Givens Gregory Dean 4

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.