Brendan Michael McCracken - 07 Aug 2023 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role: President & CEO, Director
Signature: /s/ Dawna Gibb, by Power of Attorney
Issuer symbol: OVV
Transactions as of: 07 Aug 2023
Net transactions value: -$1,045,936
Form type: 4
Filing time: 09 Aug 2023, 17:10:37 UTC
Previous filing: 05 Jul 2023
Next filing: 02 Oct 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		+22,202	+16%		161,092	07 Aug 2023	Direct	F2, F3
transaction	OVV	Common Stock	Disposed to Issuer	$1,045,936	-22,202	-14%	$47.11	138,890	07 Aug 2023	Direct

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	-22,202	-11%	$0.000000	188,503	07 Aug 2023	Common Stock	22,202		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 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	Represents the settlement upon vesting of RSUs.
F3	RSUs convert into Ovintiv common stock on a one-for-one basis.