Gray Bradley G 4

What Happened

• Bradley G. Gray, President and Chief Financial Officer of Diversified Energy Co. (DEC), was granted 62,437 restricted stock units (RSUs) on March 19, 2026. The award was reported as an A (award/grant) transaction at $0.00 (no cash paid). These RSUs are derivative awards that convert into one share of common stock per RSU upon vesting.

Key Details

• Transaction date: March 19, 2026; Form 4 filed March 23, 2026 (filing date shown).
• Award: 62,437 RSUs granted; reported acquisition price $0.00 (compensation grant, not an open‑market purchase).
• Vesting: RSUs vest in three equal installments on March 19, 2027, March 19, 2028, and March 19, 2029 (approximately ~20,812 shares per installment).
• Conversion: RSUs convert one-for-one into common shares when they vest (derivative → underlying shares at vesting).
• Shares owned after transaction: not specified in the reported transaction.
• No 10b5-1 plan, tax‑withholding sale, or immediate sale reported in this filing.

Context

• This is a compensation grant rather than a purchase or sale; such awards are common for executives and do not by themselves indicate buying or selling sentiment. The RSUs will only become actual shares as they vest in future years, subject to any company plan terms and potential tax withholding.