SULLIVAN BENJAMIN 4

4 · Diversified Energy Co · Filed Jul 1, 2026

AI-generated summary of this filing

Updated Jul 1, 2026

Diversified Energy (DEC) Sr. EVP Benjamin Sullivan Receives RSU Award

What Happened

Benjamin Sullivan, Senior EVP and Chief Legal Officer of Diversified Energy Co. (DEC), received a total of 8,255 restricted stock units (RSUs) on 2026-06-30. These were reported as awards (code A) with an acquisition price of $0.00 (derivative awards). RSUs convert one-for-one into common shares on vesting and are not an open-market purchase or sale.

Key Details

Transaction date: 2026-06-30; Form 4 filed 2026-07-01 (appears timely).
Awards granted (total): 8,255 RSUs (1,044 + 1,775 + 1,365 + 4,071); acquisition price $0.00.
Shares owned after transaction: not disclosed in the provided filing.
Notable footnotes:
- F1: RSUs convert 1:1 into common stock on vesting.
- F2: Some RSUs include dividend-equivalent accruals tied to the issuer’s $0.29 per-share dividend.
- F3–F6: Vesting schedules vary by tranche — some vest in three equal installments (March 19, 2027/2028/2029 or January 5, 2027/2028/2029) and others vest on January 1, 2027 or January 1, 2028, all subject to continued employment.
Transaction type: Award/Grant (derivative). No immediate cash transaction or sale reported.

Context

RSUs are compensation awards that become company shares only when they vest; they do not necessarily indicate buying or selling intent. Vesting is conditioned on continued employment, and dividend-equivalent RSUs reflect additional units credited for dividends declared by the company. This filing reports grants rather than insider purchases or sales.

Form 4

Period: 2026-06-30

Sr EVP, Chief Legal Officer

Transactions

Award
Restricted Stock Units
[F1][F2][F3]
2026-06-30+1,044→ 53,427 total
Exercise: $0.00→ Common Stock (1,044 underlying)
Award
Restricted Stock Units
[F1][F2][F4]
2026-06-30+1,775→ 90,823 total
Exercise: $0.00→ Common Stock (1,775 underlying)
Award
Restricted Stock Units
[F1][F2][F5]
2026-06-30+1,365→ 69,874 total
Exercise: $0.00→ Common Stock (1,365 underlying)
Award
Restricted Stock Units
[F1][F2][F6]
2026-06-30+4,071→ 208,286 total
Exercise: $0.00→ Common Stock (4,071 underlying)

Footnotes (6)

[F1]Restricted stock units ("RSUs") convert into shares of the Issuer's common stock on a one-for-one basis.
[F2]Represents additional RSUs that accrued as dividend equivalent rights in connection with the Issuer's dividend payment of $0.29 per share.
[F3]These RSUs vest in three equal installments on each March 19, 2027, 2028 and 2029, subject to the Reporting Person's continued employment.
[F4]These RSUs vest on January 1, 2027, subject to the Reporting Person's continued employment.
[F5]These RSUs vest on January 1, 2028, subject to the Reporting Person's continued employment.
[F6]These RSUs vest in three equal installments on each January 5, 2027, 2028 and 2029, subject to the Reporting Person's continued employment.

Signature

/s/ Benjamin Sullivan|2026-07-01

1 file