Gideon Richard A 4

What Happened Gideon Richard, Chief Operating Officer of Diversified Energy Co. (DEC), was granted 1,429 restricted stock units (RSUs) on March 16, 2026. The grant is recorded at $0.00 per unit (RSUs are typically granted with no purchase price) and will convert one-for-one into shares of the company's common stock upon vesting. These RSUs were granted as additional units that accrued as dividend equivalents related to the company’s $0.29 per-share dividend.

Key Details

• Transaction date: 2026-03-16; grant type: Award/Grant (A); amount: 1,429 RSUs; price per unit reported: $0.00.
• Vesting: These RSUs vest on January 1, 2028, subject to continued employment.
• RSU mechanics: RSUs convert into common shares on a one-for-one basis.
• Shares owned after transaction: Not specified in the provided filing excerpt—see the full Form 4 for total holdings.
• Filing: Form 4 filed 2026-03-18 for a 2026-03-16 transaction (filed two days after the transaction), which is within the typical SEC two-business-day reporting window.

Context This was an equity award (derivative grant) rather than a purchase or sale; such awards are commonly used for compensation and retention. Because these RSUs vest in the future and were granted as dividend equivalents, they do not represent an immediate market buy or sell by the insider. For complete disclosure (total holdings, any tax withholding, or acceleration clauses), consult the full SEC Form 4 filing.