Brendan Michael McCracken - Aug 9, 2024 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
President & CEO, Director
Signature
/s/ Dawna Gibb, by Power of Attorney
Stock symbol
OVV
Transactions as of
Aug 9, 2024
Transactions value $
-$4,104,741
Form type
4
Date filed
8/12/2024, 05:07 PM
Previous filing
Jul 2, 2024
Next filing
Oct 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVV Common Stock Options Exercise +22.8K +12.42% 206K Aug 9, 2024 Direct F2, F3
transaction OVV Common Stock Disposed to Issuer -$935K -22.8K -11.05% $41.07 183K Aug 9, 2024 Direct
transaction OVV Common Stock Options Exercise +77.2K +42.12% 260K Aug 9, 2024 Direct F5, F6, F7
transaction OVV Common Stock Disposed to Issuer -$3.17M -77.2K -29.64% $41.07 183K Aug 9, 2024 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 -22.8K -11% $0.00 184K Aug 9, 2024 Common Stock 22.8K Direct F1
transaction OVV Performance Share Unit Options Exercise $0 -77.2K -100% $0.00* 0 Aug 9, 2024 Common Stock 77.2K Direct F4, F5
* 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.
F4 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.
F5 Settlement of the PSUs was based on a performance criteria multiplier of 113 percent.
F6 Represents the settlement upon vesting of PSUs.
F7 PSUs convert into Ovintiv common stock on a one-for-one basis.