Eilers Meghan Nicole 4

4 · Ovintiv Inc. · Filed Mar 11, 2026

AI-generated summary of this filing

Updated Mar 12, 2026

Ovintiv EVP Meghan Eilers Exercises Awards, Withholds 22,864 Shares

What Happened

Meghan Nicole Eilers, EVP, Marketing & Media and General Counsel at Ovintiv (OVV), had equity awards settle on March 9–10, 2026. She received a total of 37,536 shares from the exercise/conversion/settlement of RSUs and PSUs (13,257 + 15,421 + 8,858).
To cover tax withholding and settlement obligations, Ovintiv withheld/surrendered 22,864 of those shares: 3,957 shares withheld on 2026-03-09 ($52.07 per share, $206,041), 15,421 shares surrendered to the issuer on 2026-03-09 ($52.07 per share, $802,971), and 3,486 shares withheld on 2026-03-10 ($52.62 per share, $183,433). Total value of the withheld/surrendered shares ≈ $1,192,445.
These transactions were the settlement of RSUs/PSUs (no open-market purchase). Some Form 4 lines show $0 for the derivative conversion entries, reflecting conversion of awards into common stock.

Key Details

Dates and prices: March 9–10, 2026; withholding/surrender prices reported at $52.07 and $52.62 per share.
Shares acquired on settlement: 37,536 (13,257; 15,421; 8,858). Shares disposed/withheld: 22,864 (3,957; 15,421; 3,486).
Total value of shares withheld/surrendered ≈ $1.19M.
Relevant footnotes: RSUs convert one-for-one into common stock; PSUs were settled based on a performance multiplier of 84%; company withheld shares to satisfy tax withholding obligations.
Transaction codes: M = exercise/conversion of derivative awards; F = payment of exercise price/tax withholding; D = disposition to issuer. Filing was submitted 2026-03-11 for transactions on 2026-03-09–03-10 (filed timely per Form 4 rules).

Context

This was an equity award settlement with shares withheld/surrendered to satisfy taxes and other obligations (a routine, non–open-market action), not a purchased investment or a discretionary stock sale into the market.
PSUs were partially paid out at 84% of target (per footnote). Withholding/surrender of shares to cover taxes is common and does not necessarily indicate a change in insider sentiment.

Form 4

Period: 2026-03-09

EVP, M&M & GC

Transactions

Exercise/Conversion
Common Stock
[F4][F5]
2026-03-09+13,257→ 54,520 total
Tax Payment
Common Stock
[F6]
2026-03-09$52.07/sh−3,957$206,041→ 50,563 total
Exercise/Conversion
Common Stock
[F7][F8]
2026-03-09+15,421→ 65,984 total
Disposition to Issuer
Common Stock
[F3]
2026-03-09$52.07/sh−15,421$802,971→ 50,563 total
Exercise/Conversion
Common Stock
[F4][F5]
2026-03-10+8,858→ 59,421 total
Tax Payment
Common Stock
[F6]
2026-03-10$52.62/sh−3,486$183,433→ 55,935 total
Exercise/Conversion
Restricted Share Unit
[F1]
2026-03-09−13,257→ 55,320 total
From: 2026-03-09Exp: 2026-03-09→ Common Stock (13,257 underlying)
Exercise/Conversion
Performance Share Unit
[F2][F3]
2026-03-09−15,421→ 0 total
From: 2026-03-09Exp: 2026-03-09→ Common Stock (15,421 underlying)
Exercise/Conversion
Restricted Share Unit
[F1]
2026-03-10−8,858→ 46,462 total
From: 2026-03-10Exp: 2026-03-10→ Common Stock (8,858 underlying)

Holdings

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

1 file