SULLIVAN BENJAMIN 4

What happened

Benjamin Sullivan, Senior Executive Vice President and Chief Legal Officer of Diversified Energy Co. (DEC), was granted 51,303 restricted stock units (RSUs) on March 19, 2026. The award is reported as an acquisition at $0.00 (no cash exchanged) and is a derivative grant that will convert into common stock on a one-for-one basis upon vesting.

Key details

• Transaction date & reported grant: March 19, 2026; reported acquisition price $0.00 (code A — award/grant).
• Grant size: 51,303 RSUs.
• Vesting: RSUs vest in three equal installments on March 19 of 2027, 2028 and 2029 (per filing footnote).
• Shares owned after transaction: not specified in the provided filing.
• Filing: Form 4 filed March 23, 2026 — filed within the standard two-business-day reporting window.
• Notes from filing: F1 — RSUs convert to common shares one-for-one; F2 — vesting schedule as above.

Context

RSUs are a form of compensation: they do not represent immediate ownership of shares until they vest and are converted, and no cash was paid by the insider at grant. Awards like this are common for executives and are compensation-related rather than an open-market purchase or sale; they are not a direct buy/sell signal. When RSUs vest and convert, they will increase the number of outstanding shares (dilution) and the insider will then hold actual shares unless sales or tax-withholding actions occur.