IZZO RALPH 4

What Happened Ralph Izzo, a director of Ovintiv Inc. (OVV), was granted 407 Deferred Share Units (DSUs) as a board award on May 15, 2026. The Form 4 reports the acquisition price as $0.00 and lists the transaction as a derivative award (transaction code A). This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-15; reported on Form 4 filed 2026-05-19.
• Instrument and amount: 407 Deferred Share Units (DSUs); reported acquisition price $0.00; aggregate value reported as $0.
• Shares owned after transaction: not specified in the filing.
• Footnote: Each DSU is the economic equivalent of one common share and yields dividend-equivalent DSUs; DSUs are held until the director’s retirement from the board.
• Filing timeliness: Form 4 filed with accession 0001193125-26-231120 on 2026-05-19 for the 2026-05-15 grant; the filing itself does not state a late-filing designation.

Context DSUs are a form of deferred compensation for directors: they represent the economic value of shares, accrue dividend equivalents, and are typically paid out (converted to shares or cash) when the director leaves the board. Such awards are routine board compensation and do not by themselves indicate the insider’s view of the company’s near-term prospects.