Ovintiv director exercises 3,510 RSUs, gets new grant

Ovintiv Inc. director Thomas G. Ricks reported equity compensation movements rather than open-market trades.

Rhea-AI Filing Summary

Ovintiv Inc. director Thomas G. Ricks reported equity compensation movements rather than open-market trades. On May 21, 2026, he exercised 3,510 Restricted Share Units (RSUs) into 3,510 shares of common stock, bringing his direct holdings to 103,842 shares. On the same date, he received a new grant of 3,510 RSUs, each economically equivalent to one Ovintiv common share and eligible for dividend-equivalent RSUs, vesting under the company’s Omnibus Incentive Plan.

Insider Trade Summary

3,510 shares exercised/converted

Exercise 3 txns

Insider RICKS THOMAS G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit	3,510	$0.00	$0.00
Exercise	Restricted Share Unit	3,510	$0.00	$0.00
Exercise	Common Stock	3,510	$0.00	$0.00

Holdings After Transaction: Restricted Share Unit — 0 contracts (Direct); Common Stock — 103,842 shares (Direct)

Footnotes (4)

1. F1. 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. F2. Each RSU is the economic equivalent of one share of Ovintiv common stock and yields dividend equivalent RSUs.
3. F3. Represents the settlement upon vesting of RSUs.
4. F4. RSUs convert into Ovintiv common stock on a one-for-one basis.

Key Figures

RSUs exercised into shares: 3,510 shares New RSU grant: 3,510 RSUs Shares held after transaction: 103,842 shares +2 more

5 metrics

RSUs exercised into shares 3,510 shares RSUs converted into Ovintiv common stock on May 21, 2026

New RSU grant 3,510 RSUs Awarded to Thomas G. Ricks on May 21, 2026

Shares held after transaction 103,842 shares Direct Ovintiv common stock holdings following Form 4 transactions

Exercise price per RSU $0.0000 per unit RSU settlement and grant terms recorded in Form 4

Derivative exercises 1 transaction, 3,510 units Exercise or conversion of derivative security reported in transaction summary

Key Terms

Restricted Share Unit, dividend equivalent RSUs, Omnibus Incentive Plan, Form 4, +1 more

5 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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Exercise or conversion of derivative security financial

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Ovintiv (OVV) director Thomas G. Ricks report in this Form 4?

Thomas G. Ricks reported equity compensation activity, not market trades. He settled 3,510 Restricted Share Units into 3,510 Ovintiv common shares and received a new grant of 3,510 RSUs, all under the company’s Omnibus Incentive Plan.

Did Thomas G. Ricks buy or sell Ovintiv (OVV) shares on the open market?

No open-market buys or sells were reported. The Form 4 shows a derivative exercise and RSU settlement into 3,510 common shares, plus a new 3,510 RSU award, all recorded at a transaction price of $0.0000 per unit.

How many Ovintiv (OVV) shares does Thomas G. Ricks hold after these transactions?

After the RSU settlement, Thomas G. Ricks directly holds 103,842 shares of Ovintiv common stock. This figure reflects his position immediately following the 3,510-share RSU conversion reported in the Form 4 on May 21, 2026.

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

Ovintiv RSUs are equity awards economically equivalent to one share of common stock. They also generate dividend-equivalent RSUs and convert into common shares on a one-for-one basis according to the Omnibus Incentive Plan and the applicable grant agreement.

What new equity award did Thomas G. Ricks receive from Ovintiv (OVV)?

He received a new grant of 3,510 Restricted Share Units. Each RSU is economically equivalent to one Ovintiv common share, yields dividend-equivalent RSUs, and will vest and convert into stock according to the Omnibus Incentive Plan’s schedule.

Were any derivative positions left outstanding for Thomas G. Ricks after these Ovintiv (OVV) transactions?

The derivative summary in the Form 4 shows no remaining derivative positions after these transactions. The reported RSUs either converted into 3,510 common shares or represent the newly granted 3,510 RSUs now outstanding.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 05:20 PM EDT Learn about SEC filing dates

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^*

RICKS THOMAS G

(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)	103,842	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)