Form 4: Ovintiv Inc. Director Peter A. Dea Reports Acquisition of Deferred Share Units

Director Peter A. Dea reports acquiring 332 Deferred Share Units (DSUs) of Ovintiv Inc. on June 28, 2024, and disposing of 51,648 DSUs.

Summary

• On June 28, 2024, Peter A. Dea, a director of Ovintiv Inc., acquired 332 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.
• Mr. Dea also disposed of 51,648 DSUs.
• Following the reported transactions, Mr. Dea beneficially owns 51,648 derivative securities.
• The dividend equivalent DSUs were received in lieu of cash dividends for the second quarter of 2024.

Sentiment

Score: 5

Explanation: This is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions by a company director.

Future Outlook

DSUs are held until retirement from the Board.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings in the company.

Key Dates