Moore Rachel Maureen 4

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.