Ovintiv Inc. (NYSE: OVV) director vests 3,505 RSUs, withholds shares
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,766 shares
Net Buy
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 shares (Direct);
Common Stock — 8,245 shares (Direct)
Footnotes (7)
- 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.
- F2. Each RSU is the economic equivalent of one share of Ovintiv common stock and yields dividend equivalent RSUs.
- F3. Represents the settlement upon vesting of RSUs.
- F4. RSUs convert into Ovintiv common stock on a one-for-one basis.
- 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.
- 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.
- 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
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.
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.