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Companies Ovintiv Inc.

Ovintiv (OVV): executive pay, fiscal 2025

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CEO total pay$13,693,140CEO Brendan McCracken · source
Say-on-pay support96.35%Latest vote · source
CEO vs. named peers63rd pct.Of 19 peer CEOs
CEO pay ratio70.6:1To the median employee · source

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

Who was the highest-paid executive at Ovintiv Inc. in fiscal 2025?
As disclosed, Brendan McCracken (President & Chief Executive Officer) was the highest-paid executive at Ovintiv Inc. in fiscal 2025, with total compensation of $13,693,140.
How does Ovintiv Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Brendan McCracken's total compensation ranked at the 63rd percentile of Ovintiv Inc.'s disclosed peer group.
What is Ovintiv Inc.'s CEO-to-median employee pay ratio?
As disclosed, Ovintiv Inc.'s CEO-to-median employee pay ratio was 70.6:1.
How did shareholders vote on Ovintiv Inc.'s executive compensation?
As disclosed, 96.35% of shareholders supported Ovintiv Inc.'s executive compensation in the latest say-on-pay vote.

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 officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Brendan McCracken$1,185,000$0$9,900,005$0$2,136,750$0$471,385$13,693,140
President & Chief Executive Officer
Greg Givens712,50003,500,0550997,5000162,9975,373,052
Executive Vice-President & Chief Operating Officer
Corey Code588,91003,150,4160824,4740137,2824,701,082
Executive Vice-President & Chief Financial Officer
Meghan Eilers518,75002,000,0430563,5000121,4633,203,756
Executive Vice-President, Midstream & Marketing and General Counsel
Rachel Moore459,13501,646,8490498,6310116,3952,721,010
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Brendan McCracken$13,693,140$13,031,675$11,783,939↑ +661,465
Greg Givens5,373,0525,309,3155,040,615↑ +63,737
Corey Code4,701,0824,440,5243,932,161↑ +260,558
Meghan Eilers3,203,7563,108,6212,711,953↑ +95,135
Rachel Moore2,721,0102,470,8382,267,968↑ +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 consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Greg GivensRSU2025-03-10——45,162—$1,750,028
Brendan McCrackenPSU2025-03-10—127,742—255,4844,950,003
Corey CodePSU2025-03-10—39,314—78,6281,575,208
Greg GivensPSU2025-03-10—45,162—90,3241,750,028
Rachel MooreRSU2025-03-10——20,551—823,424
Brendan McCrackenRSU2025-03-10——127,742—4,950,003
Corey CodeRSU2025-03-10——39,314—1,575,208
Meghan EilersPSU2025-03-10—25,807—51,6141,000,021
Rachel MoorePSU2025-03-10—20,551—41,102823,424
Meghan EilersRSU2025-03-10——25,807—1,000,021

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Greg Givens$1,750,028$1,750,028$050.0%
Brendan McCracken4,950,0034,950,003050.0%
Corey Code1,575,2081,575,208050.0%
Rachel Moore823,424823,424050.0%
Meghan Eilers1,000,0211,000,021050.0%

% 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

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Rachel MooreRSU36,462—$1,404,284
Meghan EilersRSU46,972—1,840,833
Rachel MoorePSU48,990—1,886,783
Meghan EilersPSU63,411—2,485,077
Corey CodeRSU70,484—2,714,595
Greg GivensRSU83,728—3,281,300
Corey CodePSU94,631—3,644,584
Greg GivensPSU114,823—4,499,913
Brendan McCrackenRSU230,256—9,023,733
Brendan McCrackenPSU311,860—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 guidelinefive 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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Occidental Petroleum Corporation2025Vicki Hollub$1,596,781$12,298,207$0$3,200,000$18,055,969
2Hess Corporation2024John Hess1,575,00012,075,03604,358,70018,036,267
3EOG Resources Inc.2025Ezra Yacob1,434,61512,729,62802,718,80017,576,636
4EQT Corporation2025Toby Rice113,552,23202,535,00016,087,233
5Diamondback Energy, Inc.2025Kaes Van t Hof1,109,50011,101,46202,676,35014,931,423
6Coterra Energy Inc.2024Thomas Jorden1,198,55810,628,85002,500,00014,748,960
7Ovintiv Inc.2025Brendan McCracken1,185,0009,900,00502,136,75013,693,140
8APA Corporation2025John Christmann IV1,300,0006,018,4361,897,9963,454,36013,202,517
9Devon Energy Corporation2025Clay Gaspar938,1259,633,68901,612,00012,566,384
10Permian Resources Group2025William Hickey III011,432,8420011,432,842
11Expand Energy Corporation2025Domenic Dell'Osso947,3468,890,444——9,879,106
12Matador Resources2025Joseph Foran1,800,0004,222,40003,726,0009,775,611
13Chord Energy Corp.2025Daniel Brown850,0006,362,91001,275,0008,567,235
14Civitas Resources Inc.2024M. Christopher Doyle1,431,1506,933,919008,385,769
15Range Resources Corporation2025Dennis Degner932,5006,143,87701,128,0008,375,421
16Murphy Oil Corporation2025Eric Hambly950,0004,917,31501,324,0637,651,445
17Antero Resources Corporation2025Michael Kennedy655,4704,325,73401,678,3076,687,656
—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

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Ovintiv Inc.140%RSU 50 · PSU 50Yes — Relative TSRFW Cook
Antero Resources Corporation157.2%PSU 50 · RSU 50Yes — Absolute TSRCBIZ Compensation Consulting
APA Corporation189.8%PSU 60 · Options 20 · RSU 20Yes — Relative TSRPearl Meyer & Partners, LLC
ARC Resources Ltd.not disclosednot disclosednot disclosednot disclosed
Canadian Natural Resources Ltd.not disclosednot disclosednot disclosednot disclosed
Chord Energy Corp.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Civitas Resources Inc.not disclosedPSU 70 · RSU 30Yes — Absolute TSRMeridian Compensation Partners, LLC
Coterra Energy Inc.174%PSU 50 · RSU 50Yes — Relative TSRF.W. Cook and Zayla Partners
Devon Energy Corporation124%PSU 60 · RSU 40Yes — Relative TSRMeridian Compensation Partners, LLC
Diamondback Energy, Inc.161%PSU 60 · RSU 40Yes — Total Stockholder Return (relative to TSR performance peer group)Meridian
EOG Resources Inc.125%PSU 60 · RSU 40Yes — Relative TSR vs Performance Peer GroupMeridian Compensation Partners, LLC
EQT Corporation169%PSU 60 · RSU 40NoMeridian Compensation Partners, LLC
Expand Energy Corporationnot disclosedPSU 70 · RSU 30Yes — Absolute TSRMeridian Compensation Partners, LLC
Hess Corporation184.3%Restricted Stock 100not disclosedSemler Brossy Consulting Group LLC
Matador Resourcesnot disclosedCash LTI 50 · PSU 50NoMeridian Compensation Partners, LLC
Murphy Oil Corporationnot disclosednot disclosednot disclosedMeridian Compensation Partners LLC
Occidental Petroleum Corporation125%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR)Meridian Compensation Partners, LLC
Permian Resources Group150%PSU 100Yes — Relative TSRMeridian Compensation Partners, LLC
Range Resources Corporationnot disclosedPSU 60 · RSU 40Yes — 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 yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-06212,529,8567,328,913732,89196.35%Passed
20252025-05-01191,966,56112,334,085235,77193.85%Passed
20242024-05-02193,170,0547,326,219216,70796.24%Passed
20232023-05-03167,308,1735,820,963453,12696.39%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 yearMeeting dateApproval — company’s computation
20262026-05-0696.35%a
20252025-05-0193.85%b
20242024-05-0296.24%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 ↗
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