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Pin to quick picksDiversified Energy Regulatory News (DEC)

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Director/PDMR Shareholding

22 Mar 2024 07:00

RNS Number : 8763H
Diversified Energy Company PLC
22 March 2024
 

March 22, 2024

 

Diversified Energy Company PLC

("Diversified," or the "Company")

 

PDMR Shareholdings

 

Diversified Energy Company PLC (LSE: DEC; NYSE: DEC), announces the vesting of certain Performance Share Units ("PSUs") and Restricted Stock Units ("RSUs") 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 2021 long-term incentive plan program within its Annual Report for the year ended December 31, 2023 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

18,989

1,226,634

2.58%

Bradley Gray

15,638

162,585

0.34%

Benjamin Sullivan

9,603

40,417

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

18,989

d)

Aggregated information

N/A single transaction

 

Aggregated volume

N/A single transaction

 

Price

N/A single transaction

e)

Date of the transaction

19 March 2024

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

15,638

d)

Aggregated information

N/A single transaction

 

Aggregated volume

N/A single transaction

 

Price

N/A single transaction

e)

Date of the transaction

19 March 2024

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

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 and restricted stock units under the Company's equity incentive plan

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

 

£Nil

9,603

d)

Aggregated information

N/A single transaction

 

Aggregated volume

N/A single transaction

 

Price

N/A single transaction

e)

Date of the transaction

19 March 2024

f)

Place of the transaction

Outside a trading venue (XOFF)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFFFVLVTILFIS
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26th Apr 20247:01 amRNSHolding(s) in Company
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