Ovintiv director settles 3,505 RSUs into shares

Ovintiv Inc. director Sippy Chhina reported equity compensation activity on May 21, 2026.

Rhea-AI Filing Summary

Ovintiv Inc. director Sippy Chhina reported equity compensation activity on May 21, 2026. Chhina received a grant of 3,505 Restricted Share Units, which were settled one-for-one into 3,505 shares of common stock. Of these, 1,739 shares were withheld by Ovintiv at $82.25 per share to satisfy tax withholding obligations, with the balance delivered as stock-based compensation.

Insider Trade Summary

3,505 shares exercised/converted

Exercise 4 txns

Insider Chhina Sippy

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit	3,505	$0.00	$0.00
Exercise	Restricted Share Unit	3,505	$0.00	$0.00
Exercise	Common Stock	3,505	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,739	$82.25	$143K

Holdings After Transaction: Restricted Share Unit — 0 contracts (Direct); Common Stock — 8,245 shares (Direct)

Footnotes (7)

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.
5. F5. Reporting the withholding by Ovintiv of shares of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs) to satisfy payment of tax withholding obligations.
6. F6. The RSUs settled in Canadian dollars at a price of CAD$82.25 per RSU and is determined based on the volume-weighted average price of one share of Ovintiv common stock as traded on the Toronto Stock Exchange for the five trading days immediately following the end of Ovintiv's Q1 financial reporting blackout on May 13, 2026. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
7. F7. Includes 13 shares of Ovintiv common stock acquired through matching/reinvested dividends not previously reported.

Key Figures

RSUs granted: 3,505 units Shares acquired: 3,505 shares Shares withheld for taxes: 1,739 shares +2 more

5 metrics

RSUs granted 3,505 units Restricted Share Units granted to director Sippy Chhina on May 21, 2026

Shares acquired 3,505 shares Common stock received upon RSU settlement on May 21, 2026

Shares withheld for taxes 1,739 shares Common shares withheld to satisfy tax withholding obligations

Withholding price $82.25 per share Value used for the share withholding disposition

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

Key Terms

Restricted Share Unit, dividend equivalent RSUs, Omnibus Incentive Plan, volume-weighted average price, +1 more

5 terms

Restricted Share Unit financial

"Each Restricted Share Unit (RSU) is the economic equivalent of one share"

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 RSU is the economic equivalent of one share and yields dividend equivalent RSUs"

Omnibus Incentive Plan financial

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

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.

volume-weighted average price financial

"Price is determined based on the volume-weighted average price of one share"

Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.

financial reporting blackout financial

"for the five trading days immediately following the end of Ovintiv's Q1 financial reporting blackout"

FAQ

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

What insider equity transaction did Ovintiv (OVV) report for director Sippy Chhina?

Ovintiv reported that director Sippy Chhina received 3,505 Restricted Share Units, which settled into 3,505 common shares. As part of this settlement, the company withheld 1,739 shares to cover tax obligations, with the remaining shares delivered as stock-based compensation.

How many Ovintiv (OVV) RSUs vested and converted to common stock for Sippy Chhina?

A total of 3,505 RSUs vested and converted into 3,505 shares of Ovintiv common stock. Each RSU is described as economically equivalent to one share and converts on a one-for-one basis into common stock upon settlement.

How many Ovintiv (OVV) shares were withheld for taxes in Sippy Chhina’s Form 4?

Ovintiv withheld 1,739 common shares from Sippy Chhina’s RSU settlement to satisfy tax withholding obligations. These shares were valued at $82.25 per share for the withholding transaction, with the remaining shares credited to the director.

What was the share value used for Ovintiv (OVV) tax withholding on Sippy Chhina’s RSUs?

The tax withholding transaction used a value of $82.25 per share for 1,739 withheld shares. A related note explains that the RSU settlement price was based on a volume-weighted average price calculation and currency conversion methodology.

Do Ovintiv (OVV) RSUs provide dividend equivalents for Sippy Chhina?

Yes. The disclosure states that each Restricted Share Unit is economically equivalent to one Ovintiv share and yields dividend equivalent RSUs. That means additional RSUs can accrue corresponding to dividends paid on Ovintiv common stock.

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

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Accepted by SEC EDGAR 05/26/2026 - 05:16 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^*

Chhina Sippy

(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)		3,505	A	(4)	9,984	D
Common Stock	05/21/2026		F(5)		1,739	D	$82.25(6)	8,245(7)	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		3,505		05/21/2026	05/21/2026	Common Stock	3,505	$0	3,505	D
Restricted Share Unit	(2)	05/21/2026		M			3,505	05/21/2026	05/21/2026	Common Stock	3,505	$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.

5. Reporting the withholding by Ovintiv of shares of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs) to satisfy payment of tax withholding obligations.

6. The RSUs settled in Canadian dollars at a price of CAD$82.25 per RSU and is determined based on the volume-weighted average price of one share of Ovintiv common stock as traded on the Toronto Stock Exchange for the five trading days immediately following the end of Ovintiv's Q1 financial reporting blackout on May 13, 2026. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.

7. Includes 13 shares of Ovintiv common stock acquired through matching/reinvested dividends not previously reported.

	/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)