What is a Deferred Share Unit (DSU) in Ovintiv (OVV)’s filing?

A Deferred Share Unit in this context is economically equivalent to one Ovintiv common share. DSUs also generate dividend equivalent DSUs over time and, according to the disclosure, are held until the reporting person retires from the Board of Directors.

Director Sippy Chhina awarded 484 DSUs at Ovintiv (NYSE: OVV)

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

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

Ovintiv Inc. director Sippy Chhina reported receiving a grant of 484 Deferred Share Units (DSUs) on February 27, 2026. Each DSU is economically equivalent to one Ovintiv common share and accrues dividend-equivalent DSUs. Following this award, Chhina directly holds 2,344 DSUs, which are retained until retirement from the Board.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chhina Sippy

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Unit	484	$0.00	--

Holdings After Transaction: Deferred Share Unit — 2,344 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/03/2026 - 05:20 PM

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

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)
02/27/2026

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	$0⁽¹⁾	02/27/2026		A		484		⁽¹⁾	⁽¹⁾	Common Stock	484	$0	2,344	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.

	/s/Dawna Gibb, by Power of Attorney	03/03/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

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

Ovintiv director Sippy Chhina reported an acquisition of 484 Deferred Share Units. These units were granted with a reported price of $0.00 per unit, increasing Chhina’s directly held DSUs to 2,344 after the transaction date of February 27, 2026.

How many Ovintiv (OVV) DSUs does Sippy Chhina hold after this grant?

After receiving 484 Deferred Share Units, Sippy Chhina holds a total of 2,344 DSUs. This total reflects direct ownership following the reported Form 4 transaction and represents units that mirror Ovintiv common shares in economic value and dividends.

Did Sippy Chhina buy or sell Ovintiv (OVV) stock in this Form 4?

The Form 4 reports an acquisition classified as a grant or award of 484 Deferred Share Units, not an open-market stock purchase or sale. The transaction code is “A,” indicating a grant, with a stated transaction price of $0.00 per unit.

Do Ovintiv (OVV) DSUs held by Sippy Chhina pay dividends?

Yes, the disclosed Deferred Share Units yield dividend equivalent DSUs. This means when Ovintiv pays dividends on its common stock, corresponding DSUs are credited, increasing the number of DSUs held while the director remains on the Board of Directors.

When can the Ovintiv (OVV) DSUs reported by Sippy Chhina be settled?

The disclosure states that the Deferred Share Units are held until retirement from the Board. Settlement therefore occurs after the reporting person retires from Ovintiv’s Board of Directors, aligning the timing with the end of board service.