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Ovintiv Inc.·4

Mar 11, 5:12 PM ET

Moore Rachel Maureen 4

4 · Ovintiv Inc. · Filed Mar 11, 2026

Research Summary

AI-generated summary of this filing

Updated

Ovintiv (OVV) EVP Rachel Moore Exercises Awards, Sells Shares for Taxes

What Happened

  • Rachel Maureen Moore, EVP, Corporate Services at Ovintiv, had equity awards (RSUs/PSUs) vest/settle on March 9–10, 2026. A total of 29,149 shares were issued upon conversion (10,042 on Mar 9, 12,053 on Mar 9, and 7,054 on Mar 10). To satisfy tax withholding and payment obligations, 20,261 shares were withheld or surrendered to the issuer (4,821 @ $52.46 = $252,910; 12,053 @ $52.46 = $632,300; 3,387 @ $52.92 = $179,240), totaling $1,064,450. That left a net issuance to Moore of 8,888 shares (29,149 settled − 20,261 withheld).

Key Details

  • Transaction dates and prices: Mar 9, 2026 (settlements priced at $52.46 per share) and Mar 10, 2026 (priced at $52.92 per share). Prices reflect CAD settlement converted to USD per footnote.
  • Share counts: 29,149 shares settled; 20,261 shares withheld/surrendered; net ~8,888 shares issued to the insider.
  • Footnotes: RSUs and PSUs convert one-for-one into common stock; PSUs were settled at a performance multiplier of 84%; settlement prices were in CAD (CAD$71.21 on Mar 9; CAD$71.80 on Mar 10) and converted to USD using the Bank of Canada rate; withholding by Ovintiv satisfied tax obligations.
  • Transaction types/codes: M = exercise/conversion of derivative (RSU/PSU settlement); F = payment of exercise price or tax liability (shares withheld); D = disposition to issuer.
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Filing timeliness: Form 4 filed Mar 11, 2026 for transactions on Mar 9–10, 2026 — no late filing indicated.

Context

  • These transactions are routine compensation settlements (RSUs/PSUs) rather than open-market purchases or sales. The company withheld/surrendered shares to cover tax obligations and exercise-related payments (a common cashless approach), so the disposition of shares reflects tax/administrative mechanics, not an independent sale to a third party.

Insider Transaction Report

Form 4
Period: 2026-03-09
Ovintiv Inc.OVV
Moore Rachel Maureen
EVP, Corporate Services
Transactions
  • Exercise/Conversion

    Common Stock

    [F4][F5]
    2026-03-09+10,042→ 81,437 total
  • Tax Payment

    Common Stock

    [F7][F6]
    2026-03-09$52.46/sh−4,821$252,910→ 76,616 total
  • Exercise/Conversion

    Common Stock

    [F8][F9]
    2026-03-09+12,053→ 88,669 total
  • Disposition to Issuer

    Common Stock

    [F3][F6]
    2026-03-09$52.46/sh−12,053$632,300→ 76,616 total
  • Exercise/Conversion

    Common Stock

    [F4][F5]
    2026-03-10+7,054→ 83,670 total
  • Tax Payment

    Common Stock

    [F7][F6][F10]
    2026-03-10$52.92/sh−3,387$179,240→ 80,283 total
  • Exercise/Conversion

    Restricted Share Unit

    [F1]
    2026-03-09−10,042→ 44,359 total
    From: 2026-03-09Exp: 2026-03-09→ Common Stock (10,042 underlying)
  • Exercise/Conversion

    Performance Share Unit

    [F2][F3]
    2026-03-09−12,053→ 0 total
    From: 2026-03-09Exp: 2026-03-09→ Common Stock (12,053 underlying)
  • Exercise/Conversion

    Restricted Share Unit

    [F1]
    2026-03-10−7,054→ 37,306 total
    From: 2026-03-10Exp: 2026-03-10→ Common Stock (7,054 underlying)
Holdings

  • Common Stock

    (indirect: RRSP)
    9,022
Footnotes (10)
  • [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.
  • [F10]Includes Ovintiv common stock acquired through reinvested dividends and employee matching not previously reported.
  • [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]The RSUs and PSUs settled in Canadian dollars at a price of CAD$71.21 per RSU or PSU on March 9, 2026 and CAD$71.80 per RSU on March 10, 2026. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
  • [F7]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.
  • [F8]Represents the settlement upon vesting of PSUs.
  • [F9]PSUs convert into Ovintiv common stock on a one-for-one basis.
Signature
/s/Dawna Gibb, by Power of Attorney|2026-03-11

Documents

1 file
  • 4
    ownership.xmlPrimary

    4