Form 4: Ovintiv Inc. Executive Rachel Moore Reports Changes in Beneficial Ownership
SEC Form 4
EVP Rachel Moore reports transactions involving Ovintiv Inc. common stock and restricted/performance share units, resulting in adjustments to her beneficial ownership.
Summary
- On March 8, 2024, Rachel Moore, EVP of Corporate Services at Ovintiv Inc., reported transactions involving common stock, restricted share units (RSUs), and performance share units (PSUs).
- Moore acquired 15,117 shares of common stock through the vesting of RSUs and 20,875 shares through the vesting of PSUs.
- She also disposed of 7,258 shares to satisfy tax withholding obligations at a price of $49.82 per share.
- Additionally, Moore acquired 4,966 RSUs each with vesting dates in 2025, 2026 and 2027.
- Following these transactions, Moore directly owns 61,617 shares of common stock and indirectly owns 9,022 shares through an RRSP.
- She also holds 28,376 RSUs that vested on March 8, 2024, and 33,561, 38,527 and 43,493 RSUs vesting in 2025, 2026 and 2027 respectively.
- The settlement of PSUs was based on a performance criteria multiplier of 113 percent.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing transactions by an executive, with no inherent positive or negative sentiment.
Future Outlook
The reporting person holds RSUs that will vest in 2025, 2026, and 2027, subject to continued employment.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives, which is a standard practice in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of earliest transaction: Acquisition/disposal of common stock, RSUs, and PSUs |
| 03/08/2024 | Vesting date of 28,376 Restricted Share Units |
| 03/08/2025 | Exercise and Expiration Date of 4,966 Restricted Share Units |
| 03/08/2026 | Exercise and Expiration Date of 4,966 Restricted Share Units |
| 03/08/2027 | Exercise and Expiration Date of 4,966 Restricted Share Units |
| 03/12/2024 | Date of signature for 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.