4//SEC Filing
Shaw Brian Gordon 4
Accession 0001667731-24-000248
CIK 0001792580other
Filed
May 20, 8:00 PM ET
Accepted
May 21, 5:17 PM ET
Size
11.9 KB
Accession
0001667731-24-000248
Insider Transaction Report
Form 4
Ovintiv Inc.OVV
Shaw Brian Gordon
Director
Transactions
- Exercise/Conversion
Common Stock
2024-05-17+4,196→ 42,427 total - Award
Restricted Share Unit
2024-05-17+4,196→ 4,196 totalFrom: 2024-05-17Exp: 2024-05-17→ Common Stock (4,196 underlying) - Tax Payment
Common Stock
2024-05-17$50.05/sh−2,015$100,851→ 40,412 total - Exercise/Conversion
Restricted Share Unit
2024-05-17−4,196→ 0 totalFrom: 2024-05-17Exp: 2024-05-17→ Common Stock (4,196 underlying)
Footnotes (6)
- [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 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 yields 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$68.14 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 9, 2024. 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 0001518451
Filing Metadata
- Form type
- 4
- Filed
- May 20, 8:00 PM ET
- Accepted
- May 21, 5:17 PM ET
- Size
- 11.9 KB