Oliver Kirk R 4
Research Summary
AI-generated summary
Diversified Energy (DEC) Director Oliver R. Kirk Receives 118 RSUs
What Happened
- Oliver R. Kirk, a Director of Diversified Energy Co. (DEC), was granted/acquired 118 restricted stock units (RSUs) on 2026-06-30. The reported acquisition price is $0.00, so no cash was paid; total reported value $0.00. This transaction is an award/grant (code A) rather than an open-market buy or sale.
Key Details
- Transaction date: 2026-06-30; Filing date: 2026-07-01 (appears timely).
- Price per share reported: $0.00; Total reported value: $0.00.
- Nature of award: 118 RSUs that convert one-for-one into common shares (see footnote).
- Notable footnotes:
- F1: These 118 RSUs represent dividend-equivalent rights tied to the issuer’s $0.29 per-share dividend; RSUs convert into common stock one-for-one.
- F2: The filing also notes the Reporting Person has 5,908 RSUs that vest on January 5, 2027, subject to continued service.
- Shares owned after the transaction are not specified in the excerpt provided.
Context
- RSU grants tied to dividends are routine and do not reflect an open-market purchase or sale; they represent compensation or dividend-equivalent accruals that will convert to shares (subject to any vesting conditions).
- For retail investors, award-type transactions are generally less informative about insider sentiment than purchases, but they increase potential future insider-held shares once RSUs convert or vest.