4//SEC Filing
Waterman Bruce Gordon 4
Accession 0001667731-22-000213
CIK 0001792580other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 7:03 PM ET
Size
11.8 KB
Accession
0001667731-22-000213
Insider Transaction Report
Form 4
Ovintiv Inc.OVV
Waterman Bruce Gordon
Director
Transactions
- Exercise/Conversion
Common Stock
2022-05-18+4,476→ 114,097 total - Award
Restricted Share Unit
2022-05-18+4,476→ 28,170 totalFrom: 2022-05-18Exp: 2022-05-18→ Common Stock (4,476 underlying) - Tax Payment
Common Stock
2022-05-18$45.02/sh−2,148$96,703→ 111,949 total - Exercise/Conversion
Restricted Share Unit
2022-05-18−4,476→ 23,694 totalFrom: 2022-05-18Exp: 2022-05-18→ Common Stock (4,476 underlying)
Footnotes (6)
- [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 and exercise will occur in accordance with the Omnibus Incentive Plan and the applicable grant agreement and on the same schedule as the underlying RSUs.
- [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]Reporting the withholding by Ovintiv of shares of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs) to satisfy payment of tax withholding obligations.
- [F5]RSUs convert into Ovintiv common stock on a one-for-one basis.
- [F6]The RSUs settled in Canadian dollars at a price of CAD$57.81 per RSU and is determined based on the volume-weighted average price of one share of Ovintiv common stock as traded on the Toronto Stock Exchange for the five trading days immediately following the end of Ovintiv's Q1 financial reporting blackout on May 10, 2022. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
Documents
Issuer
Ovintiv Inc.
CIK 0001792580
Entity typeother
Related Parties
1- filerCIK 0001691482
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 7:03 PM ET
- Size
- 11.8 KB