Gregory Dean Givens - Aug 9, 2021 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
EVP & COO
Signature
/s/Dawna Gibb, by Power of Attorney
Stock symbol
OVV
Transactions as of
Aug 9, 2021
Transactions value $
$0
Form type
4
Date filed
8/10/2021, 03:53 PM
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVV Common Stock Options Exercise $178K +7K +19.42% $25.35 43.1K Aug 9, 2021 Direct
transaction OVV Common Stock Disposed to Issuer -$178K -7K -16.26% $25.35 36.1K Aug 9, 2021 Direct
transaction OVV Common Stock Options Exercise $89.7K +3.54K +9.81% $25.35 39.6K Aug 9, 2021 Direct F3
transaction OVV Common Stock Disposed to Issuer -$89.7K -3.54K -8.93% $25.35 36.1K Aug 9, 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OVV Rights (Restricted Stock Units) Options Exercise $0 -7K -100% $0.00* 0 Aug 9, 2021 Common Stock 7K Direct F1
transaction OVV Rights (Performance Stock Units) Options Exercise $0 -3.54K -100% $0.00* 0 Aug 9, 2021 Common Stock 3.54K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (each, "RSU") is the economic equivalent of one share of Ovintiv Inc. common stock and attracts dividend equivalent RSUs.
F2 Each Performance Stock Unit (each, "PSU") is settled based on the achievement of certain performance criteria, is valued based on the economic equivalent of one common share of Ovintiv Inc. common stock and attracts dividend equivalent PSUs.
F3 Settlement of the PSUs was based on a performance criteria multiplier of 78.4 percent.