Ovintiv (NYSE: OVV) EVP settles RSUs and PSUs, withholds tax shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ovintiv Inc. EVP Meghan Nicole Eilers reported compensation-related equity activity involving restricted and performance share units. On March 9–10, 2026, she exercised and settled RSUs and PSUs into a total of 37,536 shares of common stock, all at a conversion price of $0.00 per share in line with the company’s incentive plans.
To cover tax obligations arising from these vestings, 7,443 shares were withheld at prices around the low-$50s per share, and 15,421 shares were returned to Ovintiv in an issuer disposition. Following these transactions, she directly holds 55,935 shares of common stock and indirectly holds 4,436 shares through a 401(k) plan, with no open-market purchases or sales reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
37,536 shares exercised/converted
Mixed
10 txns
Insider
Eilers Meghan Nicole
Role
EVP, M&M & GC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 8,858 | $0.00 | -- |
| Exercise | Common Stock | 8,858 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,486 | $52.62 | $183K |
| Exercise | Restricted Share Unit | 13,257 | $0.00 | -- |
| Exercise | Performance Share Unit | 15,421 | $0.00 | -- |
| Exercise | Common Stock | 13,257 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,957 | $52.07 | $206K |
| Exercise | Common Stock | 15,421 | $0.00 | -- |
| Disposition | Common Stock | 15,421 | $52.07 | $803K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Share Unit — 46,462 shares (Direct);
Common Stock — 59,421 shares (Direct);
Performance Share Unit — 0 shares (Direct);
Common Stock — 4,436 shares (Indirect, 401(k))
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 will occur on the exercise date in accordance with the Omnibus Incentive Plan and applicable grant agreement, and subject to the grantee's continued employment with Ovintiv through the applicable exercise date. Each Performance Share Unit ("PSU") is settled based on the achievement of certain performance criteria, is the economic equivalent of one share of common stock of Ovintiv and yields dividend equivalent PSUs. Settlement of the PSUs was based on a performance criteria multiplier of 84 percent. Represents the settlement upon vesting of RSUs. RSUs convert into Ovintiv common stock on a one-for-one basis. Reporting the withholding by Ovintiv of shares of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs or PSUs, as applicable) to satisfy payment of tax withholding obligations. Represents the settlement upon vesting of PSUs. PSUs convert into Ovintiv common stock on a one-for-one basis. Includes Ovintiv common stock acquired through reinvested dividends and employee matching not previously reported.
FAQ
What did Ovintiv (OVV) EVP Meghan Eilers report in this Form 4?
Meghan Eilers reported vesting and settlement of restricted and performance share units into Ovintiv common stock. These transactions are compensation-related, reflecting equity awards converting into shares rather than open-market buying or selling of stock.