Director at Ovintiv (NYSE: OVV) awarded 264 deferred share units

Rhea-AI Filing Summary

Ovintiv Inc. director Peter A. Dea received a grant of 264 Deferred Share Units (DSUs). The award is classified as a grant or other acquisition of a derivative security and is compensation-related rather than an open-market share purchase.

Each DSU is the economic equivalent of one share of Ovintiv common stock and earns dividend-equivalent DSUs. These DSUs are held until retirement from the Board. Following this grant, Dea directly holds 54,283 DSUs tied to Ovintiv common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DEA PETER A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Unit	264	$0.00	--

Holdings After Transaction: Deferred Share Unit — 54,283 shares (Direct)

Footnotes (1)

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. Dividend equivalent DSUs received in lieu of cash dividends for the first quarter of 2026.

Key Figures

Deferred Share Units granted: 264 units Total DSUs after transaction: 54,283 units Grant price per DSU: $0.0000

3 metrics

Deferred Share Units granted 264 units Dividend equivalent DSUs for the first quarter of 2026

Total DSUs after transaction 54,283 units Director Peter A. Dea’s direct holdings following the grant

Grant price per DSU $0.0000 Compensation grant, not an open-market purchase

Key Terms

Deferred Share Unit, dividend equivalent DSUs, economic equivalent, grant, award, or other acquisition

4 terms

Deferred Share Unit financial

"Each Deferred Share Unit ("DSU") is the economic equivalent of one share"

dividend equivalent DSUs financial

"and yields dividend equivalent DSUs. DSUs are held until retirement"

economic equivalent financial

"Each Deferred Share Unit ("DSU") is the economic equivalent of one share"

grant, award, or other acquisition financial

"transaction code A, described as Grant, award, or other acquisition"

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^*

DEA PETER A

(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)
03/31/2026

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)	03/31/2026		A		264		(1)	(1)	Common Stock	264	$0(2)	54,283	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 first quarter of 2026.

	/s/Dawna Gibb, by Power of Attorney	04/02/2026
	** 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 did Ovintiv (OVV) director Peter A. Dea report in this Form 4?

Peter A. Dea reported receiving 264 Deferred Share Units (DSUs) as a grant. These are compensation-related units economically equivalent to Ovintiv common stock and not shares bought in the open market, increasing his DSU holdings to 54,283 units following the transaction.

Are the Ovintiv (OVV) Deferred Share Units an open-market share purchase?

No, the 264 Deferred Share Units are a grant classified as a compensation award. The filing shows a transaction code A, meaning grant or award, with a price of $0.0000 per unit, indicating Dea did not buy these on the open market.

How many Deferred Share Units does Peter A. Dea hold after this Ovintiv (OVV) grant?

After receiving 264 new Deferred Share Units, Peter A. Dea holds 54,283 DSUs. Each DSU is economically equivalent to one Ovintiv common share and remains outstanding until his retirement from the Board, giving long-term alignment with shareholder value.

What are Deferred Share Units (DSUs) in the Ovintiv (OVV) Form 4 filing?

Deferred Share Units are derivative awards economically equivalent to common stock, granted as director compensation. They also receive dividend-equivalent DSUs instead of cash dividends and are held until the director retires from the Board, deferring realization of value to a later date.

Why did Ovintiv (OVV) grant 264 DSUs to its director for first quarter 2026?

The 264 Deferred Share Units represent dividend-equivalent DSUs received instead of cash dividends for the first quarter of 2026. Rather than paying cash, Ovintiv credits additional DSUs, increasing the director’s deferred equity-based compensation tied to the company’s common stock performance.