Ovintiv (OVV) director Terri Gay King exercises 3,510 RSUs and receives 3,510-unit award

Rhea-AI Filing Summary

Ovintiv Inc. director Terri Gay King exercised 3,510 Restricted Share Units (RSUs) into 3,510 shares of common stock and received a new 3,510 RSU award. The RSUs convert into Ovintiv common stock on a one-for-one basis and yield dividend equivalent RSUs.

After the transactions on May 21, 2026, King directly holds 8,552 shares of Ovintiv common stock and 3,510 RSUs. These events reflect routine equity compensation activity rather than open‑market buying or selling.

Insider Trade Summary

3,510 shares exercised/converted

Mixed 3 txns

Insider King Terri Gay

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 — 8,552 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 New RSU award: 3,510 units Common shares after transactions: 8,552 shares +2 more

5 metrics

RSUs exercised 3,510 units Converted into 3,510 Ovintiv common shares on May 21, 2026

New RSU award 3,510 units Granted to Terri Gay King on May 21, 2026

Common shares after transactions 8,552 shares Direct Ovintiv common stock holdings following Form 4 transactions

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

Exercise price per RSU $0.00 per unit RSU settlement recorded with a zero exercise price

Key Terms

Restricted Share Unit, dividend equivalent RSUs, Omnibus Incentive Plan, Grant, award, or other acquisition, +1 more

5 terms

Restricted Share Unit financial

"Each Restricted Share Unit ("RSU") is the economic equivalent of one share of common stock..."

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.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

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^*

King Terri Gay

(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)	8,552	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 Terri Gay King report?

Terri Gay King reported exercising 3,510 Restricted Share Units into 3,510 Ovintiv common shares and receiving a new 3,510 RSU award. These are equity compensation events, not open‑market purchases or sales, and adjust her mix of stock and RSU holdings.

How many Ovintiv (OVV) shares does Terri Gay King hold after this Form 4?

Following the May 21, 2026 transactions, Terri Gay King directly holds 8,552 shares of Ovintiv common stock. She also holds 3,510 Restricted Share Units, which are each economically equivalent to one Ovintiv share and can convert into common stock on a one‑for‑one basis.

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

Restricted Share Units are share-based awards economically equivalent to one Ovintiv common share and yield dividend equivalent RSUs. They vest and convert into common stock on a one‑for‑one basis according to Ovintiv’s Omnibus Incentive Plan and the specific grant agreement schedule.

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

No open‑market buys or sells are reported. The Form 4 shows an exercise of 3,510 RSUs into common stock and a new 3,510 RSU grant. These transactions reflect compensation and vesting mechanics rather than discretionary trading in Ovintiv shares on the market.

What does the RSU exercise code “M” mean in the Ovintiv (OVV) Form 4?

Code “M” indicates an exercise or conversion of a derivative security, here 3,510 RSUs converting into 3,510 Ovintiv common shares. It shows a vesting or settlement event under the company’s equity plan, not an open‑market purchase of additional stock by the director.

What does the RSU grant code “A” represent for Ovintiv (OVV) in this filing?

Code “A” denotes a grant, award, or other acquisition of a derivative security. In this case, Terri Gay King received 3,510 new RSUs on May 21, 2026, as part of Ovintiv’s Omnibus Incentive Plan, adding to her stock-based compensation position in the company.