Rachel Maureen Moore - Jul 1, 2021 Form 4 Insider Report for Ovintiv Inc. (OVV)

Signature
/s/Dawna Gibb, by Power of Attorney
Stock symbol
OVV
Transactions as of
Jul 1, 2021
Transactions value $
-$681,919
Form type
4
Date filed
3/9/2022, 03:34 PM
Next filing
Mar 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVV Common Stock Options Exercise +7.18K +97.74% 14.5K Jul 1, 2021 Direct F3, F4
transaction OVV Common Stock Disposed to Issuer -$229K -7.18K -49.43% $31.84 7.35K Jul 1, 2021 Direct F5
transaction OVV Common Stock Options Exercise +10.2K +138.58% 17.5K Mar 7, 2022 Direct F3, F4
transaction OVV Common Stock Tax liability -$226K -4.89K -27.88% $46.21 12.6K Mar 7, 2022 Direct F6, F7
transaction OVV Common Stock Options Exercise +3.25K +25.7% 15.9K Mar 8, 2022 Direct F3, F4
transaction OVV Common Stock Tax liability -$73.7K -1.56K -9.81% $47.28 14.3K Mar 8, 2022 Direct F7, F8
transaction OVV Common Stock Options Exercise +6.77K +47.24% 21.1K Mar 8, 2022 Direct F10, F11, F12
transaction OVV Common Stock Tax liability -$154K -3.25K -15.4% $47.28 17.9K Mar 8, 2022 Direct F7, F13, F15

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 Restricted Share Unit Options Exercise $0 -7.18K -14.04% $0.00 44K Jul 1, 2021 Common Stock 7.18K Direct F1
transaction OVV Restricted Share Unit Award $0 +4.24K +9.63% $0.00 48.2K Mar 7, 2022 Common Stock 4.24K Direct F1
transaction OVV Restricted Share Unit Award $0 +4.24K +8.79% $0.00 52.4K Mar 7, 2022 Common Stock 4.24K Direct F1
transaction OVV Restricted Share Unit Award $0 +4.24K +8.08% $0.00 56.7K Mar 7, 2022 Common Stock 4.24K Direct F1
transaction OVV Restricted Share Unit Options Exercise $0 -10.2K -17.97% $0.00 46.5K Mar 7, 2022 Common Stock 10.2K Direct F2
transaction OVV Restricted Share Unit Options Exercise $0 -3.25K -6.99% $0.00 43.3K Mar 8, 2022 Common Stock 3.25K Direct F2, F14
transaction OVV Performance Share Unit Options Exercise $0 -6.77K -100% $0.00* 0 Mar 8, 2022 Common Stock 6.77K Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Share Unit (each, "RSU") is the economic equivalent of one share of common stock of Ovintiv Inc. ("Ovintiv") and attracts dividend equivalent RSUs. Vesting will occur on the exercise date in accordance with the Omnibus Incentive Plan and applicable grant agreement, and subject to the grantee's continued employment with Ovintiv or its affiliate through the applicable exercise date.
F2 Each RSU is the economic equivalent of one share of Ovintiv common stock and attracts dividend equivalent RSUs.
F3 Represents the settlement upon vesting of RSUs.
F4 RSUs convert into Ovintiv common stock on a one-for-one basis.
F5 The RSUs settled in Canadian dollars at a price of CAD$39.47 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
F6 The RSUs settled in Canadian dollars at a price of CAD$59.02 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
F7 Reporting the withholding by Ovintiv of shares of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs or PSUs, as applicable) to satisfy payment of tax withholding obligations.
F8 The RSUs settled in Canadian dollars at a price of CAD$60.84 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
F9 Each Performance Share Unit (each, "PSU") is settled based on the achievement of certain performance criteria, is the economic equivalent of one common share of Ovintiv common stock and attracts dividend equivalent PSUs.
F10 Settlement of the PSUs was based on a performance criteria multiplier of 104.2 percent.
F11 Represents the settlement upon vesting of PSUs.
F12 PSUs convert into Ovintiv common stock on a one-for-one basis.
F13 The PSU is settled in Canadian dollars at a price of CAD$60.84 per PSU and is determined based on the volume-weighted average price of one share of common stock of Ovintiv on the Toronto Stock Exchange for the five trading days following approval of the performance criteria multiplier. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
F14 Includes 2,181 RSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 622 RSUs on March 30, 2020; 170 RSUs on June 30, 2020; 430 RSUs on September 30, 2020; 250 RSUs on December 31, 2020; 193 RSUs on March 31, 2021; 149 RSUs on June 30, 2021; 181 RSUs on September 30, 2021; and 186 RSUs on December 31, 2021.
F15 Includes Ovintiv common stock acquired through reinvested dividends.