SULLIVAN BENJAMIN 4

What Happened

Benjamin Sullivan, Senior Executive Vice President and Chief Legal Officer of Diversified Energy Co. (DEC), was granted 1,080 restricted stock units (RSUs) on March 31, 2026. The Form 4 lists the acquisition as a derivative award at $0.00 per unit (award/grant). The RSUs convert one-for-one into shares of common stock when they vest.

Key Details

• Transaction date and price: 2026-03-31; 1,080 RSUs granted at $0.00 (derivative award).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes of note:
  • RSUs convert to common shares on a one-for-one basis (F1).
  • Part of the RSUs represent dividend equivalent rights from the issuer's $0.29/share dividend (F2).
  • Vesting: three equal installments on March 19, 2027, 2028 and 2029, subject to continued employment (F3).
• Filing: Report filed April 2, 2026 (two days after the grant date); no late filing flag indicated in the provided data.

Context

This was a compensation award (RSUs), not an open-market purchase or sale. RSU grants are common executive compensation and do not necessarily signal the insider's intent to buy or sell stock; shares are issued only as the units vest. Because the award is a derivative grant, there was no cash outlay by the insider at grant and no immediate change in publicly tradable shares until vesting and conversion.