Corey Douglas Code - Mar 30, 2020 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
EVP & CFO
Signature
/s/Dawna Gibb by Power of Attorney
Stock symbol
OVV
Transactions as of
Mar 30, 2020
Transactions value $
-$793,992
Form type
4
Date filed
3/9/2022, 04:01 PM
Next filing
Apr 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVV Common Stock Options Exercise +24.6K +72.32% 58.7K Mar 7, 2022 Direct F3, F4
transaction OVV Common Stock Tax liability -$546K -11.8K -20.15% $46.21 46.9K Mar 7, 2022 Direct F5, F6
transaction OVV Common Stock Options Exercise +3.54K +7.55% 50.4K Mar 8, 2022 Direct F3, F4
transaction OVV Common Stock Tax liability -$80.3K -1.7K -3.37% $47.28 48.7K Mar 8, 2022 Direct F6, F7
transaction OVV Common Stock Options Exercise +7.37K +15.14% 56.1K Mar 8, 2022 Direct F9, F10, F11
transaction OVV Common Stock Tax liability -$167K -3.54K -6.31% $47.28 52.5K Mar 8, 2022 Direct F6, F12, F16

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 +7.77K +12.61% $0.00 69.4K Mar 7, 2022 Common Stock 7.77K Direct F1
transaction OVV Restricted Share Unit Award $0 +7.77K +11.19% $0.00 77.1K Mar 7, 2022 Common Stock 7.77K Direct F1
transaction OVV Restricted Share Unit Award $0 +7.77K +10.07% $0.00 84.9K Mar 7, 2022 Common Stock 7.77K Direct F1
transaction OVV Restricted Share Unit Options Exercise $0 -24.6K -29.01% $0.00 60.3K Mar 7, 2022 Common Stock 24.6K Direct F2
transaction OVV Restricted Share Unit Options Exercise $0 -3.54K -5.87% $0.00 56.7K Mar 8, 2022 Common Stock 3.54K Direct F2, F13
transaction OVV Performance Share Unit Options Exercise $0 -7.37K -100% $0.00* 0 Mar 8, 2022 Common Stock 7.37K Direct F8, F9
transaction OVV Rights (Deferred Share Unit) Award $0 +197 +8.32% $0.00 2.57K Mar 30, 2020 Common Stock 197 Direct F14, F15
* 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$59.02 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
F6 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.
F7 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.
F8 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
F9 Settlement of the PSUs was based on a performance criteria multiplier of 104.2 percent.
F10 Represents the settlement upon vesting of PSUs.
F11 PSUs convert into Ovintiv common stock on a one-for-one basis.
F12 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.
F13 Includes 4,241 RSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 1,878 RSUs on March 30, 2020; 513 RSUs on June 30, 2020; 584 RSUs on September 30, 2020; 339 RSUs on December 31, 2020; 233 RSUs on March 31, 2021; 179 RSUs on June 30, 2021; 254 RSUs on September 30, 2021; and 261 RSUs on December 31, 2021.
F14 Each Deferred Share Unit (each, a "DSU") is the economic equivalent of one share of Ovintiv common stock and attracts dividend equivalent DSUs. DSUs are held until retirement from the company.
F15 Represents grants of dividend equivalent DSUs from March 30, 2020 to December 31, 2021 that were not previously reported due to an inadvertent administrative oversight as follows: 90 DSUs on March 30, 2020; 24 DSUs on June 30, 2020; 28 DSUs on September 30, 2020; 16 DSUs on December 31, 2020; 10 DSUs on March 31, 2021; 7 DSUs on June 30, 2021; 11 DSUs on September 30, 2021; and 11 DSUs on December 31, 2021.
F16 Includes Ovintiv common stock acquired through reinvested dividends.