Hutson Robert R Jr 4
Research Summary
AI-generated summary
Diversified Energy (DEC) CEO Robert Hutson Receives RSU Award
What Happened
- Robert R. Hutson Jr., CEO of Diversified Energy Co. (DEC), was granted two awards of restricted stock units (RSUs) on June 30, 2026, totaling 3,549 RSUs (2,208 RSUs + 1,341 RSUs). The reported acquisition price for both awards is $0 (these are compensatory derivative awards that convert into common stock on a one-for-one basis).
Key Details
- Transaction date: 2026-06-30; Form 4 filed: 2026-07-01 (timely filing).
- Grants: 2,208 RSUs (award) and 1,341 RSUs (award); both reported as derivative acquisitions at $0.
- RSUs convert into common shares on a one-for-one basis (F1).
- The 1,341 RSUs represent dividend-equivalent RSUs that accrued in connection with the company’s $0.29 per-share dividend (F2).
- Vesting: 2,208 RSUs vest in three equal installments on March 19 of 2027, 2028 and 2029 (F3); 1,341 RSUs vest on January 1, 2028, subject to continued employment (F4).
- Shares beneficially owned after the transaction are not specified in the filing.
Context
- These are compensatory RSU awards (derivative securities) rather than open-market purchases or sales; they reflect executive compensation and vesting terms rather than an immediate purchase signal. Dividend-equivalent RSUs increase the award amount and are subject to the stated vesting schedule and continued employment.