Corey Douglas Code - 08 Mar 2024 Form 4 Insider Report for Ovintiv Inc. (OVV)

Footnote 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.

Footnote F2

Each RSU is the economic equivalent of one share of Ovintiv common stock and yields dividend equivalent RSUs.

Footnote F3

Represents the settlement upon vesting of RSUs.

Footnote F4

RSUs convert into Ovintiv common stock on a one-for-one basis.

Footnote 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.

Footnote 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.

Footnote F7

Settlement of the PSUs was based on a performance criteria multiplier of 113 percent.

Footnote F8

Represents the settlement upon vesting of PSUs.

Footnote F9

PSUs convert into Ovintiv common stock on a one-for-one basis.

Footnote F10

The RSUs and PSUs settled in Canadian dollars at a price of CAD$67.12 per RSU or PSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.

Footnote F11

Includes Ovintiv common stock acquired through reinvested dividends and employee matching not previously reported.