Diversified Energy CEO and CFO Vest 108,725 Shares, Boost Holdings to 1.82% and 0.31%
Diversified Energy Company has transferred 108,725 net shares from its Employee Benefit Trust as PSUs and RSUs vested for CEO Rusty Hutson Jr (46,548 shares), CFO Bradley Gray (35,659), and CLO Benjamin Sullivan (26,518). Post-award holdings represent 1.82%, 0.31% and 0.12% of issued share capital, reflecting the company’s long-term incentive plan.
1. Vesting of Performance and Restricted Stock Units
On March 16, Diversified Energy Company’s Employee Benefit Trust transferred a total of 108,725 common shares to settle vested performance stock units and restricted stock units awarded to senior management. Rusty Hutson Jr received 46,548 shares, Bradley Gray 35,659 shares, and Benjamin Sullivan 26,518 shares, all at no cost under the equity incentive plan.
2. Post-Award Holdings and Incentive Plan
Following the transfer, Hutson’s ownership rose to 1.82% of issued capital, Gray holds 0.31%, and Sullivan holds 0.12%. These awards form part of the company’s long-term incentive framework designed to align executive interests with shareholder value through deferred equity compensation.