Brian Gordon Shaw - Mar 31, 2021 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
Director
Signature
/s/Dawna Gibb by Power of Attorney
Stock symbol
OVV
Transactions as of
Mar 31, 2021
Transactions value $
-$120,564
Form type
4
Date filed
3/9/2022, 04:07 PM
Next filing
Jun 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVV Common Stock Options Exercise +5.19K +28.01% 23.7K Mar 8, 2022 Direct F1, F3
transaction OVV Common Stock Tax liability -$121K -2.55K -10.74% $47.28 21.2K Mar 8, 2022 Direct F2, F4, F10

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 -5.19K -19.33% $0.00 21.7K Mar 8, 2022 Common Stock 5.19K Direct F5, F6
transaction OVV Deferred Share Unit Award $0 +427 +1.47% $0.00 29.5K Mar 31, 2021 Common Stock 427 Direct F7, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the settlement upon vesting of Restricted Share Units ("RSUs").
F2 Reporting the withholding by Ovintiv Inc. ("Ovintiv") of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs) to satisfy payment of tax withholding obligations.
F3 RSUs convert into Ovintiv common stock on a one-for-one basis.
F4 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.
F5 Each RSU is the economic equivalent of one share of Ovintiv common stock and attracts dividend equivalent RSUs.
F6 Includes 1,656 RSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 678 RSUs on March 30, 2020; 185 RSUs on June 30, 2020; 246 RSUs on September 30, 2020; 143 RSUs on December 31, 2020; 101 RSUs on March 31, 2021; 78 RSUs on June 30, 2021; 111 RSUs on September 30, 2021; and 114 RSUs on December 31, 2021.
F7 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 Board.
F8 Represents grants of dividend equivalent DSUs from March 31, 2021 to December 31, 2021 that were not previously reported due to an inadvertent administrative oversight as follows: 104 DSUs on March 31, 2021; 82 DSUs on June 30, 2021; 118 DSUs on September 30, 2021; and 123 DSUs on December 31, 2021.
F9 Includes 1,273 DSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 608 DSUs on March 30, 2020; 224 DSUs on June 30, 2020; 272 DSUs on September 30, 2020; and 169 DSUs on December 31, 2020.
F10 Includes Ovintiv common stock acquired through reinvested dividends.