Ovintiv Inc. (OVV) CEO exercises 5,098 SARs and disposes matching shares
Rhea-AI Filing Summary
Ovintiv Inc. President & CEO Brendan Michael McCracken exercised 5,098 Stock Appreciation Rights on August 11, 2026 at an exercise price of $22.95 per right, receiving 5,098 shares of common stock. On the same date, he disposed of 5,098 common shares to the issuer at $63.56 per share, and the exercised Stock Appreciation Rights position was reduced to zero. Each Stock Appreciation Right was the economic equivalent of one share of Ovintiv common stock.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
5,098 shares exercised/converted
Exercise
3 txns
Insider
McCracken Brendan Michael
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights F1 | 5,098 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,098 | $22.95 | $117K |
| Disposition | Common Stock | 5,098 | $63.56 | $324K |
Holdings After Transaction:
Stock Appreciation Rights — 0 shares (Direct);
Common Stock — 297,192 shares (Direct)
Footnotes (1)
- F1. Each Stock Appreciation Right is the economic equivalent of one share of Ovintiv Inc. common stock.
Key Figures
Stock Appreciation Rights exercised: 5,098 rights
SAR exercise price: $22.95 per right
Common shares acquired on exercise: 5,098 shares
+3 more
6 metrics
Stock Appreciation Rights exercised
5,098 rights
Exercise of Stock Appreciation Rights on August 11, 2026
SAR exercise price
$22.95 per right
Conversion or exercise price for Stock Appreciation Rights
Common shares acquired on exercise
5,098 shares
Common stock received upon SAR exercise on August 11, 2026
Common shares disposed to issuer
5,098 shares
Disposition to Ovintiv at $63.56 per share on August 11, 2026
Disposition price
$63.56 per share
Price for common stock disposition to issuer
Stock Appreciation Rights remaining
0 rights
Total SARs following the reported exercise transaction
Key Terms
Stock Appreciation Rights, Exercise or conversion of derivative security, Disposition to issuer, economic equivalent
4 terms
Stock Appreciation Rights financial
"Each Stock Appreciation Right is the economic equivalent of one share"
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
economic equivalent financial
"Each Stock Appreciation Right is the economic equivalent of one share"
FAQ
What did Ovintiv (OVV) CEO Brendan McCracken report in this Form 4?
Brendan Michael McCracken exercised 5,098 Stock Appreciation Rights at $22.95 on August 11, 2026, receiving 5,098 common shares, then disposed of 5,098 shares to Ovintiv at $63.56 per share the same day.
How many Ovintiv (OVV) Stock Appreciation Rights did the CEO exercise?
The CEO exercised 5,098 Stock Appreciation Rights. Each right was the economic equivalent of one share of Ovintiv common stock, resulting in the acquisition of 5,098 common shares before a same-day disposition to the issuer.
What prices were involved in the Ovintiv (OVV) CEO’s August 11, 2026 transactions?
The Stock Appreciation Rights were exercised at an exercise price of $22.95 per right. The resulting 5,098 common shares were then disposed of to Ovintiv at a price of $63.56 per share on August 11, 2026.
Did Ovintiv (OVV) CEO Brendan McCracken retain any of the exercised Stock Appreciation Rights?
No. After exercising 5,098 Stock Appreciation Rights, the total Stock Appreciation Rights following the transaction was 0. The exercise converted the rights into common stock, which was then fully disposed of back to the issuer.
Were Ovintiv (OVV) CEO’s Form 4 transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as a plan, and there is no footnote indicating these transactions were executed under a Rule 10b5-1 trading arrangement for the CEO.
What does each Ovintiv (OVV) Stock Appreciation Right represent for the CEO?
Each Stock Appreciation Right is disclosed as the economic equivalent of one share of Ovintiv Inc. common stock. Exercising 5,098 Stock Appreciation Rights therefore corresponded to 5,098 underlying common shares for the CEO.
AI-generated analysis. How Rhea-AI works. Not financial advice.