Form 4: Ovintiv Inc. Director Lee A. McIntire Reports Acquisition of Deferred Share Units
SEC Form 4 Filing
Director Lee A. McIntire reports acquisition of 160 Deferred Share Units (DSUs) of Ovintiv Inc. on March 28, 2024, along with dividend equivalent DSUs, bringing the total holdings to 27,608 DSUs.
Summary
- On March 28, 2024, Lee A. McIntire, a director of Ovintiv Inc., acquired 160 Deferred Share Units (DSUs).
- These DSUs are the economic equivalent of common stock and yield dividend equivalent DSUs.
- The DSUs are held until retirement from the Board.
- The reported transaction also includes dividend equivalent DSUs received in lieu of cash dividends for the first quarter of 2024.
- Following the transaction, McIntire's total holdings amount to 27,608 DSUs.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't convey any particularly positive or negative sentiment.
Future Outlook
The DSUs are held until retirement from the Board.
Industry Context
This Form 4 filing is a routine disclosure related to changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to the market regarding the holdings and transactions of company directors.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Acquisition of Deferred Share Units |
| 04/01/2024 | Date of signature for the report |
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