Ovintiv CEO awarded 103,125 restricted share units
Ovintiv Inc. President and CEO Brendan Michael McCracken reported equity compensation in the form of restricted share units.
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Rhea-AI Filing Summary
Ovintiv Inc. President and CEO Brendan Michael McCracken reported equity compensation in the form of restricted share units. On the reported date, he received three awards of 34,375 Restricted Share Units each, totaling 103,125 RSUs. Each RSU is economically equivalent to one share of Ovintiv common stock and accrues dividend-equivalent RSUs. Vesting will occur on specified exercise dates in line with Ovintiv's Omnibus Incentive Plan and the related grant agreements, and depends on his continued employment through those dates.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 34,375 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Unit | 34,375 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Unit | 34,375 | $0.00 | $0.00 |
Footnotes (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 will occur on the exercise date in accordance with the Omnibus Incentive Plan and applicable grant agreement, and subject to the grantee's continued employment with Ovintiv through the applicable exercise date.
FAQ
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What insider transaction did Ovintiv (OVV) disclose for its CEO?
How did the Ovintiv (OVV) CEO’s holdings change after the RSU grants?
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