Ovintiv director exercises 3,510 RSUs, gets new grant

Ovintiv Inc. director George Pita reported compensation-related equity activity.

Rhea-AI Filing Summary

Ovintiv Inc. director George Pita reported compensation-related equity activity. He exercised 3,510 Restricted Share Units (RSUs) into 3,510 shares of common stock, bringing his direct common share holdings to 26,597. On the same date, he also received a new grant of 3,510 RSUs, which each represent one share of common stock and accrue dividend-equivalent RSUs.

Insider Trade Summary

3,510 shares exercised/converted

Exercise 3 txns

Insider Pita George

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 — 26,597 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: 3,510 units Common shares received: 3,510 shares Common shares held after: 26,597 shares +3 more

6 metrics

RSUs exercised 3,510 units Restricted Share Units converted to common stock on 2026-05-21

Common shares received 3,510 shares Shares issued upon RSU settlement on 2026-05-21

Common shares held after 26,597 shares Direct Ovintiv common stock holdings following transactions

New RSU grant 3,510 units Grant, award, or other acquisition of RSUs on 2026-05-21

RSU conversion ratio 1:1 Each RSU converts into one Ovintiv common share

RSU exercise price $0.00 per unit Conversion or exercise price for RSUs in this filing

Key Terms

Restricted Share Unit, dividend equivalent RSUs, Omnibus Incentive Plan, one-for-one basis

4 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.

one-for-one basis financial

"RSUs convert into Ovintiv common stock on a one-for-one basis."

FAQ

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

What insider transactions did Ovintiv (OVV) director George Pita report?

George Pita reported an exercise of 3,510 Restricted Share Units into 3,510 Ovintiv common shares and a separate grant of 3,510 new RSUs. These transactions are compensation-related and do not involve open-market buying or selling of stock.

How many Ovintiv (OVV) shares does George Pita hold after this Form 4?

After the reported transactions, George Pita directly holds 26,597 shares of Ovintiv common stock. He also holds 3,510 Restricted Share Units, each economically equivalent to one share of common stock and entitled to dividend-equivalent RSUs under the company’s equity plan.

What is the size of George Pita’s RSU exercise in Ovintiv (OVV) stock?

The Form 4 shows George Pita exercised 3,510 Restricted Share Units, converting them into 3,510 shares of Ovintiv common stock. This was a derivative exercise at a stated conversion price of $0.00 per unit, reflecting equity compensation rather than a cash market purchase.

Did George Pita buy or sell Ovintiv (OVV) shares on the open market?

The filing does not show any open-market purchases or sales. Instead, it records an RSU settlement into 3,510 common shares and a new grant of 3,510 RSUs, both at a transaction price of $0.00 as part of equity-based compensation arrangements.

What are Ovintiv (OVV) Restricted Share Units as described in this filing?

Each Restricted Share Unit is economically equivalent to one Ovintiv common share, converts into stock on a one-for-one basis, and earns dividend-equivalent RSUs. Vesting and exercise occur under the company’s Omnibus Incentive Plan and the specific RSU grant agreement.

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

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Accepted by SEC EDGAR 05/26/2026 - 05:24 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^*

Pita George

(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)	26,597	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)