Ridgway Ron Lee 4

What Happened

• Ron Ridgway, EVP — Energy Marketing at Diversified Energy Co (DEC), was granted 32,446 restricted stock units (RSUs) on March 19, 2026. The award is recorded at $0.00 per share (an equity grant, not a purchase), and the RSUs are a derivative award that will convert into common shares on a one-for-one basis when vested.
• This is a compensation award rather than an open-market buy or sale; no cash changed hands on grant and no shares were sold.

Key Details

• Transaction date and type: 2026-03-19 — Grant/Award (Form 4 code A); filing date 2026-03-23 (filed timely).
• Award size and price: 32,446 RSUs granted at $0.00 (derivative award).
• Vesting: RSUs vest in three equal installments on March 19 of 2027, 2028 and 2029 (Footnote F2). RSUs convert 1:1 into common stock on vesting (Footnote F1).
• Shares owned after transaction: Not disclosed in the provided filing details.
• No indication of a 10b5-1 plan, tax-withholding sale, or immediate sale of shares in this filing.

Context

• RSU grants are a common form of executive compensation designed to retain employees; they do not represent an immediate purchase or sale and cannot be sold until they vest and convert to actual shares.
• For investors watching insider activity, awards signal company compensation decisions but are less informative about the insider’s personal view of the stock than open-market purchases or sales.