Ovintiv director exercises 5,704 RSUs, gets new grant

Ovintiv Inc. director Steven W. Nance reported equity compensation activity involving Restricted Share Units (RSUs) and common stock.

Rhea-AI Filing Summary

Ovintiv Inc. director Steven W. Nance reported equity compensation activity involving Restricted Share Units (RSUs) and common stock. On May 21, 2026, he exercised 5,704 RSUs, which settled into 5,704 shares of Ovintiv common stock, increasing his direct common stock holdings to 42,336 shares.

The same day, he received a new grant of 5,704 RSUs, each economically equivalent to one Ovintiv common share and providing dividend-equivalent RSUs. These RSUs vest and convert into common stock on a one-for-one basis under Ovintiv’s Omnibus Incentive Plan and the applicable grant agreement.

Insider Trade Summary

5,704 shares exercised/converted

Exercise 3 txns

Insider NANCE STEVEN W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit	5,704	$0.00	$0.00
Exercise	Restricted Share Unit	5,704	$0.00	$0.00
Exercise	Common Stock	5,704	$0.00	$0.00

Holdings After Transaction: Restricted Share Unit — 0 contracts (Direct); Common Stock — 42,336 shares (Direct)

Footnotes (4)

1. 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 and exercise will occur in accordance with the Omnibus Incentive Plan and the applicable grant agreement and on the same schedule as the underlying RSUs.
2. F2. Each RSU is the economic equivalent of one share of Ovintiv common stock and yields dividend equivalent RSUs.
3. F3. Represents the settlement upon vesting of RSUs.
4. F4. RSUs convert into Ovintiv common stock on a one-for-one basis.

Key Figures

RSUs exercised: 5,704 RSUs Common shares received from RSUs: 5,704 shares Common shares held after transactions: 42,336 shares +3 more

6 metrics

RSUs exercised 5,704 RSUs Exercised into common stock on May 21, 2026

Common shares received from RSUs 5,704 shares Settlement of vested RSUs into Ovintiv common stock

Common shares held after transactions 42,336 shares Direct Ovintiv common stock holdings following Form 4 transactions

New RSU grant 5,704 RSUs Grant coded as acquisition on May 21, 2026

RSU-to-share conversion ratio 1:1 RSUs convert into Ovintiv common stock on a one-for-one basis

RSU exercise price $0.00 per unit Conversion or exercise price for RSUs reported as 0.0000

Key Terms

Restricted Share Unit, dividend equivalent RSUs, Omnibus Incentive Plan, settlement upon vesting, +1 more

5 terms

Restricted Share Unit financial

"Each Restricted Share Unit ("RSU") is the economic equivalent of one share of common stock of Ovintiv Inc."

A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.

dividend equivalent RSUs financial

"Each Restricted Share Unit ("RSU") is the economic equivalent of one share of common stock ... and yields dividend equivalent RSUs."

Omnibus Incentive Plan financial

"Vesting and exercise will occur in accordance with the Omnibus Incentive Plan and the applicable grant agreement"

An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.

settlement upon vesting financial

"Represents the settlement upon vesting of RSUs."

convert into Ovintiv common stock financial

"RSUs convert into Ovintiv common stock on a one-for-one basis."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Ovintiv (OVV) director Steven W. Nance report?

Steven W. Nance reported exercising 5,704 Restricted Share Units into 5,704 Ovintiv common shares and receiving a new grant of 5,704 RSUs. These changes reflect routine equity compensation activity rather than open-market buying or selling of Ovintiv stock.

How many Ovintiv (OVV) common shares does Steven W. Nance hold after this Form 4?

After these transactions, Steven W. Nance directly holds 42,336 shares of Ovintiv common stock. This increase reflects settlement of 5,704 RSUs into shares, as disclosed, and does not include future shares that could be issued from newly granted RSUs.

What are Restricted Share Units (RSUs) in the Ovintiv (OVV) Form 4 for Steven W. Nance?

The RSUs are awards economically equivalent to one Ovintiv common share each and provide dividend-equivalent RSUs. They vest and convert into common stock on a one-for-one basis under Ovintiv’s Omnibus Incentive Plan and the applicable grant agreement schedule described in the filing footnotes.

Did Steven W. Nance buy or sell Ovintiv (OVV) shares on the market in this Form 4?

No open-market purchases or sales are reported. The Form 4 shows an exercise of 5,704 RSUs into common stock and a new grant of 5,704 RSUs, both classified as derivative exercise/conversion or grant transactions, not as market trades.

How many Restricted Share Units does Steven W. Nance hold after the Ovintiv (OVV) Form 4?

Following settlement of one RSU award and the grant of a new one, Steven W. Nance holds 5,704 Restricted Share Units. These RSUs will vest and convert into Ovintiv common stock on a one-for-one basis according to the Omnibus Incentive Plan and related grant terms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 05:22 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NANCE STEVEN W

(Last) (First) (Middle)

C/O 370 17TH STREET, SUITE 1700

(Street)

DENVER COLORADO 80202

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ovintiv Inc. [ OVV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/21/2026		M(3)		5,704	A	(4)	42,336	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Unit	(1)	05/21/2026		A		5,704		05/21/2026	05/21/2026	Common Stock	5,704	$0	5,704	D
Restricted Share Unit	(2)	05/21/2026		M			5,704	05/21/2026	05/21/2026	Common Stock	5,704	$0	0	D

Explanation of Responses:

1. 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 and exercise will occur in accordance with the Omnibus Incentive Plan and the applicable grant agreement and on the same schedule as the underlying RSUs.

2. Each RSU is the economic equivalent of one share of Ovintiv common stock and yields dividend equivalent RSUs.

3. Represents the settlement upon vesting of RSUs.

4. RSUs convert into Ovintiv common stock on a one-for-one basis.

	/s/Dawna Gibb, by Power of Attorney	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)