Renee Ellen Zemljak - Mar 8, 2023 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
EVP, Midstream, Mrktg & Fndmtl
Signature
/s/Dawna Gibb, by Power of Attorney
Stock symbol
OVV
Transactions as of
Mar 8, 2023
Transactions value $
-$2,851,079
Form type
4
Date filed
3/10/2023, 04:33 PM
Previous filing
Mar 7, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVV Common Stock Options Exercise +38.8K 38.8K Mar 8, 2023 Direct F3, F4
transaction OVV Common Stock Tax liability -$755K -17K -43.75% $44.48 21.8K Mar 8, 2023 Direct F5
transaction OVV Common Stock Options Exercise +111K +509.52% 133K Mar 8, 2023 Direct F7, F8, F9
transaction OVV Common Stock Tax liability -$2.1M -47.1K -35.45% $44.48 85.8K Mar 8, 2023 Direct F5, F10
holding OVV Common Stock 4.7K Mar 8, 2023 401(K) F10

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 +6.75K +10.98% $0.00 68.2K Mar 8, 2023 Common Stock 6.75K Direct F1
transaction OVV Restricted Share Unit Award $0 +6.75K +9.9% $0.00 74.9K Mar 8, 2023 Common Stock 6.75K Direct F1
transaction OVV Restricted Share Unit Award $0 +6.75K +9.01% $0.00 81.6K Mar 8, 2023 Common Stock 6.75K Direct F1
transaction OVV Restricted Share Unit Options Exercise $0 -38.8K -47.5% $0.00 42.9K Mar 8, 2023 Common Stock 38.8K Direct F2
transaction OVV Performance Share Unit Options Exercise $0 -111K -100% $0.00* 0 Mar 8, 2023 Common Stock 111K Direct F6, F7
* 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 common stock of Ovintiv Inc. ("Ovintiv") and yields dividend equivalent RSUs. Vesting will occur on the exercise date in accordance with the Omnibus Incentive Plan and applicable grant agreement, and subject to the grantee's continued employment with Ovintiv through the applicable exercise date.
F2 Each RSU is the economic equivalent of one share of Ovintiv common stock and yields dividend equivalent RSUs.
F3 Represents the settlement upon vesting of RSU's.
F4 RSUs convert into Ovintiv common stock on a one-for-one basis.
F5 Reporting the withholding by Ovintiv of shares of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs or PSUs, as applicable) to satisfy payment of tax withholding obligations.
F6 Each Performance Share Unit ("PSU") is settled based on the achievement of certain performance criteria, is the economic equivalent of one share of common stock of Ovintiv and yields dividend equivalent PSUs.
F7 Settlement of the PSUs was based on a performance criteria multiplier of 170 percent
F8 Represents the settlement upon vesting of PSUs.
F9 PSUs convert into Ovintiv common stock on a one-for-one basis.
F10 Includes Ovintiv common stock acquired through reinvested dividends and employee matching not previously reported.