Brendan Michael McCracken - 05 Aug 2022 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role: President & CEO, Director
Signature: /s/ Dawna Gibb, by Power of Attorney
Issuer symbol: OVV
Transactions as of: 05 Aug 2022
Net transactions value: -$1,034,847
Form type: 4
Filing time: 09 Aug 2022, 16:06:22 UTC
Previous filing: 05 Jul 2022
Next filing: 12 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OVV	Common Stock	Options Exercise		+21,645	+39%		77,512	05 Aug 2022	Direct	F2, F3
transaction	OVV	Common Stock	Disposed to Issuer	$1,034,847	-21,645	-28%	$47.81	55,867	05 Aug 2022	Direct

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	Options Exercise	$0	-21,645	-10%	$0.000000	185,222	05 Aug 2022	Common Stock	21,645		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 yields 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	Represents the settlement upon vesting of RSUs.
F3	RSUs convert into Ovintiv common stock on a one-for-one basis.