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

A Deferred Share Unit is the economic equivalent of one Ovintiv common share. DSUs track the share value, receive dividend-equivalent DSUs, and are typically paid out later, aligning director compensation with shareholder interests over a longer-term horizon as described in this filing.

When can Brian Gordon Shaw access the Deferred Share Units reported for Ovintiv (OVV)?

The Deferred Share Units are held until his retirement from the Board. This means Shaw’s 414 newly granted DSUs, and his total 37,576 DSUs, remain deferred, reinforcing long-term alignment with shareholders instead of immediate cash or share settlement.

Director Brian Gordon Shaw of Ovintiv (OVV) granted 414 deferred share units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Shaw Brian Gordon reported acquisition or exercise transactions in this Form 4 filing.

Ovintiv Inc. director Brian Gordon Shaw received a grant of 414 Deferred Share Units (DSUs) on common stock equivalents. These DSUs, which are the economic equivalent of one Ovintiv common share each and accrue dividend-equivalent DSUs, will be held until his retirement from the Board, bringing his direct DSU holdings to 37,576.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shaw Brian Gordon

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Unit	414	$0.00	--

Holdings After Transaction: Deferred Share Unit — 37,576 shares (Direct, null)

Footnotes (1)

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Key Figures

Deferred Share Units granted: 414 units DSU holdings after grant: 37,576 units Grant price per DSU: $0.00 +2 more

5 metrics

Deferred Share Units granted 414 units Grant of DSUs on common stock equivalents

DSU holdings after grant 37,576 units Total direct DSUs following transaction

Grant price per DSU $0.00 Stated transaction price per unit

Underlying common shares 414 shares Common stock underlying the DSUs granted

Transaction date 2026-05-15 Date of DSU grant

Key Terms

Deferred Share Unit, economic equivalent, dividend equivalent DSUs

3 terms

economic equivalent financial

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

dividend equivalent DSUs financial

"and yields dividend equivalent DSUs. DSUs are held until retirement from the Board."

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 05:28 PM

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^*

Shaw Brian Gordon

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Share Unit	⁽¹⁾	05/15/2026		A		414		⁽¹⁾	⁽¹⁾	Common Stock	414	$0	37,576	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Ovintiv (OVV) director Brian Gordon Shaw report?

Brian Gordon Shaw reported receiving 414 Deferred Share Units as a grant. These units are tied to Ovintiv common stock, increasing his direct DSU holdings to 37,576 and reflecting routine board compensation rather than an open-market share purchase or sale.

How many Ovintiv (OVV) DSUs does Brian Gordon Shaw hold after this grant?

After receiving 414 new Deferred Share Units, Brian Gordon Shaw holds 37,576 DSUs directly. Each DSU mirrors one Ovintiv common share economically, so this total represents his accumulated deferred equity-based board compensation reported in the Form 4 filing.

Does Brian Gordon Shaw’s DSU award in Ovintiv (OVV) involve cash or a market trade?

The DSU award reflects a grant, not a market trade or cash transaction. The 414 Deferred Share Units were acquired at a stated price of $0.00 per unit, representing equity-based compensation rather than a purchase or sale on the open market.