Ovintiv (OVV) director Ralph Izzo receives 407 deferred share units as board compensation

Rhea-AI Filing Summary

IZZO RALPH reported acquisition or exercise transactions in this Form 4 filing.

Ovintiv Inc. director Ralph Izzo reported a grant of 407 Deferred Share Units (DSUs), each economically equivalent to one share of Ovintiv common stock. After this award, he holds 7,299 DSUs directly. These DSUs also receive dividend equivalent DSUs and are held until his retirement from the Board.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider IZZO RALPH

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Unit	407	$0.00	--

Holdings After Transaction: Deferred Share Unit — 7,299 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

DSUs granted: 407 Deferred Share Units Total DSUs after grant: 7,299 Deferred Share Units Transaction price per DSU: $0.0000 per unit +1 more

4 metrics

DSUs granted 407 Deferred Share Units Grant/award acquisition on 2026-05-15

Total DSUs after grant 7,299 Deferred Share Units Holdings following reported transaction

Transaction price per DSU $0.0000 per unit Compensation-related award, not open-market trade

Underlying common shares 407 shares equivalent Each DSU equals one Ovintiv common share

Key Terms

Deferred Share Unit, dividend equivalent DSUs, grant/award acquisition, economic equivalent

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

"Each Deferred Share Unit ("DSU") ... and yields dividend equivalent DSUs."

grant/award acquisition financial

"transaction_action: "grant/award acquisition" with transaction code A"

economic equivalent financial

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

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^*

IZZO RALPH

(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)
			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)	05/15/2026		A		407		(1)	(1)	Common Stock	407	$0	7,299	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)

FAQ

What insider transaction did Ovintiv (OVV) director Ralph Izzo report?

Ralph Izzo reported receiving 407 Deferred Share Units as a grant or award. These units are part of his director compensation and increase his total DSU holdings to 7,299, aligning his economic exposure with Ovintiv common shareholders.

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

A Deferred Share Unit is the economic equivalent of one Ovintiv common share. DSUs track the share price, receive dividend equivalent DSUs, and are typically settled in cash or shares later, helping align director compensation with long-term shareholder value.

How many Ovintiv (OVV) DSUs does Ralph Izzo hold after this transaction?

After the grant of 407 Deferred Share Units, Ralph Izzo holds 7,299 DSUs directly. This figure reflects his cumulative deferred equity-based compensation as a director, reinforcing long-term alignment with Ovintiv’s common stock performance over time.

Does the Ovintiv (OVV) director DSU grant involve a cash purchase or sale?

The reported 407 Deferred Share Units were acquired as a grant or award at a stated price of $0.0000 per unit. This indicates a compensation-related award, not an open-market cash purchase or sale of Ovintiv common shares by the director.

How do dividend equivalent DSUs work for Ovintiv (OVV) directors?

Each Deferred Share Unit yields dividend equivalent DSUs when Ovintiv pays dividends on its common stock. Instead of cash, additional DSUs are credited, compounding the director’s deferred equity exposure and mirroring the economic effect of reinvested dividends.

When are Ovintiv (OVV) director DSUs typically settled?

The footnote states DSUs are held until retirement from the Board. At or after retirement, DSUs are usually settled according to plan terms, providing directors with the accumulated economic value tied to Ovintiv’s stock and dividend history.