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Ovintiv (OVV) CFO adds RSU and DSU holdings from Q4 2025 dividends

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Ovintiv Inc.'s Executive Vice President and Chief Financial Officer reported routine equity-based compensation tied to the company’s common stock. On 12/31/2025, the officer acquired 533 Restricted Share Units (RSUs), which are each economically equivalent to one share of Ovintiv common stock and include dividend-equivalent RSUs. Following this transaction, the officer held 70,483 RSUs in total.

The officer also acquired 22 Deferred Share Units (DSUs) on the same date, bringing total DSU holdings to 2,849 units. Both the RSUs and DSUs were credited as dividend equivalents received in lieu of cash dividends for the fourth quarter of 2025. RSU vesting and exercisability follow Ovintiv’s Omnibus Incentive Plan and the related grant agreement, while DSUs are held until retirement from the company.

Positive

  • None.

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Insider Code Corey Douglas
Role EVP & CFO
Type Security Shares Price Value
Grant/Award Restricted Share Unit 533 $0.00 --
Grant/Award Deferred Share Unit 22 $0.00 --
Holdings After Transaction: Restricted Share Unit — 70,483 shares (Direct); Deferred Share Unit — 2,849 shares (Direct)
Footnotes (1)
  1. Each Restricted Share Unit ("RSU'') is the economic equivalent of one share of common stock of Ovintiv Inc. ("Ovintiv") and yields dividend equivalent RSUs. Vesting and exercise will occur in accordance with the Omnibus Incentive Plan and the applicable grant agreement and on the same schedule as the underlying RSUs, subject to the grantee's continued employment with Ovintiv through the applicable exercise date. Dividend equivalent RSUs received in lieu of cash dividends for the fourth quarter of 2025. Each Deferred Share Unit ("DSU") is the economic equivalent of one share of common stock of Ovintiv and yields dividend equivalent DSUs. DSUs are held until retirement from the company. Dividend equivalent DSUs received in lieu of cash dividends for the fourth quarter of 2025.
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*
Code Corey Douglas

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP & CFO
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
Restricted Share Unit (1) 12/31/2025 A 533 (1) (1) Common Stock 533 $0(2) 70,483 D
Deferred Share Unit (3) 12/31/2025 A 22 (3) (3) Common Stock 22 $0(4) 2,849 D
Explanation of Responses:
1. Each Restricted Share Unit ("RSU'') is the economic equivalent of one share of common stock of Ovintiv Inc. ("Ovintiv") and yields dividend equivalent RSUs. Vesting and exercise will occur in accordance with the Omnibus Incentive Plan and the applicable grant agreement and on the same schedule as the underlying RSUs, subject to the grantee's continued employment with Ovintiv through the applicable exercise date.
2. Dividend equivalent RSUs received in lieu of cash dividends for the fourth quarter of 2025.
3. Each Deferred Share Unit ("DSU") is the economic equivalent of one share of common stock of Ovintiv and yields dividend equivalent DSUs. DSUs are held until retirement from the company.
4. 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.
* 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.

FAQ

What did Ovintiv (OVV) disclose in this insider transaction filing?

Ovintiv reported that its Executive Vice President and Chief Financial Officer acquired 533 Restricted Share Units (RSUs) and 22 Deferred Share Units (DSUs) on 12/31/2025, primarily as dividend-equivalent awards tied to the company’s common stock.

Who is the reporting person in this Ovintiv (OVV) Form 4 filing and what is their role?

The reporting person is an Officer of Ovintiv Inc., serving as EVP & CFO, and is disclosing changes in their equity-based holdings in the company.

How many Ovintiv (OVV) Restricted Share Units does the CFO hold after this transaction?

After acquiring 533 RSUs on 12/31/2025, the EVP & CFO beneficially owns a total of 70,483 Restricted Share Units, each economically equivalent to one share of Ovintiv common stock.

What are Ovintiv (OVV) Deferred Share Units and how many does the CFO now hold?

Each Deferred Share Unit (DSU) is economically equivalent to one Ovintiv common share and yields dividend-equivalent DSUs. Following the acquisition of 22 DSUs on 12/31/2025, the EVP & CFO holds 2,849 DSUs, which are retained until retirement from the company.

What is the origin of the RSUs and DSUs reported in this Ovintiv (OVV) filing?

The 533 RSUs and 22 DSUs disclosed were credited as dividend equivalents, received in lieu of cash dividends for Ovintiv’s fourth quarter of 2025, in line with the company’s compensation arrangements.

How do Ovintiv (OVV) RSUs vest according to this insider filing?

The filing states that each RSU is governed by Ovintiv’s Omnibus Incentive Plan and the applicable grant agreement, with vesting and exercise occurring on the same schedule as the underlying RSUs, subject to the grantee’s continued employment through the applicable exercise date.

Do the Ovintiv (OVV) RSUs and DSUs include dividend equivalents?

Yes. The filing explains that each RSU and each DSU is the economic equivalent of one share of Ovintiv common stock and yields dividend equivalent units, which in this case were credited instead of paying cash dividends for the fourth quarter of 2025.