Form 4: Ovintiv Inc. Director Terri Gay King Reports Stock Transactions
SEC Form 4 Filing
Director Terri Gay King reports the vesting and conversion of Restricted Share Units (RSUs) into Ovintiv Inc. common stock on May 16, 2025.
Summary
- On May 16, 2025, Terri Gay King, a director of Ovintiv Inc., reported transactions involving Restricted Share Units (RSUs).
- 5,042 RSUs vested and were converted into 5,042 shares of Ovintiv common stock on a one-for-one basis.
- The RSUs were settled upon vesting, and Ms. King now directly owns 5,042 shares of common stock.
- The price of the derivative security was $0.
- Ms. King continues to hold 0 RSUs after the reported transactions.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices. It doesn't indicate any particularly 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 trading activities. It doesn't necessarily reflect broader industry trends but offers insight into the actions of a key individual within Ovintiv Inc.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it represents the conversion of existing equity-based compensation into common stock.
Key Dates
| Date | Description |
|---|---|
| 05/16/2025 | Date of earliest transaction: Vesting and conversion of Restricted Share Units (RSUs). |
| 05/16/2025 | Date Exercisable and Expiration Date of Restricted Share Unit. |
| 05/20/2025 | Date of signature by Power of Attorney. |
Keywords
Ovintiv Inc., Terri Gay King, Director, RSU, Restricted Share Units, Common Stock, Beneficial Ownership, Form 4, Securities
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