NANCE STEVEN W 4

What Happened

• Steven W. Nance, a director of Ovintiv Inc. (OVV), had 5,704 restricted share units (RSUs) settle/vest on May 21, 2026. The RSUs converted into 5,704 shares of Ovintiv common stock (one-for-one conversion). The filing shows an award/acquisition of 5,704 shares at $0.00 and a simultaneous derivative conversion/settlement resulting in a disposal of 5,704 shares at $0.00 — indicating an internal settlement/withholding rather than an open‑market sale. No cash proceeds are reported.

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 26, 2026 (filed 5 days after the transaction; later than the usual 2-business‑day Section 16 reporting window).
• Transactions reported: Award/acquisition of 5,704 RSUs (code A, $0.00) and conversion/settlement of 5,704 RSUs into shares (codes M, $0.00); disposal of 5,704 shares recorded at $0.00 (derivative settlement/withholding).
• Reported value: $0.00 proceeds shown — this reflects internal settlement/withholding, not an open-market sale.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: RSUs are economic equivalents of one share, yield dividend equivalents, settle upon vesting, and convert one‑for‑one into common stock (Footnotes F1–F4).

Context

• This appears to be a routine RSU vesting and settlement event (common for executive/director compensation). The disposal recorded at $0.00 typically indicates shares were withheld or net‑settled to satisfy tax or similar obligations, not a market sale that would signal immediate cashing‑out.
• For retail investors, awards/vests followed by withholding are standard compensation mechanics and do not necessarily indicate a change in insider sentiment.