Ovintiv (OVV) director settles 3,510 RSUs and receives new grant

Rhea-AI Filing Summary

Ovintiv Inc. director Meg Gentle reported routine equity compensation activity. On May 21, 2026, she exercised 3,510 Restricted Share Units (RSUs), which settled into 3,510 shares of Ovintiv common stock on a one-for-one basis. Following this exercise, her direct common stock holdings rose to 32,188 shares.

On the same date, she received a new grant of 3,510 RSUs, each economically equivalent to one share of Ovintiv common stock and eligible for dividend equivalent RSUs. These RSUs vest and convert into common shares under Ovintiv’s Omnibus Incentive Plan and the related grant agreement.

Insider Trade Summary

3,510 shares exercised/converted

Mixed 3 txns

Insider Gentle Meg

Role null

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

Holdings After Transaction: Restricted Share Unit — 3,510 shares (Direct, null); Common Stock — 32,188 shares (Direct, null)

Footnotes (1)

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. Each RSU is the economic equivalent of one share of Ovintiv common stock and yields dividend equivalent RSUs. Represents the settlement upon vesting of RSUs. RSUs convert into Ovintiv common stock on a one-for-one basis.

Key Figures

RSUs exercised: 3,510 units Common shares received from RSUs: 3,510 shares Common shares after transactions: 32,188 shares +3 more

6 metrics

RSUs exercised 3,510 units Restricted Share Units settled into common stock on May 21, 2026

Common shares received from RSUs 3,510 shares One-for-one conversion of RSUs into Ovintiv common stock

Common shares after transactions 32,188 shares Direct Ovintiv common stock holdings following Form 4 transactions

New RSU grant 3,510 units Grant, award, or other acquisition of RSUs on May 21, 2026

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

Exercise price of RSUs $0.00 per unit Conversion or exercise price stated for RSU transactions

Key Terms

Restricted Share Unit, dividend equivalent RSUs, Omnibus Incentive Plan, one-for-one basis

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.

one-for-one basis financial

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

Form 4 Insider Transactions: What Each Field Means →

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^*

Gentle Meg

(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)	32,188	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)

FAQ

What insider transactions did Ovintiv (OVV) director Meg Gentle report?

Meg Gentle reported exercising 3,510 Restricted Share Units into 3,510 Ovintiv common shares and receiving a new grant of 3,510 RSUs. All actions occurred on May 21, 2026, as part of Ovintiv’s Omnibus Incentive Plan.

Did Meg Gentle buy or sell Ovintiv (OVV) stock on the open market?

The filing shows no open-market buys or sells by Meg Gentle. Instead, she exercised 3,510 RSUs into common shares and received a new 3,510-unit RSU award, both at a stated price of $0.00 per unit under plan terms.

How many Ovintiv (OVV) shares does Meg Gentle hold after these transactions?

After the reported transactions, Meg Gentle directly holds 32,188 shares of Ovintiv common stock. She also holds 3,510 Restricted Share Units, each economically equivalent to one share and subject to vesting and conversion conditions under the Omnibus Incentive Plan.

What are Restricted Share Units (RSUs) in the Ovintiv (OVV) Form 4 filing?

In this filing, each RSU is economically equivalent to one Ovintiv common share and can yield dividend equivalent RSUs. RSUs vest and convert into common stock on a one-for-one basis according to the Omnibus Incentive Plan and the applicable grant agreement.

Were Meg Gentle’s Ovintiv (OVV) RSU transactions part of equity compensation?

Yes. The reported transactions reflect equity compensation mechanics: settlement of 3,510 RSUs into 3,510 common shares and a new grant of 3,510 RSUs. Both follow the terms of Ovintiv’s Omnibus Incentive Plan and related grant documents.