Rachel Maureen Moore - Jun 30, 2022 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role: EVP, Corporate Services
Signature: /s/Dawna Gibb, by Power of Attorney
Stock symbol: OVV
Transactions as of: Jun 30, 2022
Transactions value $: -$336,014
Form type: 4
Date filed: 7/5/2022, 05:28 PM
Previous filing: Jun 9, 2022
Next filing: Oct 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OVV	Common Stock	Options Exercise		+7.31K	+40.82%		25.2K	Jul 1, 2022	Direct	F3, F4
transaction	OVV	Common Stock	Disposed to Issuer	-$336K	-7.31K	-28.99%	$45.96	17.9K	Jul 1, 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	+238	+0.55%	$0.00	43.7K	Jun 30, 2022	Common Stock	238		Direct	F1, F2
transaction	OVV	Restricted Share Unit	Options Exercise	$0	-7.31K	-16.75%	$0.00	36.3K	Jul 1, 2022	Common Stock	7.31K		Direct	F1

* 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, subject to the grantee's continued employment with Ovintiv or its affiliate through the applicable exercise date.
F2	Dividend equivalent RSUs received in lieu of cash dividends for the second quarter of 2022.
F3	Represents the settlement upon vesting of RSUs.
F4	RSUs convert into Ovintiv common stock on a one-for-one basis
F5	The RSUs settled in Canadian dollars at a price of CAD$59.23 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on June 30, 2022.