PETER A. DEA - 18 May 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
18 May 2023
Net transactions value
$0
Form type
4
Filing time
18 May 2023, 19:10:13 UTC
Previous filing
16 May 2023
Next filing
05 Jul 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 +10,060 +32% 41,915 18 May 2023 Direct 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 Award $0 +10,060 +39% $0.000000 35,663 18 May 2023 Common Stock 10,060 Direct F1
transaction OVV Restricted Share Unit Options Exercise $0 -10,060 -28% $0.000000 25,603 18 May 2023 Common Stock 10,060 Direct 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.
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 RSUs.
F4 RSUs convert into Ovintiv common stock on a one-for-one basis.