Brendan Michael McCracken - Mar 7, 2022 Form 4 Insider Report for Ovintiv Inc. (OVV)

Role
President & CEO
Signature
/s/ Dawna Gibb, by Power of Attorney
Stock symbol
OVV
Transactions as of
Mar 7, 2022
Transactions value $
-$1,107,064
Form type
4
Date filed
3/9/2022, 03:45 PM
Previous filing
Dec 2, 2021
Next filing
Apr 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVV Common Stock Options Exercise +36.7K +143.19% 62.4K Mar 7, 2022 Direct F3, F4
transaction OVV Common Stock Tax liability -$753K -16.1K -25.85% $46.71 46.2K Mar 7, 2022 Direct F5
transaction OVV Common Stock Options Exercise +5.48K +11.84% 51.7K Mar 8, 2022 Direct F3, F4
transaction OVV Common Stock Tax liability -$115K -2.4K -4.65% $47.78 49.3K Mar 8, 2022 Direct F5
transaction OVV Common Stock Options Exercise +11.4K +23.14% 60.7K Mar 8, 2022 Direct F7, F8, F9
transaction OVV Common Stock Tax liability -$239K -5.01K -8.25% $47.78 55.7K Mar 8, 2022 Direct F5, F11

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 +25.9K +15.26% $0.00 195K Mar 7, 2022 Common Stock 25.9K Direct F1
transaction OVV Restricted Share Unit Award $0 +25.9K +13.24% $0.00 221K Mar 7, 2022 Common Stock 25.9K Direct F1
transaction OVV Restricted Share Unit Award $0 +25.9K +11.69% $0.00 247K Mar 7, 2022 Common Stock 25.9K Direct F1
transaction OVV Restricted Share Unit Options Exercise $0 -36.7K -14.85% $0.00 210K Mar 7, 2022 Common Stock 36.7K Direct F2
transaction OVV Restricted Share Unit Options Exercise $0 -5.48K -2.6% $0.00 205K Mar 8, 2022 Common Stock 5.48K Direct F2, F10
transaction OVV Performance Share Unit Options Exercise $0 -11.4K -100% $0.00* 0 Mar 8, 2022 Common Stock 11.4K 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 (each, "RSU") is the economic equivalent of one share of common stock of Ovintiv Inc. ("Ovintiv") and attracts 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 or its affiliate through the applicable exercise date.
F2 Each RSU is the economic equivalent of one share of Ovintiv common stock and attracts dividend equivalent RSUs.
F3 Represents the settlement upon vesting of RSUs.
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 (each, "PSU") is settled based on the achievement of certain performance criteria, is the economic equivalent of one common share of Ovintiv common stock and attracts dividend equivalent PSUs.
F7 Settlement of the PSUs was based on a performance criteria multiplier of 104.2 percent.
F8 Represents the settlement upon vesting of PSUs.
F9 PSUs convert into Ovintiv common stock on a one-for-one basis.
F10 Includes 5,720 RSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 1,989 RSUs on March 30, 2020; 540 RSUs on June 30, 2020; 623 RSUs on September 30, 2020; 411 RSUs on December 31, 2020; 413 RSUs on March 31, 2021; 319 RSUs on June 30, 2021; 716 RSUs on September 30, 2021; and 709 RSUs on December 31, 2021.
F11 Includes Ovintiv common stock acquired through reinvested dividends.