Ovintiv (OVV) CFO Corey Douglas receives RSU and DSU dividend-equivalent awards

Rhea-AI Filing Summary

Code Corey Douglas reported acquisition or exercise transactions in this Form 4 filing.

Ovintiv Inc. EVP & CFO Corey Douglas received additional stock-based compensation in the form of dividend-equivalent awards. He was granted 337 Restricted Share Units, each economically equivalent to one share of Ovintiv common stock and subject to vesting under the Omnibus Incentive Plan.

Douglas also received 14 Deferred Share Units, which are held until retirement. After these awards, he directly holds 69,414 shares underlying RSUs and 2,863 shares underlying DSUs, reflecting routine compensation rather than any market purchase or sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Code Corey Douglas

Role EVP & CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit	337	$0.00	--
Grant/Award	Deferred Share Unit	14	$0.00	--

Holdings After Transaction: Restricted Share Unit — 69,414 shares (Direct); Deferred Share Unit — 2,863 shares (Direct)

Footnotes (1)

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. Dividend equivalent RSUs received in lieu of cash dividends for the first quarter of 2026. 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. Dividend equivalent DSUs received in lieu of cash dividends for the first quarter of 2026.

Key Figures

RSU grant: 337 Restricted Share Units RSU holdings after grant: 69,414 shares DSU grant: 14 Deferred Share Units +2 more

5 metrics

RSU grant 337 Restricted Share Units Dividend-equivalent RSUs for first quarter of 2026

RSU holdings after grant 69,414 shares Total underlying common stock from RSUs following transaction

DSU grant 14 Deferred Share Units Dividend-equivalent DSUs for first quarter of 2026

DSU holdings after grant 2,863 shares Total underlying common stock from DSUs following transaction

Derivative transactions 2 transactions Both coded as grant, award, or other acquisition

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"

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"

dividend equivalent RSUs financial

"yields dividend equivalent RSUs. Vesting and exercise will occur in accordance with the Omnibus Incentive Plan"

dividend equivalent DSUs financial

"yields dividend equivalent DSUs. DSUs are held until retirement from the company."

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.

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^*

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)
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
Restricted Share Unit	(1)	03/31/2026		A		337		(1)	(1)	Common Stock	337	$0(2)	69,414	D
Deferred Share Unit	(3)	03/31/2026		A		14		(3)	(3)	Common Stock	14	$0(4)	2,863	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 first 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 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) report for EVP & CFO Corey Douglas?

Ovintiv reported that EVP & CFO Corey Douglas received stock-based awards, not market trades. He acquired 337 Restricted Share Units and 14 Deferred Share Units as dividend equivalents for first-quarter 2026, increasing his stock-based compensation holdings in the company.

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

The Form 4 shows no open-market buying or selling. Instead, Corey Douglas received stock-based awards classified as grant or award acquisitions, consisting of Restricted Share Units and Deferred Share Units issued as dividend equivalents for first-quarter 2026.

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

After this Form 4, Corey Douglas holds 69,414 shares underlying Restricted Share Units. The filing notes that each RSU is economically equivalent to one share of Ovintiv common stock and vests according to the Omnibus Incentive Plan and related grant agreement terms.

What are the Deferred Share Units reported for Ovintiv (OVV) CFO Corey Douglas?

Corey Douglas received 14 Deferred Share Units as dividend equivalents for first-quarter 2026. Each DSU is economically equivalent to one Ovintiv common share and is held until retirement from the company, providing deferred, share-based compensation instead of immediate cash dividends.

Does the Ovintiv (OVV) Form 4 indicate any tax withholding or option exercises?

The Form 4 does not show tax withholding or option exercises. It reports two derivative transactions coded as grants or awards, where Corey Douglas acquired Restricted Share Units and Deferred Share Units, both with a stated price of zero as typical for stock-based compensation grants.