Brian Gordon Shaw - Mar 8, 2024 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
Director
Signature
/s/Dawna Gibb by Power of Attorney
Stock symbol
OVV
Transactions as of
Mar 8, 2024
Transactions value $
-$187,622
Form type
4
Date filed
3/12/2024, 05:12 PM
Previous filing
Jan 3, 2024
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVV Common Stock Options Exercise +7.85K +22.97% 42K Mar 8, 2024 Direct F2, F3
transaction OVV Common Stock Tax liability -$188K -3.77K -8.97% $49.82 38.2K Mar 8, 2024 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 -7.85K -100% $0.00* 0 Mar 8, 2024 Common Stock 7.85K 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 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 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$67.12 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.