Ovintiv CEO Brendan McCracken Receives 103,125 RSUs

What Happened Brendan McCracken, President & CEO and a director of Ovintiv Inc. (OVV), received three restricted stock unit (RSU) awards on March 5, 2026 — 34,375 RSUs each, for a total of 103,125 RSUs. Each award is recorded as a derivative grant with a $0 per‑share acquisition price (no cash paid). These are grants/awards (transaction code A), not open‑market purchases or sales.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (filed within required 2 business days).
• Grants: 3 awards × 34,375 RSUs = 103,125 RSUs; reported acquisition price: $0.00 (derivative award).
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: Each RSU is the economic equivalent of one Ovintiv common share and yields dividend equivalent RSUs. Vesting/conversion to shares occurs on the exercise date per the Omnibus Incentive Plan and grant agreement, and is subject to continued employment.
• Transaction type code: A = Award/Grant (derivative).

Context RSUs are compensation awards that convert into shares (or cash equivalent) only when they vest or are exercised; they do not represent an immediate open‑market purchase or sale. Such grants are a routine form of executive pay and do not by themselves indicate the insider is buying or selling stock for personal investment reasons. When RSUs vest, they may be subject to tax withholding (often via share withholding) and will then increase the insider's share ownership.