Form 4: Ovintiv Inc. Director Peter A. Dea Reports Acquisition of Deferred Share Units
SEC Form 4 Filing
Director Peter A. Dea reports acquisition of deferred share units (DSUs) in Ovintiv Inc. due to dividend equivalents.
Summary
- On March 28, 2024, Peter A. Dea, a director of Ovintiv Inc., acquired 298 Deferred Share Units (DSUs).
- These DSUs are the economic equivalent of common stock and yield dividend equivalent DSUs.
- The DSUs were received in lieu of cash dividends for the first quarter of 2024.
- Following the transaction, Mr. Dea directly owns 51,316 DSUs.
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 performance.
Industry Context
This filing is a routine disclosure related to director compensation and holdings, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to director compensation.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Peter A. Dea acquired 298 Deferred Share Units. |
| 04/01/2024 | Date of report signature. |
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