Corey Douglas Code - May 18, 2022 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
EVP & CFO
Signature
/s/Dawna Gibb by Power of Attorney
Stock symbol
OVV
Transactions as of
May 18, 2022
Transactions value $
-$570,538
Form type
4
Date filed
5/19/2022, 07:07 PM
Previous filing
Apr 7, 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 +12.7K +24.05% 65.4K May 18, 2022 Direct F2, F3, F4
transaction OVV Common Stock Disposed to Issuer -$571K -12.7K -19.39% $45.02 52.7K May 18, 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 Performance Share Unit Options Exercise $0 -12.7K -100% $0.00* 0 May 18, 2022 Common Stock 12.7K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 Inc. ("Ovintiv") common stock and attracts dividend equivalent PSUs.
F2 Settlement of the PSUs was based on a performance criteria multiplier of 104.2 percent.
F3 Represents the settlement upon vesting of PSUs.
F4 PSUs convert into Ovintiv common stock on a one-for-one basis.
F5 The PSU is settled in Canadian dollars at a price of CAD$57.81 per PSU 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.