Form 4 for OVV Ovintiv Inc.
Accepted 2022-03-09 00:00:00 ET · period of report 2020-03-30 · accession 0001667731-22-000067 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-03-09 | 2022-03-07+ | OVV | Code Corey Douglas | EVP, CFO | F - Tax | $46.54 | -17.1K | 48.7K | -26% | -$794.0K |
| DM | 2022-03-09 | 2022-03-07+ | OVV | Code Corey Douglas | EVP, CFO | M - OptEx | — | +35.5K | 50.4K | +239% | — |
| DM | 2022-03-09 | 2020-03-30+ | OVV | Code Corey Douglas | EVP, CFO | A - Grant | $0.00 | +23.5K | 2,566 | New | $0 |
| DM | 2022-03-09 | 2022-03-07+ | OVV | Code Corey Douglas | EVP, CFO | M - OptEx | $0.00 | -35.5K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-08 | F | D | 3,539 | $47.28 | 52,540 | D | — | — | (F12) The PSU is settled in Canadian dollars at a price of CAD$60.84 per PSU and is determined based on the volume-weighted average price of one share of common stock of Ovintiv on the Toronto Stock Exchange for the five trading days following approval of the performance criteria multiplier. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date. (F16) Includes Ovintiv common stock acquired through reinvested dividends. |
| 2 | Common | Common Stock | 2022-03-07 | F | D | 11,824 | $46.21 | 46,868 | D | — | — | (F5) The RSUs settled in Canadian dollars at a price of CAD$59.02 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date. |
| 3 | Common | Common Stock | 2022-03-08 | F | D | 1,698 | $47.28 | 48,707 | D | — | — | (F7) The RSUs settled in Canadian dollars at a price of CAD$60.84 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date. |
| 4 | Common | Common Stock | 2022-03-08 | M | A | 7,372 | — | 56,079 | D | — | — | (F9) Settlement of the PSUs was based on a performance criteria multiplier of 104.2 percent. (F11) PSUs convert into Ovintiv common stock on a one-for-one basis. |
| 5 | Common | Common Stock | 2022-03-07 | M | A | 24,633 | — | 58,692 | D | — | — | (F4) RSUs convert into Ovintiv common stock on a one-for-one basis |
| 6 | Common | Common Stock | 2022-03-08 | M | A | 3,537 | — | 50,405 | D | — | — | (F4) RSUs convert into Ovintiv common stock on a one-for-one basis |
| 7 | Derivative | Restricted Share Unit | 2022-03-07 | A | A | 7,766 | $0.00 | 69,376 | D | — · 2023-03-07 to 2023-03-07 | 7,766 Common Stock | (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. |
| 8 | Derivative | Restricted Share Unit | 2022-03-07 | A | A | 7,766 | $0.00 | 77,142 | D | — · 2024-03-07 to 2024-03-07 | 7,766 Common Stock | (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. |
| 9 | Derivative | Restricted Share Unit | 2022-03-07 | A | A | 7,766 | $0.00 | 84,908 | D | — · 2025-03-07 to 2025-03-07 | 7,766 Common Stock | (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. |
| 10 | Derivative | Restricted Share Unit | 2022-03-07 | M | D | 24,633 | $0.00 | 60,275 | D | — · 2022-03-07 to 2022-03-07 | 24,633 Common Stock | (F2) Each RSU is the economic equivalent of one share of Ovintiv common stock and attracts dividend equivalent RSUs. |
| 11 | Derivative | Restricted Share Unit | 2022-03-08 | M | D | 3,537 | $0.00 | 56,738 | D | — · 2022-03-08 to 2022-03-08 | 3,537 Common Stock | (F13) Includes 4,241 RSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 1,878 RSUs on March 30, 2020; 513 RSUs on June 30, 2020; 584 RSUs on September 30, 2020; 339 RSUs on December 31, 2020; 233 RSUs on March 31, 2021; 179 RSUs on June 30, 2021; 254 RSUs on September 30, 2021; and 261 RSUs on December 31, 2021. (F2) Each RSU is the economic equivalent of one share of Ovintiv common stock and attracts dividend equivalent RSUs. |
| 12 | Derivative | Performance Share Unit | 2022-03-08 | M | D | 7,372 | $0.00 | 0 | D | — · 2022-03-08 to 2022-03-08 | 7,372 Common Stock | (F9) Settlement of the PSUs was based on a performance criteria multiplier of 104.2 percent. (F8) 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 |
| 13 | Derivative | Rights (Deferred Share Unit) | 2020-03-30 | A | A | 197 | $0.00 | 2,566 | D | — · — to — | 197 Common Stock | (F15) Represents grants of dividend equivalent DSUs from March 30, 2020 to December 31, 2021 that were not previously reported due to an inadvertent administrative oversight as follows: 90 DSUs on March 30, 2020; 24 DSUs on June 30, 2020; 28 DSUs on September 30, 2020; 16 DSUs on December 31, 2020; 10 DSUs on March 31, 2021; 7 DSUs on June 30, 2021; 11 DSUs on September 30, 2021; and 11 DSUs on December 31, 2021. (F14) Each Deferred Share Unit (each, a "DSU") is the economic equivalent of one share of Ovintiv common stock and attracts dividend equivalent DSUs. DSUs are held until retirement from the company. |