Diversified Energy (DEC) COO Gideon Richard Receives RSU Award

What Happened

• Gideon Richard, Chief Operating Officer of Diversified Energy Co. (DEC), was granted a total of 2,444 restricted stock units (RSUs) on 2026-09-30: 1,056 RSUs and 1,388 RSUs. Each award shows an acquisition price of $0.00 (derivative awards), so no cash was paid. These RSUs convert into common stock on a one-for-one basis when they vest.

Key Details

• Transaction date: 2026-09-30; Form 4 filed 2026-10-01 (appears timely).
• Grants: 1,056 RSUs (vesting in three equal installments on Mar 19, 2027, 2028 and 2029) and 1,388 RSUs (these represent dividend-equivalent RSUs tied to a $0.29/share dividend and vest on Jan 1, 2028).
• Conversion: RSUs convert 1-for-1 into common shares upon vesting.
• Considerations: No cash value paid at grant (price $0.00). No 10b5-1 plan, tax-withholding, or post-transaction ownership figure provided in the supplied data.
• Transaction code: A = Award/Grant (derivative).

Context

• RSU grants are a form of compensation and are not purchases or sales of stock; they become common shares only if and when they vest (subject to continued employment). The 1,388 RSUs include dividend-equivalent units that accrue from the company’s dividend and vest on a fixed date, which is common in executive compensation packages.