OVV Form 4: 574 RSUs granted to EVP & COO, dividend equivalents noted

Rhea-AI Filing Summary

Ovintiv Inc. executive Gregory Dean Givens, listed as EVP & COO, acquired 574 Restricted Share Units (RSUs) on 09/29/2025 as reported on a Form 4. Each RSU represents the economic equivalent of one share of Ovintiv common stock and includes dividend-equivalent RSUs. The reported acquisition was priced at $0 (dividend equivalents for Q3 2025 received in lieu of cash) and increased Mr. Givens' total beneficial ownership to 83,097 shares of common stock. The filing was executed by Dawna Gibb under power of attorney on 10/01/2025. Vesting and settlement will follow the company’s Omnibus Incentive Plan and the applicable grant agreement, subject to continued employment.

Positive

• Executive alignment: Grant of 574 RSUs reinforces alignment of the EVP & COO with shareholder interests through equity-based compensation.
• Clear ownership disclosure: Filing reports total beneficial ownership of 83,097 shares post-grant, improving transparency for investors.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine executive equity grant reported; consistent with compensation practices and not an unusual insider sale or purchase.

The Form 4 discloses a grant of 574 RSUs to the EVP & COO, which are structured to mirror one-for-one common shares and include dividend equivalents. This appears to be an equity compensation event rather than an open-market purchase or sale. Such grants are typically used to align executive incentives with shareholder value. The document shows total beneficial ownership of 83,097 shares post-grant, and the grant was processed under the Omnibus Incentive Plan. No atypical governance flags or unusual transaction codes are present.

Compensation Analyst

TL;DR: A modest RSU award consistent with standard long-term incentive pay; impact on dilution and expense will be minimal at this size.

The 574 RSU award is modest relative to typical executive awards at large-cap energy firms. Because RSUs convert into common shares upon vesting, they will result in future share issuance and compensation expense recognized over the vesting period under the grant agreement. Dividend-equivalent RSUs were issued in lieu of cash for Q3 2025, indicating dividend passthrough treatment. Absent further detail on vesting schedules or aggregate outstanding awards, the immediate financial impact appears limited.

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).

1. Name and Address of Reporting Person^*

Givens Gregory Dean

(Last) (First) (Middle)

C/O 370 17TH STREET, SUITE 1700

(Street)

DENVER CO 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2025

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)
			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)	09/29/2025		A		574		(1)	(1)	Common Stock	574	$0(2)	83,097	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 DSUs received in lieu of cash dividends for the third quarter of 2025.

	/s/Dawna Gibb, by Power of Attorney	10/01/2025
	** 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.

FAQ

What did Ovintiv (OVV) report on this Form 4?

The company reported that EVP & COO Gregory Dean Givens acquired 574 RSUs on 09/29/2025, increasing beneficial ownership to 83,097 shares.

Were any shares purchased for cash in this transaction?

No. The RSUs were reported at a price of $0; they include dividend-equivalent RSUs issued in lieu of cash dividends for Q3 2025.

Who signed the Form 4 for this filing?

The filing was signed by Dawna Gibb by power of attorney on 10/01/2025.

How do the RSUs convert to common stock?

Each RSU is the economic equivalent of one share of Ovintiv common stock and yields dividend-equivalent RSUs; vesting and settlement follow the Omnibus Incentive Plan and the applicable grant agreement.

Does this Form 4 disclose any sales or dispositions by the reporting person?

No. The filing reports an acquisition of RSUs only; there are no dispositions recorded in this Form 4.