Ovintiv (NYSE: OVV) EVP exercises 29,149 units, holds 80,283 shares

Rhea-AI Filing Summary

Ovintiv Inc. EVP, Corporate Services Rachel Maureen Moore exercised equity awards and adjusted her holdings through compensation-related transactions. On March 9, 2026 and March 10, 2026, she exercised a total of 29,149 Restricted Share Units and Performance Share Units into common stock, with each unit converting one-for-one.

The Performance Share Units were settled using a performance multiplier of 84%. To cover tax obligations, 8,208 shares of common stock were withheld at prices of $52.46 and $52.92 per share, and 12,053 shares were disposed of to the issuer. Following these transactions, she directly holds 80,283 shares of common stock and 37,306 RSUs, plus 9,022 shares held indirectly in an RRSP.

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

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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^*

Moore Rachel Maureen

(Last) (First) (Middle)

C/O 370 17TH STREET, SUITE 1700

(Street)

DENVER CO 80202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ovintiv Inc. [ OVV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Corporate Services

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/09/2026		M(4)		10,042	A	(5)	81,437	D
Common Stock	03/09/2026		F(7)		4,821	D	$52.46(6)	76,616	D
Common Stock	03/09/2026		M(8)		12,053	A	(9)	88,669	D
Common Stock	03/09/2026		D		12,053(3)	D	$52.46(6)	76,616	D
Common Stock	03/10/2026		M(4)		7,054	A	(5)	83,670	D
Common Stock	03/10/2026		F(7)		3,387	D	$52.92(6)	80,283(10)	D
Common Stock								9,022	I	RRSP

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)	03/09/2026		M			10,042	03/09/2026	03/09/2026	Common Stock	10,042	$0	44,359	D
Performance Share Unit	(2)	03/09/2026		M			12,053(3)	03/09/2026	03/09/2026	Common Stock	12,053(3)	$0	0	D
Restricted Share Unit	(1)	03/10/2026		M			7,054	03/10/2026	03/10/2026	Common Stock	7,054	$0	37,306	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 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.

2. 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.

3. Settlement of the PSUs was based on a performance criteria multiplier of 84 percent.

4. Represents the settlement upon vesting of RSUs.

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

6. The RSUs and PSUs settled in Canadian dollars at a price of CAD$71.21 per RSU or PSU on March 9, 2026 and CAD$71.80 per RSU on March 10, 2026. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.

7. 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.

8. Represents the settlement upon vesting of PSUs.

9. PSUs convert into Ovintiv common stock on a one-for-one basis.

10. Includes Ovintiv common stock acquired through reinvested dividends and employee matching not previously reported.

	/s/Dawna Gibb, by Power of Attorney	03/11/2026
	** 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.
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FAQ

What insider transaction did Ovintiv (OVV) EVP Rachel Moore report on this Form 4?

Rachel Moore reported exercising Restricted Share Units and Performance Share Units into common stock. These were compensation-related equity conversions rather than open-market purchases, reflecting vesting under Ovintiv’s Omnibus Incentive Plan and related grant agreements.

How many Ovintiv (OVV) share units did the EVP exercise in this filing?

She exercised 29,149 share units in total, including Restricted Share Units and Performance Share Units. Each unit converted into one share of Ovintiv common stock on a one-for-one basis, increasing her direct common share position before tax-related dispositions.

How were the Performance Share Units for Ovintiv (OVV) settled in this Form 4?

The Performance Share Units were settled based on a performance criteria multiplier of 84 percent. Each PSU was economically equivalent to one Ovintiv common share and yielded dividend-equivalent PSUs prior to conversion into common stock upon settlement.

Did the Ovintiv (OVV) EVP sell shares in the open market in this Form 4?

The filing shows tax-withholding dispositions and a disposition of shares to the issuer, not open-market sales. Shares were withheld and delivered to satisfy tax liabilities and settlement mechanics tied to RSU and PSU vesting events.

What are Rachel Moore’s Ovintiv (OVV) share holdings after these transactions?

After the reported transactions, she directly holds 80,283 shares of Ovintiv common stock and 37,306 Restricted Share Units. She also has 9,022 common shares held indirectly through an RRSP, reflecting both equity awards and prior accumulations.

At what prices were Ovintiv (OVV) shares valued for RSU and PSU settlement?

The RSUs and PSUs settled in Canadian dollars at CAD$71.21 per unit on March 9, 2026 and CAD$71.80 per RSU on March 10, 2026. These amounts were converted to U.S. dollars using Bank of Canada exchange rates.