DEA PETER A 4

What Happened
Peter A. Dea, a director of Ovintiv Inc. (OVV), was granted 264 Deferred Share Units (DSUs) on March 31, 2026. The transaction is reported as an award/acquisition of 264 units at $0.00 (derivative), representing deferred compensation and dividend equivalents rather than a cash purchase or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (no late-filing indication in provided data).
• Transaction type/code: A (award/acquisition of derivative DSUs).
• Units granted: 264 DSUs at $0.00 per unit (derivative award).
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes:
  • F1: Each DSU equals the economic equivalent of one Ovintiv common share and accrues dividend-equivalent DSUs. DSUs are held until the director retires from the Board.
  • F2: These DSUs include dividend equivalent units received in lieu of cash dividends for Q1 2026.

Context
DSUs are a common form of director compensation and are not an open-market purchase or sale — they defer economic exposure until the director leaves the board. Because this is an award (derivative) and not a purchase or sale, it should be viewed as routine compensation rather than a direct insider signal to buy or sell stock.