IZZO RALPH 4

What Happened
Ralph Izzo, a director of Ovintiv Inc. (OVV), was granted 33 Deferred Share Units (DSUs) on 2026-03-31. The filing reports 33 units acquired at $0.00 (no cash exchanged); these are derivative awards that represent the economic equivalent of common shares.

Key Details

• Transaction date: 2026-03-31 (reported in Form 4 filed 2026-04-02).
• Transaction type: Award/Grant of DSUs (code A), 33 units @ $0.00.
• Reported value: $0 (award recorded as a deferred unit grant rather than a cash purchase).
• Shares owned after transaction: not specified in the information provided in this summary.
• Footnotes:
  • F1 — Each DSU equals one share economically and accrues dividend-equivalent DSUs; DSUs are held until retirement from the Board.
  • F2 — The units reflect dividend-equivalent DSUs received in lieu of cash dividends for Q1 2026.
• No late-filing indicator was noted in the supplied data.

Context
DSUs are a form of deferred compensation (derivative award) rather than an open-market buy or sale. Such grants are common for non-employee directors and are typically held until board retirement; they do not by themselves indicate an immediate bullish or bearish trade.