Business
Vesting Restricted Stock & PDMR Share Dealing
Vesting Restricted Stock & PDMR Share Dealing.
About this update from Diversified Energy Company
[{"type":"text","content":"\n\n3 July 2023\n \nDiversified Energy Company PLC\n(\"DEC\" or the \"Company\")\n \nVesting of Restricted Stock Units and PDMR Share Dealings\n \nDiversified Energy Company PLC (LSE: DEC), announces the vesting of 125,000 Restricted Stock Units (\"RSUs\") previously issued under the Company's equity incentive plan (the \"Plan\") to Benjamin Sullivan, Executive Vice President, General Counsel and Corporate Secretary.\n \nTo settle the award, the Company will transfer 59,562 ordinary shares of £0.01 each (net of withholding tax) from its Employee Benefit Trust (the \"EBT\")(a). As disclosed in the Company's 2022 Annual Report, Diversified established the trust to eliminate dilution from vesting events under the Group's share based incentive plans.\n\nMr. Sullivan now holds 616,280 shares in the Company, representing 0.06% of the Company's issued share capital.\n \n\n\n\n\na)\n\n\nDiversified's Employee Benefit Trust is operated by a third-party entity.\n\n\n\n\n \nFor further information, please contact:\n\n\n\n\nDiversified Energy Company PLC\n\n\n+1 973 856 2757\n\n\n\n\nDoug Kris, Vice President, Investor Relations\n\n\n \n\n\n\n\nwww.div.energy\n\n\n \n\n\n\n\[email protected]\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nFTI Consulting\n\n\n \n\n\n\n\nUS & UK Financial Public Relations\n\n\n \n\n\n\n\[email protected]\n\n\n \n\n\n\n\n \n \nAbout Diversified Energy Company PLC\nDiversified Energy Company PLC is an independent energy company engaged in the production, marketing, transportation and retirement of primarily natural gas related to its US onshore upstream and midstream assets.\n \n \nNOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM\n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\nBenjamin Sullivan\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition/status\n\n\nExecutive Vice President, General Counsel and Corporate Secretary\n\n\n\n\nb)\n\n\nInitial notification/Amendment\n\n\nInitial notification\n\n\n\n\n3\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction m...