Gregory Dean Givens - 07 Mar 2022 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
EVP & COO
Signature
/s/Dawna Gibb, by Power of Attorney
Issuer symbol
OVV
Transactions as of
07 Mar 2022
Net transactions value
-$1,031,728
Form type
4
Filing time
09 Mar 2022, 15:42:47 UTC
Previous filing
10 Aug 2021
Next filing
06 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVV Common Stock Options Exercise +32,499 +90% 68,631 07 Mar 2022 Direct F3, F4
transaction OVV Common Stock Tax liability $570,890 -12,222 -18% $46.71 56,409 07 Mar 2022 Direct F5
transaction OVV Common Stock Options Exercise +7,948 +14% 64,357 08 Mar 2022 Direct F3, F4
transaction OVV Common Stock Tax liability $149,408 -3,127 -4.9% $47.78 61,230 08 Mar 2022 Direct F5
transaction OVV Common Stock Options Exercise +16,564 +27% 77,794 08 Mar 2022 Direct F8, F9
transaction OVV Common Stock Tax liability $311,430 -6,518 -8.4% $47.78 71,276 08 Mar 2022 Direct F5, F11

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 Award $0 +8,920 +11% $0.000000 92,994 07 Mar 2022 Common Stock 8,920 Direct F1
transaction OVV Restricted Share Unit Award $0 +8,920 +9.6% $0.000000 101,914 07 Mar 2022 Common Stock 8,920 Direct F1
transaction OVV Restricted Share Unit Award $0 +8,920 +8.8% $0.000000 110,834 07 Mar 2022 Common Stock 8,920 Direct F1
transaction OVV Restricted Share Unit Options Exercise $0 -32,499 -29% $0.000000 78,335 07 Mar 2022 Common Stock 32,499 Direct F2
transaction OVV Restricted Share Unit Options Exercise $0 -7,948 -10% $0.000000 70,387 08 Mar 2022 Common Stock 7,948 Direct F2, F10
transaction OVV Performance Share Unit Options Exercise $0 -16,564 -100% $0.000000* 0 08 Mar 2022 Common Stock 16,564 Direct F6, F7
* 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 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.
F6 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.
F7 Settlement of the PSUs was based on a performance criteria multiplier of 104.2 percent.
F8 Represents the settlement upon vesting of PSUs.
F9 PSUs convert into Ovintiv common stock on a one-for-one basis.
F10 Includes 6,245 RSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 2,793 RSUs on March 30, 2020; 758 RSUs on June 30, 2020; 875 RSUs on September 30, 2020; 502 RSUs on December 31, 2020; 348 RSUs on March 31, 2021; 269 RSUs on June 30, 2021; 349 RSUs on September 30, 2021; and 351 RSUs on December 31, 2021.
F11 Includes Ovintiv common stock acquired through reinvested dividends.