Eilers Meghan Nicole 4

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.