Brian Gordon Shaw - 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: -$308,835
Form type: 4
Filing time: 10 Mar 2023, 16:21:00 UTC
Previous filing: 03 Jan 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		+14,477	+62%		38,003	08 Mar 2023	Direct	F2, F3
transaction	OVV	Common Stock	Tax liability	$308,835	-7,011	-18%	$44.05	30,992	08 Mar 2023	Direct	F4, F5

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	-14,477	-65%	$0.000000	7,628	08 Mar 2023	Common Stock	14,477		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	Reporting the withholding by Ovintiv of shares of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs) to satisfy payment of tax withholding obligations.
F5	The RSUs settled in Canadian dollars at a price of CAD$60.72 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.