Bruce Gordon Waterman - 31 Mar 2021 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
Director
Signature
/s/Dawna Gibb, by Power of Attorney
Issuer symbol
OVV
Transactions as of
31 Mar 2021
Net transactions value
-$128,365
Form type
4
Filing time
09 Mar 2022, 17:18:06 UTC
Next filing
30 Jun 2021
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 +5,655 +5.3% 112,322 08 Mar 2022 Direct F1, F3
transaction OVV Common Stock Tax liability $128,365 -2,715 -2.4% $47.28 109,607 08 Mar 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 -5,655 -19% $0.000000 23,605 08 Mar 2022 Common Stock 5,655 Direct F5, F6
transaction OVV Deferred Share Unit Award $0 +618 +1.5% $0.000000 42,280 31 Mar 2021 Common Stock 618 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 shares 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 1,803 RSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 739 RSUs on March 30, 2020; 202 RSUs on June 30, 2020; 268 RSUs on September 30, 2020; 155 RSUs on December 31, 2020; 110 RSUs on March 31, 2021; 85 RSUs on June 30, 2021; 120 RSUs on September 30, 2021; and 124 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: 152 DSUs on March 31, 2021; 119 DSUs on June 30, 2021; 170 DSUs on September 30, 2021; and 177 DSUs on December 31, 2021.
F9 Includes 2,014 DSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 1,018 DSUs on March 30, 2020; 341 DSUs on June 30, 2020; 407 DSUs on September 30, 2020; and 248 DSUs on December 31, 2020.
F10 Includes Ovintiv common stock acquired though reinvested dividends