Ovintiv (OVV) COO Gregory Givens exercises RSUs/PSUs and retains 130,266 shares

Rhea-AI Filing Summary

Ovintiv Inc. EVP & COO Gregory Dean Givens reported compensation-related share activity involving restricted and performance share units. On March 9–10, he exercised RSUs and PSUs that converted into a total of 71,073 shares of Ovintiv common stock, consistent with the company’s Omnibus Incentive Plan and related grant agreements.

To cover tax withholding obligations, 15,831 shares of common stock were withheld, including shares issued upon RSU and PSU settlement at prices of $52.07 and $52.62 per share. After these transactions, Givens directly holds 130,266 shares of Ovintiv common stock and indirectly holds 2,813 shares through a 401(k) plan.

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

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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^*

Givens Gregory Dean

(Last) (First) (Middle)

C/O 370 17TH STREET, SUITE 1700

(Street)

DENVER CO 80202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ovintiv Inc. [ OVV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & COO

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/09/2026		M(4)		24,728	A	(5)	130,595	D
Common Stock	03/09/2026		F(6)		9,731	D	$52.07	120,864	D
Common Stock	03/09/2026		M(7)		30,843	A	(8)	151,707	D
Common Stock	03/09/2026		D		30,843(3)	D	$52.07	120,864	D
Common Stock	03/10/2026		M(4)		15,502	A	(5)	136,366	D
Common Stock	03/10/2026		F(6)		6,100	D	$52.62	130,266	D
Common Stock								2,813(9)	I	401(k)

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)	03/09/2026		M			24,728	03/09/2026	03/09/2026	Common Stock	24,728	$0	93,373	D
Performance Share Unit	(2)	03/09/2026		M			30,843(3)	03/09/2026	03/09/2026	Common Stock	30,843(3)	$0	0	D
Restricted Share Unit	(1)	03/10/2026		M			15,502	03/10/2026	03/10/2026	Common Stock	15,502	$0	77,871	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 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.

2. Each Performance Share Unit ("PSU") is settled based on the achievement of certain performance criteria, is the economic equivalent of one share of common stock of Ovintiv and yields dividend equivalent PSUs.

3. Settlement of the PSUs was based on a performance criteria multiplier of 84 percent.

4. Represents the settlement upon vesting of RSUs.

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

6. Reporting the withholding by Ovintiv of shares of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs or PSUs, as applicable) to satisfy payment of tax withholding obligations.

7. Represents the settlement upon vesting of PSUs.

8. PSUs convert into Ovintiv common stock on a one-for-one basis.

9. Includes Ovintiv common stock acquired through reinvested dividends and employee matching not previously reported.

	/s/Dawna Gibb, by Power of Attorney	03/11/2026
	** 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).
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FAQ

What insider transactions did Ovintiv (OVV) EVP & COO Gregory Dean Givens report?

Gregory Dean Givens reported exercising restricted and performance share units that converted into 71,073 shares of Ovintiv common stock. The transactions reflect equity awards vesting under the Omnibus Incentive Plan, rather than open-market buying or selling activity.

How many Ovintiv (OVV) shares does Gregory Dean Givens hold after these Form 4 transactions?

After the reported transactions, Gregory Dean Givens directly holds 130,266 shares of Ovintiv common stock. He also indirectly holds 2,813 shares through a 401(k) plan, giving investors a clearer picture of his overall equity exposure.

Were any of Gregory Dean Givens’ Ovintiv (OVV) Form 4 transactions open-market sales?

The Form 4 shows no open-market sales. Dispositions were coded as F tax-withholding events and a D disposition to the issuer, meaning shares were used to satisfy tax liabilities or returned to Ovintiv rather than sold on the open market.

What role did tax withholding play in Gregory Dean Givens’ Ovintiv (OVV) equity transactions?

Tax obligations were satisfied by withholding 15,831 shares of Ovintiv common stock at prices of $52.07 and $52.62. These F-code dispositions are administrative and relate to income taxes on vested RSUs and PSUs, not discretionary stock sales.

How were Ovintiv (OVV) performance share units settled for Gregory Dean Givens?

Performance share units were settled into Ovintiv common stock based on an 84 percent performance multiplier. Each PSU is economically equivalent to one share and converts one-for-one into common stock, with dividend-equivalent PSUs also included in the final share settlement.

What do Ovintiv (OVV) RSUs and PSUs represent in Gregory Dean Givens’ compensation?

Each RSU or PSU is the economic equivalent of one Ovintiv common share and includes dividend-equivalent units. RSUs vest over time with continued employment, while PSUs settle based on achieving specified performance criteria before converting into common stock.