Ovintiv (OVV) CEO exercises 5,500 stock rights and disposes matching shares
Rhea-AI Filing Summary
Ovintiv Inc. President & CEO Brendan Michael McCracken reported an exercise and related disposition of equity-linked awards. On 2026-08-07 he exercised 5,500 Stock Appreciation Rights, each economically equivalent to one share of common stock, at an exercise price of $22.95 per share, receiving 5,500 shares of common stock. That same day, he disposed of 5,500 common shares to the issuer at $59.86 per share. Following the exercise, he reported 5,098 Stock Appreciation Rights remaining.
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Insights
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Insider Trade Summary
5,500 shares exercised/converted
Exercise
3 txns
Insider
McCracken Brendan Michael
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights F1 | 5,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,500 | $22.95 | $126K |
| Disposition | Common Stock | 5,500 | $59.86 | $329K |
Holdings After Transaction:
Stock Appreciation Rights — 5,098 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: 5,500
Exercise price of rights: $22.95 per share
Common shares disposed to issuer: 5,500
+3 more
6 metrics
Stock Appreciation Rights exercised
5,500
Number of Stock Appreciation Rights exercised on 2026-08-07
Exercise price of rights
$22.95 per share
Exercise or conversion price of Stock Appreciation Rights
Common shares disposed to issuer
5,500
Common stock disposed to issuer on 2026-08-07
Disposition price per share
$59.86 per share
Price for common stock disposition to issuer
Stock Appreciation Rights remaining
5,098
Total Stock Appreciation Rights held following the transaction
Expiration date of rights
2026-09-10
Expiration date of the exercised Stock Appreciation Rights grant
Key Terms
Stock Appreciation Rights, disposition to issuer, derivative security, 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.
disposition to issuer financial
"transaction_code_description: Disposition to issuer"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
economic equivalent financial
"Each Stock Appreciation Right is the economic equivalent of one share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity transaction did Ovintiv (OVV) report for its CEO?
Ovintiv reported that President & CEO Brendan Michael McCracken exercised 5,500 Stock Appreciation Rights into common stock and on the same day disposed of 5,500 common shares back to the issuer.
How many Stock Appreciation Rights did the Ovintiv (OVV) CEO exercise and at what price?
Brendan Michael McCracken exercised 5,500 Stock Appreciation Rights on 2026-08-07 at an exercise price of $22.95 per share, each right being economically equivalent to one share of Ovintiv common stock.
What was the price and amount of Ovintiv (OVV) common stock disposed of by the CEO?
On 2026-08-07, Brendan Michael McCracken reported a disposition to the issuer of 5,500 shares of Ovintiv common stock at a price of $59.86 per share, matching the shares received from the rights exercise.
How many Stock Appreciation Rights does the Ovintiv (OVV) CEO hold after this Form 4?
After the reported transactions, Brendan Michael McCracken reported holding 5,098 Stock Appreciation Rights, which are derivative securities economically equivalent to shares of Ovintiv common stock.
What are the key dates and terms of the Ovintiv (OVV) CEO’s Stock Appreciation Rights?
The exercised Stock Appreciation Rights had an exercise price of $22.95, an exercise date of 2019-09-10, and an expiration date of 2026-09-10, and each right is the economic equivalent of one common share.