Renee Ellen Zemljak - Mar 30, 2020 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
EVP, Midstream, Mrktg & Fndmtl
Signature
/s/Dawna Gibb, by Power of Attorney
Stock symbol
OVV
Transactions as of
Mar 30, 2020
Transactions value $
-$1,523,346
Form type
4
Date filed
3/9/2022, 05:43 PM
Next filing
Mar 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVV Common Stock Options Exercise +32.5K +92.07% 67.8K Mar 7, 2022 Direct F3, F4
transaction OVV Common Stock Tax liability -$666K -14.3K -21.04% $46.71 53.5K Mar 7, 2022 Direct F5
transaction OVV Common Stock Options Exercise +13.2K +24.75% 66.8K Mar 8, 2022 Direct F3, F4
transaction OVV Common Stock Tax liability -$278K -5.82K -8.71% $47.78 61K Mar 8, 2022 Direct F5
transaction OVV Common Stock Options Exercise +27.6K +45.28% 88.6K Mar 8, 2022 Direct F7, F8, F9
transaction OVV Common Stock Tax liability -$579K -12.1K -13.68% $47.78 76.4K Mar 8, 2022 Direct F5

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 +5.53K +6.19% $0.00 94.9K Mar 7, 2022 Common Stock 5.53K Direct F1
transaction OVV Restricted Share Unit Award $0 +5.53K +5.83% $0.00 100K Mar 7, 2022 Common Stock 5.53K Direct F1
transaction OVV Restricted Share Unit Award $0 +5.53K +5.51% $0.00 106K Mar 7, 2022 Common Stock 5.53K Direct F1
transaction OVV Restricted Share Unit Options Exercise $0 -32.5K -30.67% $0.00 73.5K Mar 7, 2022 Common Stock 32.5K Direct F2
transaction OVV Restricted Share Unit Options Exercise $0 -13.2K -18.03% $0.00 60.2K Mar 8, 2022 Common Stock 13.2K Direct F2, F10
transaction OVV Performance Share Unit Options Exercise $0 -27.6K -100% $0.00* 0 Mar 8, 2022 Common Stock 27.6K Direct F6, F7
transaction OVV Rights (Deferred Share Unit) Award $0 +539 +8.32% $0.00 7.02K Mar 30, 2020 Common Stock 539 Direct F11, F12
* 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 the RSUs.
F4 RSUs convert into Ovintiv common stock on a one-for-one basis.
F5 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.
F6 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
F7 Settlement of the PSUs was based on a performance criteria multiplier of 104.2 percent.
F8 Represents the settlement upon vesting of PSU's.
F9 PSUs convert into Ovintiv common stock on a one-for-one basis.
F10 Includes 6,645 RSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 3,001 RSUs on March 30, 2020; 815 RSUs on June 30, 2020; 940 RSUs on September 30, 2020; 539 RSUs on December 31, 2020; 341 RSUs on March 31, 2021; 264 RSUs on June 30, 2021; 371 RSUs on September 30, 2021; and 374 RSUs on December 31, 2021.
F11 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.
F12 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: 246 DSUs on March 30, 2020; 67 DSUs on June 30, 2020; 76 DSUs on September 30, 2020; 44 DSUs on December 31, 2020; 27 DSUs on March 31, 2021; 20 DSUs on June 30, 2021; 29 DSUs on September 30, 2021; and 30 DSUs on December 31, 2021.