Form 4: Ovintiv Inc. Director Brian Gordon Shaw Reports Stock Transactions
SEC Form 4 Filing
Director Brian Gordon Shaw reports the vesting and disposal of Restricted Share Units (RSUs) and withholding of shares for tax obligations.
Summary
- On March 8, 2024, Brian Gordon Shaw, a director of Ovintiv Inc., reported transactions involving the company's common stock.
- Shaw acquired 7,845 shares of common stock through the vesting of Restricted Share Units (RSUs).
- He then disposed of 7,845 shares.
- 3,766 shares were withheld by Ovintiv to satisfy tax obligations at a price of $49.82 per share.
- Following these transactions, Shaw directly owns 38,231 shares of Ovintiv common stock.
- The RSUs settled in Canadian dollars at a price of CAD$67.12 per RSU, converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of earliest transaction: vesting of RSUs, disposal of shares, and tax withholding. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.