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Ovintiv Inc.·4

Mar 11, 5:06 PM ET

Givens Gregory Dean 4

4 · Ovintiv Inc. · Filed Mar 11, 2026

Research Summary

AI-generated summary of this filing

Updated

Ovintiv EVP/COO Gregory Givens Exercises Awards, Sells Shares

What Happened
Gregory Dean Givens, EVP & COO of Ovintiv Inc. (OVV), had restricted share units (RSUs) and performance share units (PSUs) settle on March 9–10, 2026, resulting in the conversion/acquisition of 71,073 shares. Of those, Ovintiv withheld or received a total of 46,674 shares to satisfy tax and issuance obligations, producing cash proceeds of about $2,433,670 (three withholding/issuance transactions: $1,605,995, $506,693, and $320,982). The underlying conversions of RSUs/PSUs were reported as derivative exercises/conversions (code M) and share-withholding/tax payments were reported under F and D codes.

Key Details

  • Transaction dates: March 9–10, 2026; Form 4 filed March 11, 2026 (appears timely).
  • Shares acquired via conversion: 24,728 + 30,843 + 15,502 = 71,073 shares (RSUs and PSUs).
  • Shares withheld/disposed to issuer: 30,843 shares at $52.07 = $1,605,995 (D); tax withholding disposals: 9,731 @ $52.07 = $506,693 and 6,100 @ $52.62 = $320,982 (F). Total cash value ≈ $2,433,670.
  • Footnotes: PSUs settled at an 84% performance multiplier (F3). RSUs and PSUs convert one-for-one into common stock and include dividend equivalents (F1–F8). F6 indicates shares were withheld by Ovintiv to satisfy tax withholding.
  • Shares owned after the transactions are not specified in the provided excerpt.

Context
These transactions reflect awards vesting and net settlement rather than an open-market sale or purchase. The conversions of RSUs/PSUs into common stock (derivative exercise/conversion) followed by share withholding to cover taxes/issuance are routine executive compensation events. The filing shows no indication of a late report in the provided data.

Insider Transaction Report

Form 4
Period: 2026-03-09
Ovintiv Inc.OVV
Givens Gregory Dean
EVP & COO
Transactions
  • Exercise/Conversion

    Common Stock

    [F4][F5]
    2026-03-09+24,728→ 130,595 total
  • Tax Payment

    Common Stock

    [F6]
    2026-03-09$52.07/sh−9,731$506,693→ 120,864 total
  • Exercise/Conversion

    Common Stock

    [F7][F8]
    2026-03-09+30,843→ 151,707 total
  • Disposition to Issuer

    Common Stock

    [F3]
    2026-03-09$52.07/sh−30,843$1,605,995→ 120,864 total
  • Exercise/Conversion

    Common Stock

    [F4][F5]
    2026-03-10+15,502→ 136,366 total
  • Tax Payment

    Common Stock

    [F6]
    2026-03-10$52.62/sh−6,100$320,982→ 130,266 total
  • Exercise/Conversion

    Restricted Share Unit

    [F1]
    2026-03-09−24,728→ 93,373 total
    From: 2026-03-09Exp: 2026-03-09→ Common Stock (24,728 underlying)
  • Exercise/Conversion

    Performance Share Unit

    [F2][F3]
    2026-03-09−30,843→ 0 total
    From: 2026-03-09Exp: 2026-03-09→ Common Stock (30,843 underlying)
  • Exercise/Conversion

    Restricted Share Unit

    [F1]
    2026-03-10−15,502→ 77,871 total
    From: 2026-03-10Exp: 2026-03-10→ Common Stock (15,502 underlying)
Holdings

  • Common Stock

    [F9]
    (indirect: By 401(k))
    2,813
Footnotes (9)
  • [F1]Each Restricted Share Unit ("RSU") is the economic equivalent of one share of common stock of Ovintiv Inc. ("Ovintiv") and yields dividend equivalent RSUs. Vesting will occur on the exercise date in accordance with the Omnibus Incentive Plan and applicable grant agreement, and subject to the grantee's continued employment with Ovintiv through the applicable exercise date.
  • [F2]Each Performance Share Unit ("PSU") is settled based on the achievement of certain performance criteria, is the economic equivalent of one share of common stock of Ovintiv and yields dividend equivalent PSUs.
  • [F3]Settlement of the PSUs was based on a performance criteria multiplier of 84 percent.
  • [F4]Represents the settlement upon vesting of RSUs.
  • [F5]RSUs convert into Ovintiv common stock on a one-for-one basis.
  • [F6]Reporting the withholding by Ovintiv of shares of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs or PSUs, as applicable) to satisfy payment of tax withholding obligations.
  • [F7]Represents the settlement upon vesting of PSUs.
  • [F8]PSUs convert into Ovintiv common stock on a one-for-one basis.
  • [F9]Includes Ovintiv common stock acquired through reinvested dividends and employee matching not previously reported.
Signature
/s/Dawna Gibb, by Power of Attorney|2026-03-11

Documents

1 file
  • 4
    ownership.xmlPrimary

    4