Ovintiv CFO receives RSU and DSU dividend awards

Ovintiv Inc. EVP & CFO Corey Douglas received equity-based compensation awards.

Rhea-AI Filing Summary

Ovintiv Inc. EVP & CFO Corey Douglas received equity-based compensation awards. He acquired 386 Restricted Share Units and 16 Deferred Share Units, both economically equivalent to common shares and granted in lieu of second-quarter 2026 cash dividends. Following these awards, he holds 69,800 RSUs and 2,879 DSUs directly.

Insider Trade Summary

Grant/Award: 402 shares

Grant/Award 2 txns

Insider Code Corey Douglas

Role EVP & CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit	386	$0.00	$0.00
Grant/Award	Deferred Share Unit	16	$0.00	$0.00

Holdings After Transaction: Restricted Share Unit — 69,800 contracts (Direct); Deferred Share Unit — 2,879 contracts (Direct)

Footnotes (4)

1. F1. 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. F2. Dividend equivalent RSUs received in lieu of cash dividends for the second quarter of 2026.
3. F3. 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. F4. Dividend equivalent DSUs received in lieu of cash dividends for the second quarter of 2026.

Key Figures

Restricted Share Units granted: 386 RSUs RSU holdings after grant: 69,800 RSUs Deferred Share Units granted: 16 DSUs +2 more

5 metrics

Restricted Share Units granted 386 RSUs Grant on June 30, 2026 as dividend equivalent for Q2 2026

RSU holdings after grant 69,800 RSUs Total Restricted Share Units directly owned after June 30, 2026 award

Deferred Share Units granted 16 DSUs Grant on June 30, 2026 as dividend equivalent for Q2 2026

DSU holdings after grant 2,879 DSUs Total Deferred Share Units directly owned after the transaction

Transaction code A (grant, award, or other acquisition) Applies to both RSU and DSU awards reported on Form 4

Key Terms

Restricted Share Unit, Deferred Share Unit, dividend equivalent RSUs, dividend equivalent DSUs, +1 more

5 terms

Restricted Share Unit financial

"Each Restricted Share Unit ("RSU'') is the economic equivalent of one share of common stock of Ovintiv Inc."

A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.

Deferred Share Unit financial

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

dividend equivalent RSUs financial

"Each Restricted Share Unit ("RSU'') is the economic equivalent of one share of common stock of Ovintiv Inc. and yields dividend equivalent RSUs."

dividend equivalent DSUs financial

"Each Deferred Share Unit ("DSU") is the economic equivalent of one share of common stock of Ovintiv and yields dividend equivalent DSUs."

Omnibus Incentive Plan financial

"Vesting and exercise will occur in accordance with the Omnibus Incentive Plan and the applicable grant agreement"

An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.

FAQ

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

What insider transaction did Ovintiv (OVV) disclose for EVP & CFO Corey Douglas?

Ovintiv disclosed that EVP & CFO Corey Douglas received equity awards, including 386 Restricted Share Units and 16 Deferred Share Units. These derivative awards are part of his compensation and are economically equivalent to common shares of Ovintiv Inc.

How many Restricted Share Units does Corey Douglas hold after this Ovintiv (OVV) Form 4?

After the reported transaction, Corey Douglas holds 69,800 Restricted Share Units. Each RSU represents the economic equivalent of one Ovintiv common share and includes dividend equivalent RSUs that mirror cash dividends paid for the second quarter of 2026.

What are the Deferred Share Units granted to Ovintiv (OVV) CFO Corey Douglas?

Corey Douglas received 16 Deferred Share Units, bringing his DSU balance to 2,879. Each DSU is economically equivalent to one Ovintiv common share, generates dividend equivalent DSUs, and is generally held until the reporting person retires from the company.

Were the Ovintiv (OVV) Form 4 transactions open-market buys or sells?

No, the transactions were not open-market buys or sells. They are coded as “A” grants, representing awards of RSUs and DSUs, including dividend equivalents received instead of cash dividends for the second quarter of 2026 as part of compensation.

How do Ovintiv (OVV) RSUs for Corey Douglas vest and settle?

The RSUs vest and settle according to Ovintiv’s Omnibus Incentive Plan and the applicable grant agreement. Vesting and exercise follow the same schedule as the underlying RSUs, contingent on Corey Douglas’s continued employment through the relevant exercise dates.

Why did Ovintiv (OVV) grant dividend equivalent RSUs and DSUs to Corey Douglas?

The company granted dividend equivalent RSUs and DSUs in lieu of paying cash dividends for the second quarter of 2026. These equivalents mirror the value of cash dividends by increasing RSU and DSU balances, maintaining the economic exposure to Ovintiv’s common stock.

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

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Accepted by SEC EDGAR 07/02/2026 - 04:54 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^*

Code Corey Douglas

(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)

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

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
Restricted Share Unit	(1)	06/30/2026		A		386		(1)	(1)	Common Stock	386	$0(2)	69,800	D
Deferred Share Unit	(3)	06/30/2026		A		16		(3)	(3)	Common Stock	16	$0(4)	2,879	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 second quarter of 2026.

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 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)