Ralph Izzo of Ovintiv Inc. (OVV) receives 33 deferred share units

Rhea-AI Filing Summary

Ovintiv Inc. director Ralph Izzo reported an acquisition of 33 Deferred Share Units (DSUs) tied to company dividends. Each DSU is the economic equivalent of one share of Ovintiv common stock and earns additional “dividend equivalent” DSUs. These 33 DSUs were received in lieu of cash dividends for the first quarter of 2026 and are held until retirement from the Board, bringing Izzo’s direct DSU balance to 6,892 units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider IZZO RALPH

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Unit	33	$0.00	--

Holdings After Transaction: Deferred Share Unit — 6,892 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

Deferred Share Units granted: 33 units DSU holdings after transaction: 6,892 units Underlying common shares: 33 shares +2 more

5 metrics

Deferred Share Units granted 33 units Dividend equivalent DSUs for first quarter of 2026

DSU holdings after transaction 6,892 units Total Deferred Share Units held directly by Ralph Izzo

Underlying common shares 33 shares Each DSU is the economic equivalent of one common share

Transaction date 2026-03-31 Date of DSU grant/award acquisition

Exercise price per DSU $0.0000 Conversion or exercise price for the Deferred Share Units

Key Terms

Deferred Share Unit, dividend equivalent DSUs, economic equivalent, Grant, award, or other acquisition, +1 more

5 terms

Deferred Share Unit financial

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

dividend equivalent DSUs financial

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

economic equivalent financial

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

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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^*

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)
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		33		(1)	(1)	Common Stock	33	$0(2)	6,892	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 Ralph Izzo report?

Ralph Izzo reported receiving 33 Deferred Share Units (DSUs) of Ovintiv Inc. as a grant. The units were credited as dividend equivalents for the first quarter of 2026 and increase his direct DSU holdings to 6,892 units in total.

How many Deferred Share Units does Ralph Izzo hold at Ovintiv (OVV) after this filing?

After this transaction, Ralph Izzo holds 6,892 Deferred Share Units (DSUs) at Ovintiv Inc. These DSUs are direct holdings and each represents the economic equivalent of one share of Ovintiv common stock, plus ongoing dividend equivalent accruals.

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

A Deferred Share Unit (DSU) at Ovintiv Inc. is described as the economic equivalent of one common share. DSUs also yield dividend equivalent DSUs and are generally held until the holder retires from the Board, functioning as equity-based director compensation.

Were the Ovintiv (OVV) DSUs granted to Ralph Izzo tied to dividends?

Yes. The 33 Deferred Share Units granted to Ralph Izzo were identified as dividend equivalent DSUs. They were received in lieu of cash dividends for Ovintiv Inc.’s first quarter of 2026, reflecting dividends that would have been paid on underlying common stock.

Did Ralph Izzo buy or sell Ovintiv (OVV) shares on the open market in this Form 4?

The Form 4 shows a grant-type acquisition of 33 Deferred Share Units, not an open-market trade. The transaction code is classified as a grant or award acquisition, with no shares flagged as open-market purchases or sales in this filing.

When can Ralph Izzo access the Ovintiv (OVV) Deferred Share Units reported?

The filing states that Deferred Share Units are held until retirement from the Ovintiv Inc. Board. This means the DSUs, including the 33 units granted for first-quarter 2026 dividends, remain deferred and are not immediately settled in common shares or cash.