Ovintiv (OVV) director adds 180 dividend-linked deferred share units

Rhea-AI Filing Summary

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

Ovintiv Inc. director Brian Gordon Shaw received 180 Deferred Share Units (DSUs) as a grant tied to first-quarter 2026 cash dividends. Each DSU is economically equivalent to one share of Ovintiv common stock and accrues dividend equivalents. After this award, he holds 37,162 DSUs, which are retained until retirement from the Board.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shaw Brian Gordon

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Unit	180	$0.00	--

Holdings After Transaction: Deferred Share Unit — 37,162 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

DSUs granted: 180 Deferred Share Units Total DSU holdings: 37,162 Deferred Share Units Underlying common shares: 180 common shares equivalent +1 more

4 metrics

DSUs granted 180 Deferred Share Units Grant/award acquisition on March 31, 2026

Total DSU holdings 37,162 Deferred Share Units Holdings following the reported transaction

Underlying common shares 180 common shares equivalent Each DSU equals one Ovintiv common share

Transaction price $0.0000 per DSU Equity award with no cash paid by director

Key Terms

Deferred Share Unit, dividend equivalent DSUs, economic equivalent, in lieu of cash dividends

4 terms

Deferred Share Unit 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."

economic equivalent financial

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

in lieu of cash dividends financial

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

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^*

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)
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		180		(1)	(1)	Common Stock	180	$0(2)	37,162	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 insider transaction did Ovintiv (OVV) director Brian Gordon Shaw report?

Brian Gordon Shaw reported an acquisition of 180 Deferred Share Units (DSUs). The DSUs were granted as dividend equivalents for Ovintiv’s first-quarter 2026 cash dividends and increase his deferred equity-based compensation balance tied to Ovintiv common stock performance.

How many Deferred Share Units does Brian Gordon Shaw hold in Ovintiv (OVV) after this filing?

After the reported transaction, Brian Gordon Shaw holds 37,162 Deferred Share Units. These DSUs are economically equivalent to shares of Ovintiv common stock and are designed to remain outstanding until he retires from the company’s Board of Directors.

What are Deferred Share Units (DSUs) in the context of Ovintiv (OVV)?

Deferred Share Units are equity-based awards economically equivalent to one share of Ovintiv common stock. They also generate dividend equivalent DSUs. According to the filing, Shaw’s DSUs are held until his retirement from the Board, aligning his interests with long-term shareholder outcomes.

Why did Brian Gordon Shaw receive 180 DSUs from Ovintiv (OVV)?

The 180 Deferred Share Units were issued as dividend equivalent DSUs in lieu of cash dividends for Ovintiv’s first quarter of 2026. Instead of cash, Shaw received additional DSUs, increasing his deferred equity exposure to the company’s common stock over time.

Does the Ovintiv (OVV) Form 4 indicate any stock sales by Brian Gordon Shaw?

The Form 4 reports only an acquisition of 180 Deferred Share Units as a grant or award. The transaction code is “A,” and the filing shows no sales or dispositions, with his total DSU holdings rising to 37,162 units following this award.