Form 4: Ovintiv Inc. EVP & CFO Douglas Code Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP & CFO of Ovintiv Inc., Douglas Code, reports acquisition and disposal of restricted and deferred share units related to dividend equivalents.
Summary
- On September 27, 2024, Douglas Code, EVP & CFO of Ovintiv Inc., reported changes in beneficial ownership.
- He acquired 454 Restricted Share Units (RSUs) and 22 Deferred Share Units (DSUs).
- He disposed of 56,012 RSUs and 2,746 DSUs.
- These transactions relate to dividend equivalent RSUs and DSUs received in lieu of cash dividends for the third quarter of 2024.
- Following these transactions, Code holds 56,012 RSUs and 2,746 DSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of company executives.
Key Dates
| Date | Description |
|---|---|
| 09/27/2024 | Date of the reported transactions involving RSUs and DSUs. |
| 10/01/2024 | Date of signature for the Form 4 filing. |
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