Meghan Nicole Eilers - 01 Mar 2022 Form 3 Insider Report for Ovintiv Inc. (OVV)

Role: EVP, GC & Corporate Secretary
Signature: /s/ Dawna Gibb, by Power of Attorney
Issuer symbol: OVV
Transactions as of: 01 Mar 2022
Net transactions value: $0
Form type: 3
Filing time: 09 Mar 2022, 17:24:11 UTC
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
holding	OVV	Common Stock						3,582	01 Mar 2022	Direct
holding	OVV	Common Stock						2,746	01 Mar 2022	401K

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
holding	OVV	Restricted Share Unit							01 Mar 2022	Common Stock	4,719	$0.000000	Direct	F1
holding	OVV	Restricted Share Unit							01 Mar 2022	Common Stock	4,229	$0.000000	Direct	F1, F2
holding	OVV	Restricted Share Unit							01 Mar 2022	Common Stock	11,775	$0.000000	Direct	F1, F3
holding	OVV	Stock Appreciation Right							01 Mar 2022	Common Stock	3,710	$35.80	Direct	F4

* 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	RSUs will vest and settle as follows: 1/2 on February 26, 2023 and 1/2 on February 26, 2024.
F3	RSUs will vest and settle as follows: 1/3 on March 7, 2023, 1/3 on March 7, 2024 and 1/3 on March 7, 2025.
F4	Each Stock Appreciation Right ("SAR") represents one share of Ovintiv common stock, is cash settled and is treated as the simultaneous purchase and sale of the number of shares of Ovintiv common stock the SAR represents.