Bruce Gordon Waterman - May 18, 2022 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
Director
Signature
/s/Dawna Gibb, by Power of Attorney
Stock symbol
OVV
Transactions as of
May 18, 2022
Transactions value $
-$96,703
Form type
4
Date filed
5/19/2022, 07:03 PM
Previous filing
Apr 4, 2022
Next filing
Jul 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVV Common Stock Options Exercise +4.48K +4.08% 114K May 18, 2022 Direct F3, F5
transaction OVV Common Stock Tax liability -$96.7K -2.15K -1.88% $45.02 112K May 18, 2022 Direct F4, F6

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 +4.48K +18.89% $0.00 28.2K May 18, 2022 Common Stock 4.48K Direct F1
transaction OVV Restricted Share Unit Options Exercise $0 -4.48K -15.89% $0.00 23.7K May 18, 2022 Common Stock 4.48K Direct F2
* 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 and exercise will occur in accordance with the Omnibus Incentive Plan and the applicable grant agreement and on the same schedule as the underlying RSUs.
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 RSUs.
F4 Reporting the withholding by 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.
F5 RSUs convert into Ovintiv common stock on a one-for-one basis.
F6 The RSUs settled in Canadian dollars at a price of CAD$57.81 per RSU and is determined based on the volume-weighted average price of one share of Ovintiv common stock as traded on the Toronto Stock Exchange for the five trading days immediately following the end of Ovintiv's Q1 financial reporting blackout on May 10, 2022. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.