Ovintiv Inc. — Director's Dealing 2022

Jul 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ovintiv Inc. (OVV)
CIK: 0001792580
Period of Report: 2022-06-30

Reporting Person: Zemljak Renee Ellen (EVP, Midstream, Mrktg & Fndmtl)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-06-30	Deferred Share Unit	$	A	39	Acquired		Common Stock (39)	Direct
2022-06-30	Restricted Share Unit	$	A	331	Acquired		Common Stock (331)	Direct

Footnotes

F1: Each Deferred Share Unit (each, "DSU") is the economic equivalent of one share of common stock of Ovintiv Inc. ("Ovintiv") and attracts dividend equivalent DSUs. DSUs are held until retirement from the company.

F2: Dividend equivalent DSUs received in lieu of cash dividends for the second quarter of 2022.

F3: 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, subject to the grantee's continued employment with Ovintiv or its affiliate through the applicable exercise date.

F4: Dividend equivalent RSUs received in lieu of cash dividends for the second quarter of 2022.