Form 4: Ovintiv Inc. Director Brian Gordon Shaw Reports Acquisition of Deferred Share Units

Director Brian Gordon Shaw reports acquisition of 191 Deferred Share Units (DSUs) of Ovintiv Inc. on March 28, 2024, as dividend equivalents.

Summary

• On March 28, 2024, Brian Gordon Shaw, a director of Ovintiv Inc., acquired 191 Deferred Share Units (DSUs).
• These DSUs are dividend equivalents, representing the economic equivalent of one share of Ovintiv Inc. common stock each.
• The DSUs yield dividend equivalent DSUs and are held until retirement from the Board.
• Following this transaction, Shaw directly owns 33,025 DSUs.
• The transaction was reported on April 1, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reports a standard transaction related to director compensation. There are no indications of positive or negative implications for the company's performance.

Future Outlook

The DSUs are held until retirement from the Board.

Industry Context

This filing is a routine disclosure of a director's acquisition of deferred share units, a common form of equity compensation in publicly traded companies.

Stakeholder Impact

• The acquisition of DSUs by a director aligns their interests with those of the shareholders.

Key Dates