Brendan Michael McCracken - Dec 4, 2023 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
Dec 4, 2023
Transactions value $
-$798,219
Form type
4
Date filed
12/5/2023, 06:46 PM
Previous filing
Oct 2, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVV Common Stock Options Exercise +2.96K +2.13% 142K Dec 4, 2023 Direct F2, F3
transaction OVV Common Stock Disposed to Issuer -$131K -2.96K -2.09% $44.23 139K Dec 4, 2023 Direct
transaction OVV Common Stock Options Exercise +15.1K +10.86% 154K Dec 4, 2023 Direct F6, F7
transaction OVV Common Stock Disposed to Issuer -$667K -15.1K -9.8% $44.23 139K Dec 4, 2023 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 -2.96K -1.56% $0.00 187K Dec 4, 2023 Common Stock 2.96K Direct F1
transaction OVV Performance Share Unit Options Exercise $0 -15.1K -100% $0.00* 0 Dec 4, 2023 Common Stock 15.1K 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 170 percent.
F6 Represents the settlement upon vesting of PSUs.
F7 PSUs convert into Ovintiv common stock on a one-for-one basis.