[Form 4] Ovintiv Inc. Insider Trading Activity

Rhea-AI Filing Summary

Ovintiv Inc. director Brian Gordon Shaw reported compensation-related share movements tied to Restricted Share Units (RSUs). On May 21, 2026, 3,505 RSUs, each equivalent to one Ovintiv common share, settled into common stock on a one-for-one basis, with dividend-equivalent RSUs also included.

To cover tax obligations, 1,683 common shares were withheld by Ovintiv at a price of $82.46 per share rather than sold in the open market. After these transactions, Shaw directly holds 64,877 Ovintiv common shares. The RSUs were valued at CAD$82.25 per unit based on the volume-weighted average price on the Toronto Stock Exchange, and the price was converted using the Bank of Canada exchange rate.

Insider Trade Summary

3,505 shares exercised/converted

Mixed 4 txns

Insider Shaw Brian Gordon

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit	3,505	$0.00	--
Exercise	Restricted Share Unit	3,505	$0.00	--
Exercise	Common Stock	3,505	$0.00	--
Tax Withholding	Common Stock	1,683	$82.46	$139K

Holdings After Transaction: Restricted Share Unit — 3,505 shares (Direct, null); Common Stock — 66,560 shares (Direct, null)

Footnotes (1)

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. Each RSU is the economic equivalent of one share of Ovintiv common stock and yields dividend equivalent RSUs. 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) to satisfy payment of tax withholding obligations. The RSUs settled in Canadian dollars at a price of CAD$82.25 per RSU and is determined based on the volume-weighted average price of one share of Ovintiv common stock as traded on the Toronto Stock Exchange for the five trading days immediately following the end of Ovintiv's Q1 financial reporting blackout on May 13, 2026. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date. Includes 4 shares of Ovintiv common stock acquired through matching/reinvested dividends not previously reported.

Key Figures

RSUs settled: 3,505 units Shares withheld for taxes: 1,683 shares Tax withholding price: $82.46 per share +4 more

7 metrics

RSUs settled 3,505 units Restricted Share Units converting one-for-one into common stock

Shares withheld for taxes 1,683 shares Common stock withheld to satisfy tax obligations on RSU vesting

Tax withholding price $82.46 per share Price used for common shares withheld for tax obligations

RSU settlement reference price CAD$82.25 per RSU VWAP on Toronto Stock Exchange for RSU settlement

Shares held after transactions 64,877 shares Director’s direct Ovintiv common stock holdings after Form 4 events

RSU exercise count 1 transaction, 3,505 shares Derivative exercise/conversion of RSUs into common stock

Tax withholding events 1 transaction, 1,683 shares Payment of tax liability by delivering securities

Key Terms

Restricted Share Unit, tax withholding obligations, volume-weighted average price, Omnibus Incentive Plan, +1 more

5 terms

Restricted Share Unit financial

"Each Restricted Share Unit ("RSU") is the economic equivalent of one share of common stock"

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.

tax withholding obligations financial

"to satisfy payment of tax withholding obligations"

volume-weighted average price financial

"based on the volume-weighted average price of one share of Ovintiv common stock"

Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.

Omnibus Incentive Plan financial

"Vesting and exercise will occur in accordance with the Omnibus Incentive Plan"

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.

dividend equivalent RSUs financial

"yields dividend equivalent RSUs"

Form 4 Insider Transactions: What Each Field Means →

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^*

Shaw Brian Gordon

(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)		3,505	A	(4)	66,560	D
Common Stock	05/21/2026		F(5)		1,683	D	$82.46(6)	64,877(7)	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		3,505		05/21/2026	05/21/2026	Common Stock	3,505	$0	3,505	D
Restricted Share Unit	(2)	05/21/2026		M			3,505	05/21/2026	05/21/2026	Common Stock	3,505	$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.

5. Reporting the withholding by Ovintiv of shares of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs) to satisfy payment of tax withholding obligations.

6. The RSUs settled in Canadian dollars at a price of CAD$82.25 per RSU and is determined based on the volume-weighted average price of one share of Ovintiv common stock as traded on the Toronto Stock Exchange for the five trading days immediately following the end of Ovintiv's Q1 financial reporting blackout on May 13, 2026. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.

7. Includes 4 shares of Ovintiv common stock acquired through matching/reinvested dividends not previously reported.

	/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)