Renee Ellen Zemljak - Mar 8, 2024 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
EVP, Midstream, Mrktg & Fndmtl
Signature
/s/Dawna Gibb, by Power of Attorney
Stock symbol
OVV
Transactions as of
Mar 8, 2024
Transactions value $
-$2,464,637
Form type
4
Date filed
3/12/2024, 05:55 PM
Previous filing
Jan 3, 2024
Next filing
Mar 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVV Common Stock Options Exercise +24.4K +28.43% 110K Mar 8, 2024 Direct F3, F4
transaction OVV Common Stock Tax liability -$509K -10.3K -9.33% $49.45 99.9K Mar 8, 2024 Direct F5
transaction OVV Common Stock Options Exercise +39.6K +39.58% 139K Mar 8, 2024 Direct F7, F8, F9
transaction OVV Common Stock Disposed to Issuer -$1.96M -39.6K -28.36% $49.45 99.9K Mar 8, 2024 Direct
holding OVV Common Stock 5.15K Mar 8, 2024 401(K) F10

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 +6.07K +13.77% $0.00 50.1K Mar 8, 2024 Common Stock 6.07K Direct F1
transaction OVV Restricted Share Unit Award $0 +6.07K +12.1% $0.00 56.2K Mar 8, 2024 Common Stock 6.07K Direct F1
transaction OVV Restricted Share Unit Award $0 +6.07K +10.79% $0.00 62.3K Mar 8, 2024 Common Stock 6.07K Direct F1
transaction OVV Restricted Share Unit Options Exercise $0 -24.4K -39.19% $0.00 37.9K Mar 8, 2024 Common Stock 24.4K Direct F2
transaction OVV Performance Share Unit Options Exercise $0 -39.6K -100% $0.00* 0 Mar 8, 2024 Common Stock 39.6K Direct F6, F7
* 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 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 RSU's.
F4 RSUs convert into Ovintiv common stock on a one-for-one basis.
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.
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.
F7 Settlement of the PSUs was based on a performance criteria multiplier of 113 percent.
F8 Represents the settlement upon vesting of PSUs.
F9 PSUs convert into Ovintiv common stock on a one-for-one basis.
F10 Includes Ovintiv common stock acquired through reinvested dividends and employee matching not previously reported.