Ovintiv (OVV) director Gregory Hill exercises 3,218 RSUs and receives new grant

Rhea-AI Filing Summary

Ovintiv Inc. director Gregory P. Hill exercised restricted share units into common stock and received a new award. On May 21, 2026, he converted 3,218 Restricted Share Units into 3,218 shares of common stock and was granted a new award of 3,218 RSUs, all held directly.

Insider Trade Summary

3,218 shares exercised/converted

Mixed 3 txns

Insider Hill Gregory P.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit	3,218	$0.00	--
Exercise	Restricted Share Unit	3,218	$0.00	--
Exercise	Common Stock	3,218	$0.00	--

Holdings After Transaction: Restricted Share Unit — 3,218 shares (Direct, null); Common Stock — 3,218 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

Common shares acquired: 3,218 shares RSUs exercised: 3,218 RSUs New RSU grant: 3,218 RSUs +2 more

5 metrics

Common shares acquired 3,218 shares Shares received from RSU settlement on May 21, 2026

RSUs exercised 3,218 RSUs Restricted Share Units converted into common stock

New RSU grant 3,218 RSUs Grant, award, or other acquisition on May 21, 2026

Common shares after exercise 3,218 shares Total non-derivative holdings following transaction

RSUs after grant 3,218 RSUs Total derivative RSU holdings following grant

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") ... 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^*

Hill Gregory P.

(Last) (First) (Middle)

SUITE 1700

370 - 17 STREET

(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)		3,218	A	(4)	3,218	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		3,218		05/21/2026	05/21/2026	Common Stock	3,218	$0	3,218	D
Restricted Share Unit	(2)	05/21/2026		M			3,218	05/21/2026	05/21/2026	Common Stock	3,218	$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 transaction did Ovintiv (OVV) director Gregory P. Hill report?

Gregory P. Hill reported an acquisition-related transaction. He exercised 3,218 Restricted Share Units into 3,218 Ovintiv common shares and received a new grant of 3,218 RSUs, all as part of equity-based compensation on May 21, 2026.

How many Ovintiv (OVV) shares did Gregory P. Hill acquire in this Form 4?

He acquired 3,218 shares of Ovintiv common stock. These shares resulted from the settlement of 3,218 Restricted Share Units that vested, converting into common stock on a one-for-one basis as described in the Form 4 footnotes.

What new equity award did Gregory P. Hill receive from Ovintiv (OVV)?

He received a new grant of 3,218 Restricted Share Units. Each RSU is economically equivalent to one Ovintiv common share and yields dividend equivalent RSUs, vesting in line with the Omnibus Incentive Plan and the applicable grant agreement.

Were there any open-market stock sales or purchases by Gregory P. Hill in this Ovintiv (OVV) filing?

No open-market purchases or sales were reported. The Form 4 shows only derivative exercises and a grant of Restricted Share Units, with no transactions coded as open-market buys (P) or sells (S) in the disclosed data.

How do Gregory P. Hill’s RSUs convert into Ovintiv (OVV) common stock?

His RSUs convert into Ovintiv common stock on a one-for-one basis. Each RSU is economically equivalent to one common share and yields dividend equivalent RSUs, with settlement occurring upon vesting according to the Omnibus Incentive Plan and grant terms.

Does Gregory P. Hill hold Ovintiv (OVV) shares directly or indirectly after this Form 4?

He holds the reported interests directly. The Form 4 marks ownership as direct for both the 3,218 common shares following the exercise and the 3,218 Restricted Share Units awarded, with no indirect ownership entities disclosed.