Diversified Energy Company PLC (LSE: DEC) (NYSE: 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 Ordinary Shares of £0.20 each in the Company ("Ordinary Shares").
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
Mr. 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 2022 long-term incentive plan within its Annual Report for the year ended December 31, 2024 available on its website.
To settle the awards, the Company will transfer Ordinary Shares (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
42,007
1,276,141
1.58%
Bradley Gray
26,546
192,131
0.24%
Benjamin Sullivan
21,902
62,319
0.08%
For further information, please contact:
Diversified Energy Company PLC
+1 973 856 2757
Doug Kris
dkris@dgoc.com
www.div.energy
FTI Consulting
dec@fticonsulting.com
U.S. & UK Financial Public Relations
About Diversified Energy Company PLC
Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1
Details of the person discharging managerial responsibilities / person closely associated
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
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Diversified Energy Company PLC
b)
LEI
213800YR9TFRVHPGOS67
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Bonus award of performance share units constituting a right to acquire Ordinary Shares of 20p each
Identification code
GB00BQHP5P93
b)
Nature of the transaction
Vesting of performance share units units under the Company's equity incentive plan
c)
Price(s) and volumes(s)
Price(s)
Volume(s)
£Nil
42,007
d)
Aggregated information
N/A single transaction
Aggregated volume
N/A single transaction
Price
N/A single transaction
e)
Date of the transaction
17 March 2025
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
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Diversified Energy Company PLC
b)
LEI
213800YR9TFRVHPGOS67
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Bonus award of performance share units and restricted stock units constituting a right to acquire Ordinary Shares of 20p each
Identification code
GB00BQHP5P93
b)
Nature of the transaction
Vesting of performance share units units under the Company's equity incentive plan
c)
Price(s) and volumes(s)
Price(s)
Volume(s)
£Nil
26,546
d)
Aggregated information
N/A single transaction
Aggregated volume
N/A single transaction
Price
N/A single transaction
e)
Date of the transaction
17 March 2025
f)
Place of the transaction
Outside a trading venue (XOFF)
1
Details of the person discharging managerial responsibilities / person closely associated
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Diversified Energy Company PLC
b)
LEI
213800YR9TFRVHPGOS67
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Bonus award of performance share units and restricted stock units constituting a right to acquire Ordinary Shares of 20p each
Identification code
GB00BQHP5P93
b)
Nature of the transaction
Vesting of performance share units and restricted stock units under the Company's equity incentive plan
