Companies Ovintiv Inc.
Ovintiv (OVV): executive pay, fiscal 2025
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CEO pay, last three years
- $11,783,939FY2023
- $13,031,675FY2024
- $13,693,140FY2025
CEO total pay was $13,693,140 in fiscal 2025, up from $13,031,675 in fiscal 2024.
FY2025: salary $1,185,000 · bonus $0 · stock awards $9,900,005 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Brendan McCracken | $1,185,000 | $0 | $9,900,005 | $0 | $2,136,750 | $0 | $471,385 | $13,693,140 |
| President & Chief Executive Officer | ||||||||
| Greg Givens | 712,500 | 0 | 3,500,055 | 0 | 997,500 | 0 | 162,997 | 5,373,052 |
| Executive Vice-President & Chief Operating Officer | ||||||||
| Corey Code | 588,910 | 0 | 3,150,416 | 0 | 824,474 | 0 | 137,282 | 4,701,082 |
| Executive Vice-President & Chief Financial Officer | ||||||||
| Meghan Eilers | 518,750 | 0 | 2,000,043 | 0 | 563,500 | 0 | 121,463 | 3,203,756 |
| Executive Vice-President, Midstream & Marketing and General Counsel | ||||||||
| Rachel Moore | 459,135 | 0 | 1,646,849 | 0 | 498,631 | 0 | 116,395 | 2,721,010 |
| Executive Vice-President, Corporate Services | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Brendan McCracken | $13,693,140 | $13,031,675 | $11,783,939 | ↑ +661,465 |
| Greg Givens | 5,373,052 | 5,309,315 | 5,040,615 | ↑ +63,737 |
| Corey Code | 4,701,082 | 4,440,524 | 3,932,161 | ↑ +260,558 |
| Meghan Eilers | 3,203,756 | 3,108,621 | 2,711,953 | ↑ +95,135 |
| Rachel Moore | 2,721,010 | 2,470,838 | 2,267,968 | ↑ +250,172 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Executive compensation at Ovintiv is market-competitive and aligns pay with performance. Base salary and target short- and long-term pay levels are determined based on comparisons to a carefully selected group of industry peers.
| CEO STI target (% of salary) | 129% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | FW Cook |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | True |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Greg Givens | RSU | 2025-03-10 | — | — | 45,162 | — | $1,750,028 |
| Brendan McCracken | PSU | 2025-03-10 | — | 127,742 | — | 255,484 | 4,950,003 |
| Corey Code | PSU | 2025-03-10 | — | 39,314 | — | 78,628 | 1,575,208 |
| Greg Givens | PSU | 2025-03-10 | — | 45,162 | — | 90,324 | 1,750,028 |
| Rachel Moore | RSU | 2025-03-10 | — | — | 20,551 | — | 823,424 |
| Brendan McCracken | RSU | 2025-03-10 | — | — | 127,742 | — | 4,950,003 |
| Corey Code | RSU | 2025-03-10 | — | — | 39,314 | — | 1,575,208 |
| Meghan Eilers | PSU | 2025-03-10 | — | 25,807 | — | 51,614 | 1,000,021 |
| Rachel Moore | PSU | 2025-03-10 | — | 20,551 | — | 41,102 | 823,424 |
| Meghan Eilers | RSU | 2025-03-10 | — | — | 25,807 | — | 1,000,021 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Greg Givens | $1,750,028 | $1,750,028 | $0 | 50.0% |
| Brendan McCracken | 4,950,003 | 4,950,003 | 0 | 50.0% |
| Corey Code | 1,575,208 | 1,575,208 | 0 | 50.0% |
| Rachel Moore | 823,424 | 823,424 | 0 | 50.0% |
| Meghan Eilers | 1,000,021 | 1,000,021 | 0 | 50.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Rachel Moore | RSU | 36,462 | — | $1,404,284 |
| Meghan Eilers | RSU | 46,972 | — | 1,840,833 |
| Rachel Moore | PSU | 48,990 | — | 1,886,783 |
| Meghan Eilers | PSU | 63,411 | — | 2,485,077 |
| Corey Code | RSU | 70,484 | — | 2,714,595 |
| Greg Givens | RSU | 83,728 | — | 3,281,300 |
| Corey Code | PSU | 94,631 | — | 3,644,584 |
| Greg Givens | PSU | 114,823 | — | 4,499,913 |
| Brendan McCracken | RSU | 230,256 | — | 9,023,733 |
| Brendan McCracken | PSU | 311,860 | — | 12,221,793 |
Director compensation
No director compensation table is on file for fiscal year 2025.
Board fee structure and ownership guideline
| Annual cash retainer | $95,400 |
|---|---|
| Annual equity retainer | $210,300 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 20,000 / 20,000 |
| Stock ownership guideline | five times annual cash compensation within five years |
Peer group, and who names Ovintiv as a peer
Companies that benchmark against OVV
20 companies name OVV as a compensation peer
The list of companies that name OVV as a peer is temporarily unavailable — recheck shortly.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
The companies Ovintiv Inc. names as compensation peers that name it back in their own disclosed peer groups.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Occidental Petroleum Corporation | 2025 | Vicki Hollub | $1,596,781 | $12,298,207 | $0 | $3,200,000 | $18,055,969 |
| 2 | Hess Corporation | 2024 | John Hess | 1,575,000 | 12,075,036 | 0 | 4,358,700 | 18,036,267 |
| 3 | EOG Resources Inc. | 2025 | Ezra Yacob | 1,434,615 | 12,729,628 | 0 | 2,718,800 | 17,576,636 |
| 4 | EQT Corporation | 2025 | Toby Rice | 1 | 13,552,232 | 0 | 2,535,000 | 16,087,233 |
| 5 | Diamondback Energy, Inc. | 2025 | Kaes Van t Hof | 1,109,500 | 11,101,462 | 0 | 2,676,350 | 14,931,423 |
| 6 | Coterra Energy Inc. | 2024 | Thomas Jorden | 1,198,558 | 10,628,850 | 0 | 2,500,000 | 14,748,960 |
| 7 | Ovintiv Inc. | 2025 | Brendan McCracken | 1,185,000 | 9,900,005 | 0 | 2,136,750 | 13,693,140 |
| 8 | APA Corporation | 2025 | John Christmann IV | 1,300,000 | 6,018,436 | 1,897,996 | 3,454,360 | 13,202,517 |
| 9 | Devon Energy Corporation | 2025 | Clay Gaspar | 938,125 | 9,633,689 | 0 | 1,612,000 | 12,566,384 |
| 10 | Permian Resources Group | 2025 | William Hickey III | 0 | 11,432,842 | 0 | 0 | 11,432,842 |
| 11 | Expand Energy Corporation | 2025 | Domenic Dell'Osso | 947,346 | 8,890,444 | — | — | 9,879,106 |
| 12 | Matador Resources | 2025 | Joseph Foran | 1,800,000 | 4,222,400 | 0 | 3,726,000 | 9,775,611 |
| 13 | Chord Energy Corp. | 2025 | Daniel Brown | 850,000 | 6,362,910 | 0 | 1,275,000 | 8,567,235 |
| 14 | Civitas Resources Inc. | 2024 | M. Christopher Doyle | 1,431,150 | 6,933,919 | 0 | 0 | 8,385,769 |
| 15 | Range Resources Corporation | 2025 | Dennis Degner | 932,500 | 6,143,877 | 0 | 1,128,000 | 8,375,421 |
| 16 | Murphy Oil Corporation | 2025 | Eric Hambly | 950,000 | 4,917,315 | 0 | 1,324,063 | 7,651,445 |
| 17 | Antero Resources Corporation | 2025 | Michael Kennedy | 655,470 | 4,325,734 | 0 | 1,678,307 | 6,687,656 |
| — | Canadian Natural Resources Ltd. | — | — | — | — | — | — | not in coverage universe |
| — | ARC Resources Ltd. | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Ovintiv Inc. | 140% | RSU 50 · PSU 50 | Yes — Relative TSR | FW Cook |
| Antero Resources Corporation | 157.2% | PSU 50 · RSU 50 | Yes — Absolute TSR | CBIZ Compensation Consulting |
| APA Corporation | 189.8% | PSU 60 · Options 20 · RSU 20 | Yes — Relative TSR | Pearl Meyer & Partners, LLC |
| ARC Resources Ltd. | not disclosed | not disclosed | not disclosed | not disclosed |
| Canadian Natural Resources Ltd. | not disclosed | not disclosed | not disclosed | not disclosed |
| Chord Energy Corp. | not disclosed | not disclosed | not disclosed | Meridian Compensation Partners, LLC |
| Civitas Resources Inc. | not disclosed | PSU 70 · RSU 30 | Yes — Absolute TSR | Meridian Compensation Partners, LLC |
| Coterra Energy Inc. | 174% | PSU 50 · RSU 50 | Yes — Relative TSR | F.W. Cook and Zayla Partners |
| Devon Energy Corporation | 124% | PSU 60 · RSU 40 | Yes — Relative TSR | Meridian Compensation Partners, LLC |
| Diamondback Energy, Inc. | 161% | PSU 60 · RSU 40 | Yes — Total Stockholder Return (relative to TSR performance peer group) | Meridian |
| EOG Resources Inc. | 125% | PSU 60 · RSU 40 | Yes — Relative TSR vs Performance Peer Group | Meridian Compensation Partners, LLC |
| EQT Corporation | 169% | PSU 60 · RSU 40 | No | Meridian Compensation Partners, LLC |
| Expand Energy Corporation | not disclosed | PSU 70 · RSU 30 | Yes — Absolute TSR | Meridian Compensation Partners, LLC |
| Hess Corporation | 184.3% | Restricted Stock 100 | not disclosed | Semler Brossy Consulting Group LLC |
| Matador Resources | not disclosed | Cash LTI 50 · PSU 50 | No | Meridian Compensation Partners, LLC |
| Murphy Oil Corporation | not disclosed | not disclosed | not disclosed | Meridian Compensation Partners LLC |
| Occidental Petroleum Corporation | 125% | PSU 60 · RSU 40 | Yes — Total Shareholder Return (TSR) | Meridian Compensation Partners, LLC |
| Permian Resources Group | 150% | PSU 100 | Yes — Relative TSR | Meridian Compensation Partners, LLC |
| Range Resources Corporation | not disclosed | PSU 60 · RSU 40 | Yes — Total Stockholder Return (TSR) | Meridian Compensation Partners, LLC |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-06 | 212,529,856 | 7,328,913 | 732,891 | 96.35% | Passed |
| 2025 | 2025-05-01 | 191,966,561 | 12,334,085 | 235,771 | 93.85% | Passed |
| 2024 | 2024-05-02 | 193,170,054 | 7,326,219 | 216,707 | 96.24% | Passed |
| 2023 | 2023-05-03 | 167,308,173 | 5,820,963 | 453,126 | 96.39% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-06 | 96.35%a |
| 2025 | 2025-05-01 | 93.85%b |
| 2024 | 2024-05-02 | 96.24%c |
a. Approved under the standard stated in the filing — “Abstentions will have the effect of a vote against these Items.”.
b. Approved under the standard stated in the filing — “Abstentions will have the effect of a vote against these Items.”.
c. Approved under the standard stated in the filing — “Abstentions will have the effect of a vote against these Items.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 70.6 : 1 |
|---|---|
| CEO total compensation | $13,693,140 |
| Median employee compensation | $194,016 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (52 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Brendan McCracken. DEF 14A, filed 2026-03-25. Section “Summary Compensation Table” · page 53. As printed: 13,693,140. View filing ↗
- Section 01, Greg Givens. DEF 14A, filed 2026-03-25. Section “Summary Compensation Table”. As printed: 5,373,052. View filing ↗
- Section 01, Corey Code. DEF 14A, filed 2026-03-25. Section “Summary Compensation Table”. As printed: 4,701,082. View filing ↗
- Section 01, Meghan Eilers. DEF 14A, filed 2026-03-25. Section “Summary Compensation Table”. As printed: 3,203,756. View filing ↗
- Section 01, Rachel Moore. DEF 14A, filed 2026-03-25. Section “Summary Compensation Table”. As printed: 2,721,010. View filing ↗
- Section 03, Greg Givens RSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Brendan McCracken PSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Corey Code PSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Greg Givens PSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Rachel Moore RSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Brendan McCracken RSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Corey Code RSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Meghan Eilers PSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Rachel Moore PSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Meghan Eilers RSU. DEF 14A, filed 2026-03-25. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-25. Section “CEO Pay Ratio”. As printed: 70.6 : 1. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-08. Item 5.07 · say-on-pay result. As reported: 96.35% (votes for as printed: 212,529,856). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-05. Item 5.07 · say-on-pay result. As reported: 93.85% (votes for as printed: 191,966,561). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-07. Item 5.07 · say-on-pay result. As reported: 96.24% (votes for as printed: 193,170,054). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Occidental Petroleum Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Occidental Petroleum Corporation's own proxy. As printed: 18,055,969. View filing ↗
- Hess Corporation, Section 10b CEO total. DEF 14A, filed 2025-04-04. CEO total compensation as printed in Hess Corporation's own proxy. As printed: 18,036,267. View filing ↗
- EOG Resources Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in EOG Resources Inc.'s own proxy. As printed: 17,576,636. View filing ↗
- EQT Corporation, Section 10b CEO total. DEF 14A, filed 2026-02-26. CEO total compensation as printed in EQT Corporation's own proxy. As printed: 16,087,233. View filing ↗
- Diamondback Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Diamondback Energy, Inc.'s own proxy. As printed: 14,931,423. View filing ↗
- Coterra Energy Inc., Section 10b CEO total. DEF 14A, filed 2025-03-20. CEO total compensation as printed in Coterra Energy Inc.'s own proxy. As printed: 14,748,960. View filing ↗
- Ovintiv Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Ovintiv Inc.'s own proxy. As printed: 13,693,140. View filing ↗
- APA Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in APA Corporation's own proxy. As printed: 13,202,517. View filing ↗
- Devon Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-05-28. CEO total compensation as printed in Devon Energy Corporation's own proxy. As printed: 12,566,384. View filing ↗
- Permian Resources Group, Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Permian Resources Group's own proxy. As printed: 11,432,842. View filing ↗
- Expand Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Expand Energy Corporation's own proxy. As printed: 9,879,106. View filing ↗
- Matador Resources, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Matador Resources's own proxy. As printed: 9,775,611. View filing ↗
- Chord Energy Corp., Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Chord Energy Corp.'s own proxy. As printed: 8,567,235. View filing ↗
- Civitas Resources Inc., Section 10b CEO total. DEF 14A, filed 2025-04-21. CEO total compensation as printed in Civitas Resources Inc.'s own proxy. As printed: 8,385,769. View filing ↗
- Range Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Range Resources Corporation's own proxy. As printed: 8,375,421. View filing ↗
- Murphy Oil Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Murphy Oil Corporation's own proxy. As printed: 7,651,445. View filing ↗
- Antero Resources Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Antero Resources Corporation's own proxy. As printed: 6,687,656. View filing ↗
- Section 10a, Murphy Oil Corporation reciprocity. DEF 14A. Murphy Oil Corporation names Ovintiv Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Matador Resources reciprocity. DEF 14A. Matador Resources names Ovintiv Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Expand Energy Corporation reciprocity. DEF 14A. Expand Energy Corporation names Ovintiv Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Antero Resources Corporation reciprocity. DEF 14A. Antero Resources Corporation names Ovintiv Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Devon Energy Corporation reciprocity. DEF 14A. Devon Energy Corporation names Ovintiv Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, APA Corporation reciprocity. DEF 14A. APA Corporation names Ovintiv Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Diamondback Energy, Inc. reciprocity. DEF 14A. Diamondback Energy, Inc. names Ovintiv Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, EOG Resources Inc. reciprocity. DEF 14A. EOG Resources Inc. names Ovintiv Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Permian Resources Group reciprocity. DEF 14A. Permian Resources Group names Ovintiv Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, EQT Corporation reciprocity. DEF 14A. EQT Corporation names Ovintiv Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Range Resources Corporation reciprocity. DEF 14A. Range Resources Corporation names Ovintiv Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Coterra Energy Inc. reciprocity. DEF 14A. Coterra Energy Inc. names Ovintiv Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Chord Energy Corp. reciprocity. DEF 14A. Chord Energy Corp. names Ovintiv Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Civitas Resources Inc. reciprocity. DEF 14A. Civitas Resources Inc. names Ovintiv Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗