# EDGAR Filing Document

**Accession Number:** 0001693082
**File Stem:** 0001667731-23-000136
**Filing Date:** 2023-3
**Character Count:** 8043
**Document Hash:** f04038f52c563b665aa491eff89a954f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001667731-23-000136.hdr.sgml**: 20230310

**ACCESSION NUMBER**: 0001667731-23-000136

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230308

**FILED AS OF DATE**: 20230310

**DATE AS OF CHANGE**: 20230310

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Zemljak Renee Ellen
- **CENTRAL INDEX KEY:** 0001693082

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39191
- **FILM NUMBER:** 23725015

**MAIL ADDRESS:**
- **STREET 1:** SUITE 1700, 370 - 17TH STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ovintiv Inc.
- **CENTRAL INDEX KEY:** 0001792580
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 370 - 17TH STREET, SUITE 1700
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** (303) 623-2300

**MAIL ADDRESS:**
- **STREET 1:** 370 - 17TH STREET, SUITE 1700
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 1847432 Alberta ULC
- **DATE OF NAME CHANGE:** 20191029

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Zemljak Renee Ellen<br><sub>(Last) (First) (Middle)</sub><br>C/O 370 17TH STREET, SUITE 1700<br><sub>(Street)</sub><br>DENVER, CO 80202<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-08 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_EVP, Midstream, Mrktg & Fndmtl_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Ovintiv Inc. [ OVV ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-03-08 |  | M<sup>(3)</sup> |  | 38780 | A | <sup>(4)</sup> | 38780 | D |  |
| Common Stock | 2023-03-08 |  | F<sup>(5)</sup> |  | 16968 | D | $44.48 | 21812 | D |  |
| Common Stock | 2023-03-08 |  | M<sup>(8)</sup> |  | 111137<sup>(7)</sup> | A | <sup>(9)</sup> | 132949 | D |  |
| Common Stock | 2023-03-08 |  | F<sup>(5)</sup> |  | 47130 | D | $44.48 | 85819<sup>(10)</sup> | D |  |
| Common Stock |  |  |  |  |  |  |  | 4703<sup>(10)</sup> | I | 401(K) |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Share Unit | <sup>(1)</sup> | 2023-03-08 |  | A |  | 6745 |  | 2024-03-08 | 2024-03-08 | Common Stock | 6745 | $0 | 68151 | D |  |
| Restricted Share Unit | <sup>(1)</sup> | 2023-03-08 |  | A |  | 6745 |  | 2025-03-08 | 2025-03-08 | Common Stock | 6745 | $0 | 74896 | D |  |
| Restricted Share Unit | <sup>(1)</sup> | 2023-03-08 |  | A |  | 6745 |  | 2026-03-08 | 2026-03-08 | Common Stock | 6745 | $0 | 81641 | D |  |
| Restricted Share Unit | <sup>(2)</sup> | 2023-03-08 |  | M |  |  | 38780 | 2023-03-08 | 2023-03-08 | Common Stock | 38780 | $0 | 42861 | D |  |
| Performance Share Unit | <sup>(6)</sup> | 2023-03-08 |  | M |  |  | 111137<sup>(7)</sup> | 2023-03-08 | 2023-03-08 | Common Stock | 111137<sup>(7)</sup> | $0 | 0 | D |  |

---

### Footnotes:

(1) 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.

(2) Each RSU is the economic equivalent of one share of Ovintiv common stock and yields dividend equivalent RSUs.

(3) Represents the settlement upon vesting of RSU's.

(4) RSUs convert into Ovintiv common stock on a one-for-one basis.

(5) Reporting the withholding by Ovintiv of shares of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs or PSUs, as applicable) to satisfy payment of tax withholding obligations.

(6) 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.

(7) Settlement of the PSUs was based on a performance criteria multiplier of 170 percent

(8) Represents the settlement upon vesting of PSUs.

(9) PSUs convert into Ovintiv common stock on a one-for-one basis.

(10) Includes Ovintiv common stock acquired through reinvested dividends and employee matching not previously reported.

**Signature:** /s/Dawna Gibb, by Power of Attorney  
**Date:** 2023-03-10

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**