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

What Happened

• Benjamin Sullivan, Senior Executive Vice President and Chief Legal Officer of Diversified Energy Co. (DEC), was granted a total of 8,305 restricted stock units (RSUs) on 2026-09-30. The awards were recorded as derivative acquisitions at $0.00 per share (RSUs have no cash purchase price at grant). The four grant lines were for 4,095; 1,050; 1,786; and 1,374 RSUs, respectively. RSUs convert into one share of common stock per RSU when vested (footnote F1).

Key Details

• Transaction date and price: 2026-09-30, price $0.00 per RSU (derivative award). Filing date: 2026-10-01 (timely).
• Total RSUs granted: 8,305.
• Ownership after transaction: not disclosed in the supplied data.
• Vesting and other notes: footnotes indicate various vesting schedules — some RSUs vest in three equal installments (2027, 2028, 2029) on January 5 or March 19 (F3, F4), while others vest on January 1, 2027 or January 1, 2028 (F5, F6). One grant line represents additional RSUs credited as dividend-equivalent rights tied to the company’s $0.29/share dividend (F2).
• Transaction type: Award/Grant (code A). This is an equity compensation award, not an open-market purchase or sale.

Context

• RSU grants are compensation and typically subject to time-based vesting and continued employment; they convert 1-for-1 into common shares when they vest and do not require exercise or cash. Such awards are routine for executives and do not by themselves indicate a purchase-driven bullish signal.
• The filing appears timely (transaction 9/30/2026, Form 4 filed 10/1/2026). No 10b5-1 plan, tax withholding, or sale-of-shares details were reported in the provided information.