Rachel Maureen Moore - Dec 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: Dec 30, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/3/2023, 05:14 PM
Previous filing: Oct 4, 2022
Next filing: Mar 10, 2023

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	+182	+0.5%	$0.00	36.7K	Dec 30, 2022	Common Stock	182		Direct	F1, F2

* 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	Dividend equivalent RSUs received in lieu of cash dividends for the fourth quarter of 2022.

Content

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.

Dividend equivalent RSUs received in lieu of cash dividends for the fourth quarter of 2022.