Form 4: Meg Gentle Reports Acquisition of Deferred Share Units in Ovintiv Inc.
SEC Form 4 Filing
Director Meg Gentle reports acquiring 476 Deferred Share Units (DSUs) of Ovintiv Inc. on May 13, 2024.
Summary
- Meg Gentle, a director of Ovintiv Inc., reported acquiring 476 Deferred Share Units (DSUs) on May 13, 2024.
- Each DSU is equivalent to one share of Ovintiv Inc.'s common stock and accrues dividend equivalents.
- These DSUs are held until Ms. Gentle's retirement from the Board.
- Following the transaction, Ms. Gentle directly owns 6,537 DSUs.
- The transaction was reported on May 15, 2024.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing regarding stock ownership.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Provides transparency to shareholders regarding director's holdings in the company.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: Acquisition of 476 Deferred Share Units. |
| 05/15/2024 | Date of report filing. |
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