Wade Randall S. 4
4 · Diversified Energy Co · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
Diversified Energy (DEC) Director Wade Randall Forfeits 10,187 RSUs
What Happened
- Wade Randall S., a Director of Diversified Energy Co. (DEC), had 10,187 restricted stock units (RSUs) forfeited on January 23, 2026. The Form 4 reports a disposition to the issuer (code D) of 10,187 shares at $0.00, resulting in $0 proceeds. The forfeiture occurred in connection with his resignation from the Board of Directors.
Key Details
- Transaction date: 2026-01-23; Filing date: 2026-01-26 (filed promptly).
- Transaction type/code: Disposition to issuer (D) — forfeiture of RSUs, not an open-market sale.
- Shares/amount: 10,187 RSUs forfeited; reported value $0.00.
- Shares owned after transaction: The 10,187 outstanding RSUs were forfeited per plan terms. The filing does not report proceeds or additional changes to other holdings.
- Footnotes: F1 explains the forfeiture followed the director’s resignation. F2 notes certain shares are held by EIG-related funds over which the reporting person has voting/dispositive power but disclaims beneficial ownership except for any pecuniary interest.
Context
- This was a contractual forfeiture tied to a board resignation, not a sale or purchase; it generated no cash proceeds and does not necessarily signal a trading view on the company. The filing also highlights institutional holdings via EIG funds, which are reported separately and are not claimed as direct beneficial ownership by the reporting person.
Insider Transaction Report
Form 4Exit
Wade Randall S.
Director
Transactions
- Disposition to Issuer
Common Stock, par value $0.01
[F1]2026-01-23−10,187→ 0 total
Holdings
- 7,501,585(indirect: See footnote)
Common Stock, par value $0.01
[F2]
Footnotes (2)
- [F1]On January 23, 2026, the Reporting Person resigned from the Board of Directors of the Issuer. In connection with such resignation, all 10,187 outstanding restricted stock units of the Reporting Person were forfeited in accordance with their terms.
- [F2]Reflects shares held by EIG Redwood Co-Investment, L.P., EIG Energy XV Blocker Agent (Redwood), Inc., EIG Holdings Carry Splitter (Redwood), L.P., EIG Energy Fund XV, L.P., EIG Energy Fund XV-A, L.P., EIG Energy Fund XVI, L.P., EIG Energy Fund XVI-E, L.P., EIG Energy Fund XVI Holdings Splitter (FourPoint), L.P. and EIG Energy Fund XV Blocker Series C (FourPoint) LLC (the "Funds"). In this regard, the Reporting Person's role on the investment committees of the general partners of the Funds gives him voting and dispositive power over the reported securities but the Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
Signature
/s/ Benjamin Sullivan, Attorney-in-Fact|2026-01-26