Ovintiv (OVV) director Ralph Izzo settles 3,510 RSUs into shares and gets new grant

Rhea-AI Filing Summary

Ovintiv Inc. director Ralph Izzo reported compensation-related equity activity. On May 21, 2026, 3,510 Restricted Share Units (RSUs) vested and were settled into 3,510 shares of Ovintiv common stock on a one-for-one basis, and he received a new grant of 3,510 RSUs. Following these transactions, he directly holds 20,515 common shares. These were derivative exercises and awards, not open-market purchases or sales.

Insider Trade Summary

Net Buyer: 3,510 shares

Net Buy 3 txns

Insider IZZO RALPH

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit	3,510	$0.00	$0.00
Exercise	Restricted Share Unit	3,510	$0.00	$0.00
Exercise	Common Stock	3,510	$0.00	$0.00

Holdings After Transaction: Restricted Share Unit — 0 shares (Direct); Common Stock — 20,515 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 settled: 3,510 shares New RSU grant: 3,510 RSUs Shares held after transactions: 20,515 shares +2 more

5 metrics

RSUs settled 3,510 shares RSUs converted to Ovintiv common stock on May 21, 2026

New RSU grant 3,510 RSUs Grant/award acquisition on May 21, 2026

Shares held after transactions 20,515 shares Common stock directly held following Form 4 transactions

Exercise/conversion price $0.0000 per unit RSU settlement and new grant terms

Total derivative exercises 3,510 shares Exercise or conversion of derivative security (code M)

Key Terms

Restricted Share Unit, dividend equivalent RSUs, Omnibus Incentive Plan, Grant, award, or other acquisition

4 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") ... 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.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

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

FAQ

What insider transactions did Ovintiv (OVV) director Ralph Izzo report?

Ralph Izzo reported settlement of 3,510 Restricted Share Units into 3,510 Ovintiv common shares and a new grant of 3,510 RSUs. These actions are compensation-related derivative exercises and awards, not open-market buying or selling of stock.

How many Ovintiv (OVV) shares does Ralph Izzo hold after this Form 4?

After these transactions, Ralph Izzo directly holds 20,515 shares of Ovintiv common stock. This reflects the net result of RSU vesting and settlement, alongside a new RSU grant reported in the same filing.

Were any Ovintiv (OVV) shares bought or sold on the open market in this Form 4?

No open-market purchases or sales occurred. The Form 4 shows derivative code M exercises and an A-code grant, reflecting RSU vesting, settlement into common stock, and a new RSU award, all at a stated price of $0.0000 per unit.

What do the Restricted Share Units (RSUs) for Ovintiv (OVV) represent?

Each Ovintiv RSU is the economic equivalent of one share of common stock and converts on a one-for-one basis. The RSUs also yield dividend equivalent RSUs, aligning the award’s value with Ovintiv’s common stock performance over time.

How many RSUs were exercised or converted in this Ovintiv (OVV) Form 4?

A total of 3,510 RSUs were settled upon vesting and converted into 3,510 Ovintiv common shares. The filing also reports a new grant of 3,510 RSUs with the same one-for-one share equivalence.

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^*

IZZO RALPH

(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)		3,510	A	(4)	20,515	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		3,510		05/21/2026	05/21/2026	Common Stock	3,510	$0	3,510	D
Restricted Share Unit	(2)	05/21/2026		M			3,510	05/21/2026	05/21/2026	Common Stock	3,510	$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)