Turner David Jackson Jr. 4
Research Summary
AI-generated summary
Diversified Energy (DEC) Director Turner Jackson Receives RSU Award
What Happened
- Turner David Jackson Jr., a director of Diversified Energy Co. (DEC), was granted 215 restricted stock units (RSUs) on 2026-03-16 as dividend-equivalent awards. The filing reports an acquisition price of $0.00, so the transaction is an award/grant rather than a purchase.
Key Details
- Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (appears timely).
- Transaction type/code: Award/Grant (A).
- Shares/units granted: 215 RSUs; reported acquisition price: $0.00; total reported cash value: $0.
- RSU conversion: RSUs convert into shares 1-for-1 (Footnote F1); these RSUs accrued as dividend equivalents from the issuer's $0.29/share dividend.
- Vesting note: Footnote F2 indicates there are 10,187 RSUs that vest on January 5, 2027, subject to continued service.
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
- These RSUs are dividend-equivalent awards (not an open-market purchase or sale). Such awards are compensation-related and do not necessarily signal the insider’s view of the stock. They typically convert to common shares according to the RSU plan and any stated vesting schedule.