Diversified Energy Company has adopted a new Executive Severance Plan, effective December 31, 2025, offering enhanced severance benefits to its Chief Executive Officer $(CEO)$ and Chief Financial Officer $(CFO)$ in the event of qualifying terminations. Under the plan, if the CEO or CFO is terminated without cause or resigns with good reason outside a designated "Protection Period," the CEO will receive a lump sum payment equal to two times their base salary and target bonus, 24 months of company-subsidized health coverage, accelerated vesting of time-based equity awards, and pro-rata vesting of performance-based equity awards based on actual results. During the Protection Period—which spans from six months before to 24 months after a change in control—the CEO is eligible for a lump sum of 2.99 times salary and target bonus, a pro-rata target bonus, 36 months of health coverage, and accelerated equity award vesting based on the greater of target or actual performance. Similar provisions apply to the CFO, with slight variations in health coverage duration. All severance benefits are contingent on the execution of a general release of claims and compliance with certain post-employment obligations. Existing agreements are superseded by the new plan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diversified Energy Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-000434), on January 07, 2026, and is solely responsible for the information contained therein.