Hill Gregory P. 4

What Happened Gregory P. Hill, a director of Ovintiv Inc. (OVV), had 3,218 restricted share units (RSUs) settle upon vesting on May 21, 2026. The RSUs converted into 3,218 shares of Ovintiv common stock on a one-for-one basis (grant/award code A and conversion/exercise code M). Immediately after conversion, 3,218 shares were recorded as disposed at $0.00, consistent with net settlement or shares withheld to satisfy tax withholding obligations; no sale proceeds were reported.

Key Details

• Transaction date: 2026-05-21 (reported on Form 4 filed 2026-05-26).
• Transactions: 3,218 RSUs vested/settled (A/M); converted one-for-one into common shares (F3, F4) and 3,218 shares were disposed at $0.00.
• Price/Value: Award and disposal reported at $0.00 (no cash proceeds shown).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: RSUs are economic equivalents of common shares, yield dividend equivalent RSUs, and convert one-for-one upon vesting (F1–F4).
• Timeliness: Filing occurred five days after the transaction date; Section 16 insiders typically must file within two business days, so this may represent a late filing.

Context This was a vesting/settlement of equity awards (RSUs), not an open-market purchase or sale. Disposition at $0.00 most commonly reflects shares withheld or surrendered to cover tax withholding rather than a market sale — such transactions are routine compensation events and do not necessarily indicate a change in insider sentiment.