Gideon Richard A 4

What Happened Gideon Richard A, Chief Operating Officer of Diversified Energy Co. (DEC), received two restricted stock unit (RSU) awards totaling 2,427 RSUs on 2026-06-30 (1,047 RSUs and 1,380 RSUs). Each award is a derivative grant with an acquisition price of $0.00 — RSUs convert one-for-one into common shares when they vest. No cash was exchanged in this grant; these are compensation awards rather than open-market purchases.

Key Details

• Transaction date: 2026-06-30; instrument: RSU grants (derivative) with price $0.00.
• Total RSUs awarded: 2,427 (1,047 + 1,380); convert 1:1 into common stock (per filing).
• Dividend equivalent: part of the RSUs represent dividend equivalent rights tied to the issuer’s $0.29 per-share dividend (per footnote).
• Vesting: one award vests in three equal installments on March 19, 2027, 2028 and 2029; the other vests on January 1, 2028 (vesting is subject to continued employment).
• Shares owned after the transaction: not disclosed in this Form 4.
• Filing timeliness: the filing does not indicate a late filing code.

Context RSUs are standard equity compensation for executives and do not reflect an open-market purchase or sale. They only convert into actual shares if and when they vest (subject to the noted schedules and continued employment). Dividend-equivalent RSUs mean the company credited additional RSUs to reflect a recent cash dividend rather than paying cash to the executive.