Ovintiv CEO awarded 1,271 dividend RSUs
McCracken Brendan Michael reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
McCracken Brendan Michael reported acquisition or exercise transactions in this Form 4 filing.
Ovintiv Inc.’s President & CEO Brendan Michael McCracken received a grant of 1,271 Restricted Share Units (RSUs) tied to common stock. These RSUs were issued as dividend equivalent units for the second quarter of 2026 rather than in cash.
Each RSU is economically equal to one Ovintiv common share and will vest and become exercisable under the company’s Omnibus Incentive Plan and the related grant agreement, subject to his continued employment. After this award, his reported directly held RSU-type units increased to 226,748.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 1,271 | $0.00 | $0.00 |
Footnotes (2)
- 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, subject to the grantee's continued employment with Ovintiv through the applicable exercise date.
- F2. Dividend equivalent RSUs received in lieu of cash dividends for the second quarter of 2026.
Key Figures
Key Terms
dividend equivalent RSUs financial
Omnibus Incentive Plan financial
grant, award, or other acquisition financial
FAQ
What insider transaction did Ovintiv (OVV) report for its CEO?
How many RSU-type units does Ovintiv’s CEO hold after this Form 4?
Why did Ovintiv’s CEO receive dividend equivalent RSUs for Q2 2026?
How do the Ovintiv CEO’s RSUs vest under the Omnibus Incentive Plan?
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