Ridgway Ron Lee 4

4 · Diversified Energy Co · Filed Jul 1, 2026

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Updated Jul 1, 2026

Diversified Energy (DEC) EVP Ron Ridgway Receives RSU Award

What Happened

Ron Lee Ridgway, EVP — Energy Marketing at Diversified Energy Co. (DEC), received three restricted stock unit (RSU) awards on 2026-06-30 totaling 1,877 RSUs (660 + 690 + 527). Each award was reported as a grant (code A) at $0.00 per share (derivative award), so no cash purchase or sale occurred. The RSUs convert one-for-one into common stock upon vesting.

Key Details

Transaction date: 2026-06-30; filing date: 2026-07-01 (appears timely).
Awards: 660 RSUs, 690 RSUs, and 527 RSUs (total 1,877 RSUs); price per unit reported $0.00 (grant).
Footnotes: RSUs convert 1-for-1 into common stock (F1); additional RSUs include dividend-equivalent accruals tied to the issuer’s $0.29/share dividend (F2).
Vesting: one tranche vests in three equal installments on Mar 19 of 2027, 2028 and 2029 (F3); another tranche vests Jan 1, 2027 (F4); the third vests Jan 1, 2028 (F5). All vesting is subject to continued employment.
Shares owned after the transaction are not specified in the provided excerpt. No tax-withholding or sale-to-cover noted in the provided details.

Context

These are compensation awards (RSUs), not open-market purchases or sales. RSUs are derivative grants that only become actual shares if and when they vest; they do not represent immediate cash proceeds or disposals. Dividend-equivalent RSUs reflect additional units credited for declared dividends and are common in equity compensation plans.

Form 4

Period: 2026-06-30

EVP - Energy Marketing

Transactions

Award
Restricted Stock Units
[F1][F2][F3]
2026-06-30+660→ 33,790 total
Exercise: $0.00→ Common Stock (660 underlying)
Award
Restricted Stock Units
[F1][F2][F4]
2026-06-30+690→ 35,319 total
Exercise: $0.00→ Common Stock (690 underlying)
Award
Restricted Stock Units
[F1][F2][F5]
2026-06-30+527→ 26,946 total
Exercise: $0.00→ Common Stock (527 underlying)

Footnotes (5)

[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.

Signature

/s/ Benjamin Sullivan, Attorney-in-Fact|2026-07-01

1 file