Gregory Dean Givens - 10 Sep 2022 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
EVP & COO
Signature
/s/Dawna Gibb, by Power of Attorney
Issuer symbol
OVV
Transactions as of
10 Sep 2022
Net transactions value
-$404,579
Form type
4
Filing time
12 Sep 2022, 18:10:59 UTC
Previous filing
05 Jul 2022
Next filing
04 Oct 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 +7,885 +11% 79,289 10 Sep 2022 Direct F2, F3, F4
transaction OVV Common Stock Disposed to Issuer $404,579 -7,885 -9.9% $51.31 71,404 10 Sep 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 Performance Share Unit Options Exercise $0 -7,885 -100% $0.000000* 0 10 Sep 2022 Common Stock 7,885 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 yields 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.