Brendan Michael McCracken - 01 Dec 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: 01 Dec 2022
Transactions value $: -$157,386
Form type: 4
Filing time: 01 Dec 2022, 17:42:05 UTC
Previous filing: 15 Nov 2022
Next filing: 03 Jan 2023
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		+2.88K	+5.16%		58.7K	01 Dec 2022	Direct	F2, F3
transaction	OVV	Common Stock	Disposed to Issuer	-$157K	-2.88K	-4.91%	$54.61	55.9K	01 Dec 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	-2.88K	-1.55%	$0.00	183K	01 Dec 2022	Common Stock	2.88K		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.