How many deferred share units does the Ovintiv (OVV) director own after this transaction?

After the reported transaction, the director beneficially owns 36,982 Deferred Share Units, all reported as directly held.

What is a Deferred Share Unit (DSU) in the context of Ovintiv Inc. (OVV)?

Each Deferred Share Unit (DSU) is the economic equivalent of one share of Ovintiv common stock and yields dividend equivalent DSUs, which are held until the director retires from the Board.

Why did the Ovintiv (OVV) director receive 280 deferred share units?

The 280 DSUs were received as dividend equivalent DSUs in lieu of cash dividends for Ovintiv’s fourth quarter of 2025.

Did the Ovintiv director pay cash for the 280 deferred share units?

No cash price was paid; the filing states the DSUs were received as dividend equivalents with a price of $0 per unit.

How long will the Ovintiv (OVV) director hold these deferred share units?

The filing notes that Deferred Share Units are held until retirement from Ovintiv’s Board.

Ovintiv director reports 280 deferred share units from dividends

Q: What insider transaction did Ovintiv Inc. (OVV) report in this Form 4?

A director of Ovintiv Inc. reported acquiring 280 Deferred Share Units (DSUs) on 12/31/2025, a routine equity compensation-related transaction.

Ovintiv Inc. director reported a routine change in equity holdings through deferred share units.

Filing Impact

(Neutral)

Filing Sentiment

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Sentiment and the balance of points

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Rhea-AI Filing Summary

Ovintiv Inc. director reported a routine change in equity holdings through deferred share units. On 12/31/2025, the director acquired 280 Deferred Share Units (DSUs), each economically equivalent to one share of Ovintiv common stock. These DSUs were received as dividend equivalents in lieu of cash dividends for the fourth quarter of 2025 and are held until retirement from the Board. Following this transaction, the director beneficially owns 36,982 DSUs, held in a direct capacity.

Insider Trade Summary

Grant/Award: 280 shares

Grant/Award 1 txn

Insider Shaw Brian Gordon

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Unit	280	$0.00	$0.00

Holdings After Transaction: Deferred Share Unit — 36,982 contracts (Direct)

Footnotes (2)

F1. 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.
F2. Dividend equivalent DSUs received in lieu of cash dividends for the fourth quarter of 2025.

FAQ

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What insider transaction did Ovintiv Inc. (OVV) report in this Form 4?

A director of Ovintiv Inc. reported acquiring 280 Deferred Share Units (DSUs) on 12/31/2025, a routine equity compensation-related transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/05/2026 - 05:03 PM EST

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

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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

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)
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⁾	12/31/2025		A		280		⁽¹⁾	⁽¹⁾	Common Stock	280	$0⁽²⁾	36,982	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 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.