Director/PDMR Shareholding
Diversified Energy Company announced the vesting of Performance Stock Units and Restricted Stock Units for key executives, resulting in changes to their shareholdings. CEO Rusty Hutson, Jr. received a net award of 46,548 shares, bringing his total holding to 1,322,689 shares, representing 1.82% of issued share capital. President and CFO Bradley Gray was awarded a net 35,659 shares, increasing his holdings to 227,790 shares (0.31% of issued share capital), while Senior Executive Vice President Benjamin Sullivan received a net 26,518 shares, bringing his total to 88,837 shares (0.12% of issued share capital). These transactions, which occurred on March 16, 2026, involved the transfer of common stock from the Employee Benefit Trust at nil cost.
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PDMR Shareholdings
Diversified Energy Company (NYSE: DEC, LSE: DEC), announces the vesting of certain Performance Stock Units (“PSU's”) and Restricted Stock Units ("RSU's") previously awarded to Persons Discharging Material Responsibility ("PDMRs"), resulting in a change to previously disclosed PDMR holdings of shares of common stock in the Company ("Common Stock").
Members of the Company's senior management vested in previously awarded PSUs and RSUs included:
Rusty Hutson, Jr, Co-Founder and Chief Executive Officer
Bradley Gray, President and Chief Financial Officer
Benjamin Sullivan, Senior Executive Vice President, Chief Legal & Risk Officer and Corporate Secretary
- Hutson's listed awards were solely PSUs, while the awards to Mr. Gray, and Mr. Sullivan included a mix of PSUs and RSUs. The Company provides additional information about its long-term incentive plan within its Annual Report on Form 10-K for the year ended December 31, 2025 available on its website.
To settle the awards, the Company will transfer Common Stock (net of customary withholdings, including taxes) from its Employee Benefit Trust (the “EBT”) as set forth in the table below:
| Net Award | Shares Held Post-Award | % of Issued Share Capital | |
| Rusty Hutson, Jr | 46,548 | 1,322,689 | 1.82% |
| Bradley Gray | 35,659 | 227,790 | 0.31% |
| Benjamin Sullivan | 26,518 | 88,837 | 0.12% |
| a) | Name | Rusty Hutson, Jr | |
| 2 | Reason for the notification | ||
| a) | Position/status | Co-Founder and Chief Executive Officer | |
| b) | Initial notification/Amendment | Initial notification | |
| a) | Name | Diversified Energy Company | |
| b) | LEI | 529900XTQ3OKXR6P0H74 | |
| a) | Description of the financial instrument, type of instrument | Performance stock units that convert into Common Stock | |
| Identification code | GB00BQHP5P93 | ||
| b) | Nature of the transaction | Vesting of performance stock units under the Company's equity incentive plan | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| $Nil | 46,548 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | March 16, 2026 | |
| f) | Place of the transaction | Outside a trading venue (XOFF) | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Bradley Gray | |
| 2 | Reason for the notification | ||
| a) | Position/status | President and Chief Financial Officer | |
| b) | Initial notification/Amendment | Initial notification | |
| a) | Name | Diversified Energy Company | |
| b) | LEI | 529900XTQ3OKXR6P0H74 | |
| a) | Description of the financial instrument, type of instrument | Performance stock units and restricted stock units that convert into Common Stock | |
| Identification code | GB00BQHP5P93 | ||
| b) | Nature of the transaction | Vesting of performance stock units and restricted stock units under the Company's equity incentive plan | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| $Nil | 35,659 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | March 16, 2026 | |
| f) | Place of the transaction | Outside a trading venue (XOFF) | |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Benjamin Sullivan | |
| 2 | Reason for the notification | ||
| a) | Position/status | Senior Executive Vice President, Chief Legal & Risk Officer and Corporate Secretary | |
| b) | Initial notification/Amendment | Initial notification | |
| a) | Name | Diversified Energy Company | |
| b) | LEI | 529900XTQ3OKXR6P0H74 | |
| a) | Description of the financial instrument, type of instrument | Performance stock units and restricted stock units that convert into Common Stock | |
| Identification code | GB00BQHP5P93 | ||
| b) | Nature of the transaction | Vesting of performance stock units and restricted stock units under the Company's equity incentive plan | |
| c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
| $Nil | 26,518 | ||
| d) | Aggregated information | N/A single transaction | |
| Aggregated volume | N/A single transaction | ||
| Price | N/A single transaction | ||
| e) | Date of the transaction | March 16,2026 | |
| f) | Place of the transaction | Outside a trading venue (XOFF) |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.