Pita George 4

What Happened

• Pita George, a director of Ovintiv Inc. (OVV), had 3,510 restricted stock units (RSUs) settle upon vesting on May 21, 2026. The RSUs converted into 3,510 shares of common stock (reported as an exercise/conversion). A matching disposition of 3,510 shares was reported at $0.00, consistent with shares being withheld or surrendered as part of the settlement (no cash purchase recorded).

Key Details

• Transaction date: May 21, 2026 (Form filed May 26, 2026)
• Transactions reported: Award/Grant (A) of 3,510 RSUs; Exercise/Conversion (M) of 3,510 RSUs into 3,510 shares; Disposition (M) of 3,510 shares — all reported at $0.00 (derivative settlement)
• Shares owned after the transaction: not specified in the provided filing details
• Relevant footnotes: RSUs are economic equivalents to one share, yield dividend-equivalent RSUs, settle upon vesting, and convert one-for-one into common stock (see F1–F4)
• No purchase price or market-sale proceeds reported — transaction appears to be an award settlement rather than an open-market sale

Context

• This appears to be a routine director compensation event: RSUs vested and converted to stock, with the same number of shares reported as disposed (commonly done to cover tax withholding obligations). Such derivative/RSU settlements are standard compensation actions and do not necessarily signal the insider’s buy/sell market view.