Ovintiv director gets 15 deferred share units

Chhina Sippy reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Chhina Sippy reported acquisition or exercise transactions in this Form 4 filing.

Ovintiv Inc. director Sippy Chhina received 15 Deferred Share Units (DSUs) as a grant tied to second-quarter 2026 cash dividends. Each DSU is economically equivalent to one share of Ovintiv common stock and accumulates dividend equivalents. After this award, Chhina holds 2,784 DSUs, which are retained until retirement from the board and do not represent an open-market share purchase or sale.

Insider Trade Summary

Grant/Award: 15 shares

Grant/Award 1 txn

Insider Chhina Sippy

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Unit	15	$0.00	$0.00

Holdings After Transaction: Deferred Share Unit — 2,784 contracts (Direct)

Footnotes (2)

1. 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.
2. F2. Dividend equivalent DSUs received in lieu of cash dividends for the second quarter of 2026.

Key Figures

Deferred Share Units granted: 15 DSUs DSU balance after transaction: 2,784 DSUs Underlying common stock per DSU: 1 share per DSU +1 more

4 metrics

Deferred Share Units granted 15 DSUs Dividend equivalent DSUs for second quarter of 2026

DSU balance after transaction 2,784 DSUs Total Deferred Share Units held by director after award

Underlying common stock per DSU 1 share per DSU Each DSU is economic equivalent of one common share

Transaction price per DSU $0.0000 per unit Grant/award acquisition, no purchase price paid

Key Terms

Deferred Share Unit, dividend equivalent DSUs, Grant, award, or other acquisition, held until retirement from the Board

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 ... yields dividend equivalent DSUs."

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

held until retirement from the Board financial

"DSUs are held until retirement from the Board."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Ovintiv (OVV) report for Sippy Chhina?

Ovintiv reported that director Sippy Chhina received 15 Deferred Share Units as a grant. These DSUs were issued as dividend equivalents for second-quarter 2026 cash dividends and increase her deferred equity-based compensation balance held until retirement from the board.

Is Sippy Chhina buying or selling Ovintiv (OVV) shares in this Form 4?

The Form 4 does not show any open-market buying or selling by Sippy Chhina. It records an acquisition of 15 Deferred Share Units as a compensation-related award, not a market trade, so there is no direct cash purchase or sale of common stock.

How many Deferred Share Units does Sippy Chhina hold after this Ovintiv (OVV) transaction?

After the reported grant, Sippy Chhina holds 2,784 Deferred Share Units. Each DSU is economically equivalent to one Ovintiv common share and is generally held until she retires from the board, representing deferred, stock-linked director compensation rather than current cash pay.

What are Deferred Share Units (DSUs) in Ovintiv’s (OVV) director compensation?

Deferred Share Units are equity-linked awards each equivalent to one Ovintiv common share. They accumulate dividend equivalent DSUs instead of cash dividends and are typically held until a director retires from the board, aligning director compensation with long-term shareholder value performance over time.

Why did Ovintiv (OVV) issue 15 DSUs to Sippy Chhina for Q2 2026?

The 15 DSUs were issued as dividend equivalent units in lieu of cash dividends for second-quarter 2026. Instead of paying cash, Ovintiv credited Chhina with additional DSUs, increasing her deferred equity balance and maintaining alignment with shareholders who received cash dividends.

Does this Ovintiv (OVV) Form 4 transaction affect common stock outstanding?

The filing describes issuance of 15 Deferred Share Units to a director, not an open-market share issuance to the public. DSUs are bookkeeping entries representing future settlement in shares or cash, so this record mainly reflects director compensation, not current changes in public float.

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

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Accepted by SEC EDGAR 07/02/2026 - 05:06 PM EDT Learn about SEC filing dates

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^*

Chhina Sippy

(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)
06/30/2026

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)	06/30/2026		A		15		(1)	(1)	Common Stock	15	$0(2)	2,784	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 second quarter of 2026.

	/s/Dawna Gibb, by Power of Attorney	07/02/2026
	** 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)