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 |
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 |
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. |