SULLIVAN BENJAMIN 4

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.