Ridgway Ron Lee 4

What Happened

• Ron Lee Ridgway, EVP — Energy Marketing at Diversified Energy Co. (DEC) had equity awards settle on 2026-03-16. The filing shows conversion/exercise or settlement of 9,874 derivative units into common shares (reported at $0), and award/settlement of additional shares: 5,471, 715, 545 and 204 shares (all reported at $0), reflecting RSU/PSU settlements and dividend-equivalent RSUs.
• To satisfy tax withholding obligations, 4,845 shares were withheld/treated as disposed at $14.61 per share, generating a tax payment of $70,785. These transactions are award/settlement and tax-withholding events (not open-market purchases or motivated sales).

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (within the usual two-business-day filing window).
• Reported share movements: 9,874 units converted/settled; awards granted/settled of 5,471 + 715 + 545 + 204 shares; 4,845 shares withheld for taxes at $14.61 each (total ~$70,785).
• Price reported for awards/conversion: $0 (typical for RSU/PSU settlements which convert 1:1 to shares).
• Shares owned after transaction: not specified in the provided details.
• Notable footnotes: transactions represent settlement of RSUs and PSUs, conversion of RSUs on a one-for-one basis, dividend-equivalent RSUs, vesting schedules for some RSUs (some vesting in 2027/2028; some vested 1/1/2026), and that withholding satisfied the reporting person’s tax liability.

Context

• These were award settlements and not open-market purchases or discretionary sales. The withholding of 4,845 shares to cover taxes is a routine, administrative step following RSU/PSU settlement (a form of cashless tax withholding), not necessarily a directional bet on the stock.
• For retail investors: award settlements increase insider-held shares before withholding; tax-withholding reduces the net newly acquired shares. No late filing or 10b5-1 plan is indicated in the provided details.