Director Ralph Izzo awarded 482 Ovintiv (NYSE: OVV) deferred share units

Rhea-AI Filing Summary

IZZO RALPH reported acquisition or exercise transactions in this Form 4 filing.

Ovintiv Inc. director Ralph Izzo reported an equity compensation grant in the form of deferred share units. He was awarded 482 Deferred Share Units (DSUs) on February 27, 2026, bringing his direct holdings of DSUs to 6,859. Each DSU is economically equivalent to one share of Ovintiv common stock and also earns dividend-equivalent DSUs, which accumulate over time. These DSUs are held until Mr. Izzo retires from the Board, aligning a portion of his compensation with the company’s long-term share performance.

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

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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^*

IZZO RALPH

(Last) (First) (Middle)

C/O 370 17TH STREET, SUITE 1700

(Street)

DENVER CO 80202

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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

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

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

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)	02/27/2026		A		482		(1)	(1)	Common Stock	482	$0	6,859	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	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Ovintiv (OVV) director Ralph Izzo report?

Ralph Izzo reported receiving 482 Deferred Share Units as an equity award. This grant increased his direct DSU holdings to 6,859 units, each economically equivalent to one Ovintiv common share and accruing dividend-equivalent DSUs until his retirement from the Board.

How many Deferred Share Units does Ralph Izzo hold in Ovintiv (OVV) after this filing?

After the reported grant, Ralph Izzo holds 6,859 Deferred Share Units. These units mirror the value of Ovintiv common stock and also receive dividend-equivalent DSUs, which remain invested until he retires from Ovintiv’s Board of Directors under the plan’s terms.

What is a Deferred Share Unit (DSU) in the context of Ovintiv (OVV)?

A Deferred Share Unit at Ovintiv is economically equivalent to one common share and earns dividend-equivalent DSUs. Directors typically cannot cash these units out until they retire from the Board, tying a portion of their compensation to Ovintiv’s long-term share performance and dividends.

Was the Ovintiv (OVV) Form 4 transaction a market purchase or sale?

The Form 4 shows a grant of 482 Deferred Share Units to Ralph Izzo, not a market trade. It is classified as a grant, award, or other acquisition, reflecting non-cash director compensation rather than open-market buying or selling of Ovintiv common stock.

On what date were Ralph Izzo’s Ovintiv (OVV) Deferred Share Units granted?

The 482 Deferred Share Units granted to Ralph Izzo were dated February 27, 2026. On that date, his equity-based compensation increased, and his total DSU holdings rose to 6,859 units, all subject to settlement after his retirement from Ovintiv’s Board.

Do Ovintiv (OVV) Deferred Share Units pay dividends to directors?

Ovintiv’s Deferred Share Units generate dividend-equivalent DSUs rather than cash dividends. When Ovintiv pays dividends on common shares, additional DSUs are credited, compounding the director’s unit balance until retirement from the Board, when the accumulated DSUs can be settled.