Form 4: Director Resigns from Diversified Energy Board
Insider Transaction Report
Randall S. Wade resigned from Diversified Energy Company's Board of Directors, resulting in the forfeiture of 10,187 restricted stock units.
Summary
- Randall S. Wade resigned from the Board of Directors of Diversified Energy Company (DEC) on January 23, 2026.
- In connection with his resignation, 10,187 outstanding restricted stock units (RSUs) held by Mr. Wade were forfeited.
- Mr. Wade indirectly beneficially owns 7,501,585 shares of Common Stock through various EIG Funds, disclaiming beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The filing reports a director's resignation and the associated forfeiture of restricted stock units, which is a neutral event in terms of company performance or outlook.
Negatives
- Randall S. Wade's resignation from the Board of Directors on January 23, 2026.
- Forfeiture of 10,187 restricted stock units by the reporting person upon resignation.
Future Outlook
NA
Industry Context
NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Randall S. Wade | NA | 01/23/2026 | Resignation from the Board of Directors. |
Stakeholder Impact
- Shareholders: Provides transparency regarding changes in the company's board composition and insider equity holdings.
Key Dates
| Date | Description |
|---|---|
| 01/23/2026 | Randall S. Wade resigned from the Board of Directors of Diversified Energy Company, leading to the forfeiture of 10,187 restricted stock units. |
| 01/26/2026 | Date of filing signature by Benjamin Sullivan, Attorney-in-Fact. |
Keywords
Diversified Energy Co, DEC, Form 4, Director Resignation, Restricted Stock Units, Forfeiture, Beneficial Ownership, Insider Transaction
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