Brendan Michael McCracken - Mar 31, 2023 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role: President & CEO, Director
Signature: /s/ Dawna Gibb, by Power of Attorney
Stock symbol: OVV
Transactions as of: Mar 31, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/4/2023, 06:08 PM
Previous filing: Mar 10, 2023
Next filing: Jul 5, 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	+1.48K	+0.71%	$0.00	209K	Mar 31, 2023	Common Stock	1.48K		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 ("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 through the applicable exercise date.
F2	Dividend equivalent RSUs received in lieu of cash dividends for the first quarter of 2023.

Content

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 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 through the applicable exercise date.

Dividend equivalent RSUs received in lieu of cash dividends for the first quarter of 2023.