Ovintiv (OVV) director acquires 48 DSUs as Q4 2025 dividend equivalents

Rhea-AI Filing Summary

Ovintiv Inc. director reports dividend-equivalent deferred share units. A board member of Ovintiv Inc. filed a Form 4 showing an acquisition of 48 Deferred Share Units (DSUs) on 12/31/2025. Each DSU is the economic equivalent of one share of Ovintiv common stock and accrues dividend-equivalent DSUs, which are held until the director retires from the Board.

The 48 DSUs were received in lieu of cash dividends for the fourth quarter of 2025. Following this transaction, the director beneficially owns 6,377 derivative securities in the form of DSUs, held in direct ownership.

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)
12/31/2025

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)	12/31/2025		A		48		(1)	(1)	Common Stock	48	$0(2)	6,377	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.

2. Dividend equivalent DSUs received in lieu of cash dividends for the fourth quarter of 2025.

	/s/ Dawna Gibb, by Power of Attorney	01/05/2026
	** 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) report in this Form 4?

The filing reports that an Ovintiv Inc. director acquired 48 Deferred Share Units (DSUs) on 12/31/2025, recorded as a Form 4 insider transaction.

How many deferred share units does the Ovintiv (OVV) director now hold?

After the reported transaction, the director beneficially owns 6,377 derivative securities in the form of Deferred Share Units, held directly.

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

Each Deferred Share Unit (DSU) is described as the economic equivalent of one share of Ovintiv common stock and yields dividend-equivalent DSUs, which are held until the director retires from the Board.

Why did the Ovintiv director receive 48 DSUs instead of cash?

The 48 DSUs are identified as dividend equivalent DSUs received in lieu of cash dividends for the fourth quarter of 2025.

Is the Ovintiv (OVV) insider transaction reported as directly owned?

Yes. The Form 4 shows the ownership form as Direct (D) for the 6,377 DSUs beneficially owned following the reported transaction.

What was the reported price for the Ovintiv (OVV) DSU acquisition?

The table lists a price of $0 for the 48 DSUs, reflecting that they were received as dividend equivalents rather than purchased for cash.