[Form 4] Ovintiv Inc. Insider Trading Activity
Rhea-AI Filing Summary
Ovintiv Inc. President & CEO Brendan Michael McCracken reported equity compensation activity involving restricted and performance share units that vested into common stock. On March 9–10, 2026, he exercised or settled awards covering 188,687 share-based units into Ovintiv common stock, as reflected in the filing’s exerciseShares figure.
To cover tax obligations on these vestings, Ovintiv withheld an aggregate of 47,695 shares at per-share values of $52.07 and $52.62, recorded as F-code tax-withholding dispositions rather than open-market sales. Following these transactions, McCracken directly held 296,230 shares of Ovintiv common stock, plus smaller indirect holdings of 1,808 shares in a 401(k) plan and 193 shares in an RRSP.
The footnotes explain that each restricted share unit and performance share unit is economically equivalent to one common share and converts on a one-for-one basis, with performance share units settled based on achievement of specified performance criteria, including an 84% performance multiplier for this settlement. No remaining derivative awards are shown after these exercises.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Unit | 43,849 | $0.00 | -- |
| Exercise | Common Stock | 43,849 | $0.00 | -- |
| Tax Withholding | Common Stock | 19,185 | $52.62 | $1.01M |
| Exercise | Restricted Share Unit | 65,163 | $0.00 | -- |
| Exercise | Performance Share Unit | 79,675 | $0.00 | -- |
| Exercise | Common Stock | 65,163 | $0.00 | -- |
| Tax Withholding | Common Stock | 28,510 | $52.07 | $1.48M |
| Exercise | Common Stock | 79,675 | $0.00 | -- |
| Disposition | Common Stock | 79,675 | $52.07 | $4.15M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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.
