Understanding PDMR Shareholdings and Recent Changes
Overview of PDMR Shareholdings
Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) has recently completed the vesting of Performance Stock Units (PSUs) and Restricted Stock Units (RSUs) awarded to individuals within the company's senior management, which impacts their holdings of Ordinary Shares. Understanding these changes can provide insights into the company's strategic direction and management's confidence in its future performance.
Senior Management's Awards
Key Individuals Involved
The management team that received PSUs and RSUs includes prominent figures such as Rusty Hutson, Jr., the Co-Founder and CEO; Bradley Gray, the President and CFO; and Benjamin Sullivan, who serves as the Senior Executive Vice President, Chief Legal & Risk Officer, and Corporate Secretary. These individuals play critical roles in steering the direction of the company.
Rusty Hutson, Jr.'s awards consisted solely of PSUs, while both Bradley Gray and Benjamin Sullivan received a combination of PSUs and RSUs. This mix showcases the company's approach to incentivizing its leadership through performance-related stock awards.
Details of the Awards
The company will allocate Ordinary Shares to settle these awards, which are adjusted to accommodate standard withholdings, including taxes. Understanding how many shares are being awarded is crucial for assessing the executives' stakes within the company. Here is a summary of the net awards:
- Rusty Hutson, Jr.: 42,007 shares, totaling 1,276,141 post-award shares, representing 1.58% of the issued share capital.
- Bradley Gray: 26,546 shares, totaling 192,131 post-award shares, accounting for 0.24% of the issued shares.
- Benjamin Sullivan: 21,902 shares, totaling 62,319 post-award shares, corresponding to 0.08% of the issued shares.
Company's Strategy and Sustainability
Diversified Energy Company PLC is recognized for its innovative approach, focusing on the sustainable production, transportation, marketing, and retirement of natural gas and liquids assets. The vested share awards for these senior executives underscore the company's commitment to responsible energy practices.
Long-term Incentives and Shareholder Value
According to the company's last Annual Report, the 2022 long-term incentive plan aims to align the interests of its leadership with those of shareholders. By incentivizing executives through stock options, the company promotes a culture of performance and accountability. This plan can enhance operational performance, ultimately benefiting shareholders through increased value.
Contact Information
For any inquiries or further details, you can reach out to Diversified Energy Company PLC directly:
- Phone: +1 973 856 2757
- Email: dkris@dgoc.com
- Website: www.div.energy
About Diversified Energy Company PLC
Diversified is a leading energy firm, committed to the safe production and distribution of gas and liquids. The company intends to foster sustainable practices throughout the lifecycle of its assets, from acquisition through to environmentally friendly retirement. Recognized for its responsible stewardship and operational excellence, Diversified remains poised to navigate the energy landscape effectively, generating significant free cash flow and promoting long-term shareholder value.
Frequently Asked Questions
What does PDMR stand for?
PDMR stands for Persons Discharging Managerial Responsibilities, referring to individuals in senior positions within a company who are involved in its management or oversight.
What are PSU and RSU?
Performance Stock Units (PSUs) and Restricted Stock Units (RSUs) are types of equity awards given to company executives as part of their compensation packages, aligned with performance metrics and company goals.
How does vesting affect shareholdings?
Vesting means that the awarded shares become fully owned by the executive. This impacts their shareholding stake and can influence their incentive to drive company performance.
Why is this important for shareholders?
The management's stake in the company through shares can indicate their confidence and commitment to the company's future growth, which can impact overall shareholder value.
How can I get more information about the company?
Interested individuals can visit the company's official website or contact them directly via the provided phone or email for more details about their operations and investment opportunities.
About The Author
Contact Dominic Sanders privately here. Or send an email with ATTN: Dominic Sanders as the subject to contact@investorshangout.com.
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