RICKS THOMAS G 4

What Happened
Thomas G. Ricks, a director of Ovintiv Inc. (OVV), had 3,510 restricted share units (RSUs) settle on May 21, 2026. The RSUs converted into 3,510 shares of Ovintiv common stock (reported as an award/acquisition at $0.00). The filing also reports a simultaneous conversion/disposition of 3,510 shares at $0.00 (reported as an exercise/conversion disposed). Reported dollar proceeds for the transactions are $0 (derivative settlement).

Key Details

• Transaction date(s): May 21, 2026 (reported on Form 4 filed May 26, 2026). The filing appears to have been made one business day after the two-business-day Form 4 deadline.
• Reported items: A grant/award (A) of 3,510 RSUs @ $0.00 (acquired) and exercise/conversion (M) entries reflecting acquisition and simultaneous disposition of 3,510 shares @ $0.00.
• Monetary value shown on the Form 4: $0 (derivative/RSU settlement). No cash purchase or open-market sale proceeds reported.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: Filings state each RSU is economically equivalent to one share, yields dividend-equivalent RSUs, settles upon vesting, and converts one-for-one into common stock.

Context
These entries reflect RSU vesting and conversion into common stock (derivative settlement). The simultaneous disposition at $0.00 typically corresponds to net settlement or withholding mechanics tied to RSU vesting (consistent with the filing’s footnotes stating settlement upon vesting), but the Form 4 does not include separate sale proceeds. This is not an open-market purchase or sale intended to signal a directional bet by the insider.