Meghan Nicole Eilers - Mar 1, 2022 Form 3 Insider Report for Ovintiv Inc. (OVV)

Role
EVP, GC & Corporate Secretary
Signature
/s/ Dawna Gibb, by Power of Attorney
Stock symbol
OVV
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
3
Date filed
3/9/2022, 05:24 PM
Next filing
Apr 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OVV Common Stock 3.58K Mar 1, 2022 Direct
holding OVV Common Stock 2.75K Mar 1, 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 Mar 1, 2022 Common Stock 4.72K $0.00 Direct F1
holding OVV Restricted Share Unit Mar 1, 2022 Common Stock 4.23K $0.00 Direct F1, F2
holding OVV Restricted Share Unit Mar 1, 2022 Common Stock 11.8K $0.00 Direct F1, F3
holding OVV Stock Appreciation Right Mar 1, 2022 Common Stock 3.71K $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.