Brendan Michael McCracken - Sep 10, 2022 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
President & CEO, Director
Signature
/s/ Dawna Gibb, by Power of Attorney
Stock symbol
OVV
Transactions as of
Sep 10, 2022
Transactions value $
-$240,541
Form type
4
Date filed
9/12/2022, 06:24 PM
Previous filing
Aug 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 +4.69K +8.39% 60.6K Sep 10, 2022 Direct F2, F3, F4
transaction OVV Common Stock Disposed to Issuer -$241K -4.69K -7.74% $51.31 55.9K Sep 10, 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 -4.69K -100% $0.00* 0 Sep 10, 2022 Common Stock 4.69K 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.