Director at Ovintiv (NYSE: OVV) receives 407 deferred share units

Rhea-AI Filing Summary

King Terri Gay reported acquisition or exercise transactions in this Form 4 filing.

Ovintiv Inc. director Terri Gay King received a grant of 407 Deferred Share Units (DSUs). Each DSU is the economic equivalent of one share of Ovintiv common stock and also earns dividend-equivalent DSUs. The award was granted at $0.00 per unit as director compensation.

After this grant, King holds 407 DSUs, all reported as directly owned. DSUs are designed for long-term alignment, as they are held until the director retires from the Board, at which point they can typically be settled into common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider King Terri Gay

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Unit	407	$0.00	--

Holdings After Transaction: Deferred Share Unit — 407 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Deferred Share Units granted: 407 units Grant price per DSU: $0.00 per unit DSUs held after transaction: 407 units +1 more

4 metrics

Deferred Share Units granted 407 units Grant to director Terri Gay King on May 15, 2026

Grant price per DSU $0.00 per unit Equity award, non-cash compensation

DSUs held after transaction 407 units Total Deferred Share Units directly owned post-grant

Underlying common shares 407 shares Each DSU economically equals one Ovintiv common share

Key Terms

Deferred Share Unit, DSU, dividend equivalent DSUs, retirement from the Board

4 terms

Deferred Share Unit financial

"Each Deferred Share Unit ("DSU") is the economic equivalent of one share of common stock of Ovintiv Inc."

DSU financial

"Each Deferred Share Unit ("DSU") is the economic equivalent of one share of common stock of Ovintiv Inc."

dividend equivalent DSUs financial

"Each Deferred Share Unit ("DSU") ... yields dividend equivalent DSUs."

retirement from the Board financial

"DSUs are held until retirement from the Board."

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

King Terri Gay

(Last) (First) (Middle)

C/O 370 17TH STREET, SUITE 1700

(Street)

DENVER COLORADO 80202

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ovintiv Inc. [ OVV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Share Unit	(1)	05/15/2026		A		407		(1)	(1)	Common Stock	407	$0	407	D

Explanation of Responses:

1. Each Deferred Share Unit ("DSU") is the economic equivalent of one share of common stock of Ovintiv Inc. and yields dividend equivalent DSUs. DSUs are held until retirement from the Board.

	/s/ Dawna Gibb, by Power of Attorney	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Ovintiv (OVV) report for Terri Gay King?

Ovintiv reported that director Terri Gay King received 407 Deferred Share Units as a stock-based award. These DSUs are equivalent in value to common shares and form part of her long-term equity compensation as a board member.

How many Deferred Share Units did the Ovintiv (OVV) director receive?

Terri Gay King received 407 Deferred Share Units in this Form 4 filing. Each unit mirrors the value of one Ovintiv common share and accumulates dividend-equivalent DSUs, increasing alignment between her compensation and shareholder returns over time.

What is a Deferred Share Unit in the Ovintiv (OVV) Form 4 filing?

A Deferred Share Unit is an equity-based award that tracks the value of one Ovintiv common share. The DSUs also earn dividend-equivalent DSUs and are generally not settled until the director retires from the Board, supporting long-term ownership orientation.

Did Terri Gay King buy or sell Ovintiv (OVV) shares on the market?

The Form 4 shows a grant of 407 Deferred Share Units as compensation, not an open-market trade. The transaction code is a grant or award acquisition, with no cash purchase and no reported sale of Ovintiv common stock in this filing.

How many Ovintiv (OVV) Deferred Share Units does the director hold after the grant?

Following the reported grant, Terri Gay King holds 407 Deferred Share Units. These units are directly owned and remain deferred until she retires from Ovintiv’s Board, when they can typically be settled into common shares subject to plan terms.