Ovintiv Inc. (OVV) EVP reports 276 new RSUs and 36,461 total units
Rhea-AI Filing Summary
Ovintiv Inc. executive reports dividend equivalent RSUs on Form 4. An officer of Ovintiv Inc., serving as EVP, Corporate Services, reported an acquisition of 276 restricted share units (RSUs) on 12/31/2025. Each RSU is the economic equivalent of one share of Ovintiv common stock and yields dividend equivalent RSUs.
The 276 RSUs were credited as dividend equivalent RSUs received in lieu of cash dividends for the fourth quarter of 2025, at a stated price of $0. Following this transaction, the reporting person beneficially owned 36,461 derivative securities in the form of RSUs, held directly. Vesting and exercise of these RSUs will occur under Ovintiv’s Omnibus Incentive Plan and the applicable grant agreement, subject to the executive’s continued employment through the relevant exercise dates.
Positive
- None.
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- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 276 | $0.00 | -- |
Footnotes (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, subject to the grantee's continued employment with Ovintiv through the applicable exercise date. Dividend equivalent RSUs received in lieu of cash dividends for the fourth quarter of 2025.
FAQ
What insider transaction did Ovintiv Inc. (OVV) report in this Form 4?
The filing reports that an Ovintiv Inc. officer acquired 276 restricted share units (RSUs) on 12/31/2025, which are derivative securities linked to Ovintiv common stock.
Who is the reporting person in the Ovintiv Inc. (OVV) Form 4 and what is their role?
The reporting person is an officer of Ovintiv Inc. with the title EVP, Corporate Services, as indicated in the relationship section of the filing.
Why did the Ovintiv (OVV) executive receive 276 dividend equivalent RSUs?
The filing states that the 276 dividend equivalent RSUs were received in lieu of cash dividends for the fourth quarter of 2025, effectively reinvesting the dividend into additional RSUs.
What price is associated with the Ovintiv (OVV) dividend equivalent RSUs in this Form 4?
The table lists a price of $0 for the restricted share unit transaction, consistent with RSUs and dividend equivalent units granted as equity rather than purchased for cash.