Ovintiv (OVV) EVP/CFO Corey Douglas Receives RSU & DSU Award

What Happened

• Corey Douglas, Ovintiv's EVP & Chief Financial Officer, received two equity awards on 2026-09-29: 345 Restricted Share Units (RSUs) and 14 Deferred Share Units (DSUs). The Form 4 reports these as awards (code A) with a reported purchase price of $0 (derivative securities).

Key Details

• Transaction date: 2026-09-29; Form 4 filed: 2026-10-01 (filed within the standard 2-business-day window).
• Awards: 345 RSUs and 14 DSUs; both reported at $0.00 per unit (compensation awards, not an open-market trade).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • RSUs: Each RSU equals the economic equivalent of one common share and yields dividend-equivalent RSUs; vesting/exercise follows the Omnibus Incentive Plan and the grant agreement, and depends on continued employment (F1, F2).
  • DSUs: Each DSU equals the economic equivalent of one common share, yields dividend-equivalent DSUs, and DSUs are held until retirement (F3, F4).
• No indication of a 10b5-1 plan, sale, tax-withholding sale, or late filing in the provided information.

Context

• These awards are compensation/retention awards (derivative units) rather than purchases or sales of existing shares. RSUs typically vest over time and convert to shares (or their cash equivalent) per the grant terms; DSUs generally pay out at retirement. Such grants are routine executive compensation and do not by themselves indicate immediate buying or selling in the open market.