Transaction Details

Footnotes

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. | Each RSU is the economic equivalent of one share of Ovintiv common stock and yields dividend equivalent RSUs. | Represents the settlement upon vesting of RSUs. | 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. | RSUs convert into Ovintiv common stock on a one-for-one basis. | The RSUs settled in Canadian dollars at a price of CAD$53.15 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 8, 2025. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.