Ovintiv Inc

On February 27, 2024, Ovintiv entered into an amendment to Section 4 of the previously filed Change in Control Agreement with each of the following executives:

i.

Brendan M. McCracken, President and Chief Executive Officer

ii.

Corey D. Code, Executive Vice President and Chief Financial Officer

iii.

Gregory D. Givens, Executive Vice President and Chief Operating Officer

iv.

Meghan N. Eilers, Executive Vice President, General Counsel and Corporate Secretary

v.

Rachel M. Moore, Executive Vice President, Corporate Services

vi.

Renee E. Zemljak, Executive Vice President, Midstream, Marketing and Fundamentals

The amendments revise the severance payable to each executive following a change in control event at the Company as follows:

•

Increases the lump sum cash severance payable to 2.5 times (or 3.0 times for Mr. McCracken) the sum of the executive’s base salary, annual allowance, professional membership fees reimbursement, matching contributions to investment plan, and annual bonus award (based on average bonus award paid over preceding three years); and

•

Increases the continued accrual or crediting of contributions (for defined contribution pension plan participants) or the cash payment equal to the value thereof from 24 months to 30 months (or 36 months in the case of Mr. McCracken).

Copies of each amendment are attached as exhibits hereto and incorporated herein by reference.

During the quarter ended December 31, 2023, no director or officer (as defined in Rule 16a-1(f) under the Exchange Act) of the Company adopted or terminated any Rule 10b5-1 trading arrangements or non-Rule 10b5-1 trading arrangements (in each case, as defined in Item 408 of Regulation S-K).