New insider Garrett Michael Walton claimed no ownership of stock in the company (SEC Form 3)
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| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 11/21/2025 |
3. Issuer Name and Ticker or Trading Symbol
Diversified Energy Co [ DEC ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common stock, par value $0.01 per share | 0 | D | |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Restricted Stock Units | (1) | (1) | Common stock | 7,745 | $0(2) | D | |
| Restricted Stock Units | (3) | (3) | Common stock | 19,644 | $0(2) | D | |
| Restricted Stock Units | (4) | (4) | Common stock | 16,244 | $0(2) | D | |
| Stock Options (Right to Buy)(5) | 04/14/2019 | 04/14/2028 | Common stock | 8,041 | $22(6) | D | |
| Explanation of Responses: |
| 1. On March 21, 2023, the Reporting Person was granted 5,425 restricted stock units vesting on March 31, 2026. Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid on the Issuer's common stock. The number of derivative securities in column 3 includes 2,320 dividend equivalent units. |
| 2. Restricted stock units convert into shares of common stock on a one-for-one basis. |
| 3. On March 25, 2024, the Reporting Person was granted 16,204 restricted stock units vesting on March 31, 2027. Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid on the Issuer's common stock. The number of derivative securities in column 3 includes 3,440 dividend equivalent units. |
| 4. On April 10, 2025, the Reporting Person was granted 15,300 restricted stock units vesting on March 31, 2028, subject to the Reporting Person's continued employment. Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid on the Issuer's common stock. The number of derivative securities in column 3 includes 944 dividend equivalent units. |
| 5. This option was granted on April 14, 2018 and vested ratably over three years. |
| 6. The exercise price for this option is denominated in British pounds sterling at a price of GBP 16.80 per share. The exercise price reported herein was converted from British pounds sterling to United States dollars at a conversion rate of GBP 1.00 to USD 1.3098. The exercise price is the actual British pounds sterling amount regardless of the exchange rate on the date of exercise. |
| Remarks: |
| Exhibit 24 - Power of Attorney |
| /s/ Benjamin Sullivan, Attorney-in-Fact | 12/08/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||