Ovintiv (OVV) CEO adds 1,733 dividend-equivalent RSUs, now holds 230,254
Rhea-AI Filing Summary
Ovintiv Inc.'s President & CEO, who also serves as a director, reported an equity transaction on 12/31/2025. The insider acquired 1,733 restricted share units (RSUs), each economically equivalent to one share of Ovintiv common stock. These RSUs were received as dividend equivalent RSUs in lieu of cash dividends for the fourth quarter of 2025.
The RSUs vest and become exercisable according to Ovintiv's Omnibus Incentive Plan and the applicable grant agreement, on the same schedule as the underlying RSUs and subject to continued employment with Ovintiv. Following this transaction, the insider beneficially owns 230,254 derivative securities, held directly.
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FAQ
What insider transaction did Ovintiv (OVV) report in this filing?
The filing reports that Ovintiv Inc.'s President & CEO, who is also a director, acquired 1,733 restricted share units (RSUs) on 12/31/2025.
How many Ovintiv (OVV) RSUs does the insider own after this transaction?
After the reported transaction, the insider beneficially owns 230,254 derivative securities in the form of restricted share units, held directly.
What are the terms of the Ovintiv (OVV) restricted share units in this filing?
Each RSU is economically equivalent to one share of Ovintiv common stock, yields dividend equivalent RSUs, and vests and becomes exercisable under the Omnibus Incentive Plan and the applicable grant agreement, subject to continued employment.
Why did the Ovintiv (OVV) insider receive 1,733 RSUs on 12/31/2025?
The 1,733 RSUs were dividend equivalent RSUs received in lieu of cash dividends for the fourth quarter of 2025.
Does this Ovintiv (OVV) insider transaction involve common stock directly?
The transaction involves restricted share units that are each equivalent to one share of Ovintiv common stock. The underlying security for these RSUs is Ovintiv common stock.
What is the reported price for the Ovintiv (OVV) RSUs in this transaction?
The table shows a price of $0 for the 1,733 RSUs, consistent with RSUs granted as dividend equivalents rather than purchased for cash.