reported receiving a grant of 279 restricted stock units (RSUs), which will convert into the company’s common stock on a one-for-one basis. These RSUs arose as dividend equivalent rights tied to the company’s $0.29 per share dividend.
The RSUs vest in three equal installments on March 19 of 2027, 2028, and 2029, contingent on Walton’s continued employment. Following this award, he directly holds 13,482 shares or share-equivalent RSUs in total, reflecting routine, compensation-related equity rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Garrett Michael Walton
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 279 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 13,482 shares (Direct)
Footnotes (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: 279 RSUs
Dividend amount: $0.29 per share
Holdings after transaction: 13,482 shares/RSUs
+2 more
5 metrics
RSUs granted
279 RSUs
Dividend equivalent rights grant to CAO
Dividend amount
$0.29 per share
Dividend generating RSU equivalents
Holdings after transaction
13,482 shares/RSUs
Total direct equity position reported
Vesting dates
March 19, 2027, 2028, 2029
Three equal vesting installments
Conversion ratio
1 RSU : 1 share
RSUs convert into common stock one-for-one
Key Terms
Restricted Stock Units, dividend equivalent rights, vest, Chief Accounting Officer
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.
Chief Accounting Officer financial
"Garrett Michael Walton serves as Chief Accounting Officer"
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
FAQ
What insider transaction did DEC Chief Accounting Officer report?
Garrett Michael Walton reported receiving 279 restricted stock units as equity compensation. These RSUs came from dividend equivalent rights linked to Diversified Energy Co’s $0.29 per share dividend and will convert one-for-one into common stock as they vest over future years.
How were the 279 RSUs for DEC’s CAO generated?
The 279 RSUs accrued as dividend equivalent rights on existing awards, matching Diversified Energy Co’s $0.29 per share dividend. Instead of receiving cash only, the Chief Accounting Officer also earned additional RSUs that mirror the dividend paid on underlying share-based units.
When do the newly granted DEC RSUs vest for the CAO?
The RSUs vest in three equal installments on March 19, 2027, March 19, 2028, and March 19, 2029. Vesting depends on the officer’s continued employment with Diversified Energy Co through each vesting date, following the standard long-term incentive structure.
What does one-for-one RSU conversion mean for DEC investors?
One-for-one RSU conversion means each restricted stock unit becomes one share of Diversified Energy Co common stock at vesting. This structure directly links the officer’s compensation to the company’s equity value as the units settle into actual tradable shares over time.