Steven W. Nance - 08 Mar 2023 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role: Director
Signature: /s/Dawna Gibb, by Power of Attorney
Issuer symbol: OVV
Transactions as of: 08 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 10 Mar 2023, 16:02:34 UTC
Previous filing: 13 Feb 2023
Next filing: 04 Apr 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		+14,709	+90%		31,119	08 Mar 2023	Direct	F2, F3, F4

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	-14,709	-65%	$0.000000	8,001	08 Mar 2023	Common Stock	14,709		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 ("RSU"') is the economic equivalent of one share of Ovintiv Inc. ("Ovintiv") common stock and yields dividend equivalent RSUs.
F2	Represents the settlement upon vesting of RSUs.
F3	RSUs convert into Ovintiv common stock on a one-for-one basis.
F4	The amount of securities reflects the correction of a past understatement of shares beneficially owned, due to a reporting misstatement on the Form 5 filed on 2/13/2023.