Ovintiv Announces Results of Annual Meeting

Rhea-AI Summary

Ovintiv Inc. (NYSE: OVV) held its 2025 Annual Meeting of Shareholders on May 1, 2025, where several key matters were voted upon. All eleven nominated directors were successfully elected with strong approval ratings, with most receiving over 95% of votes in favor. The company's shareholders also approved other significant measures including: a non-binding advisory vote on executive compensation (93.96% approval), the Third Amendment to the Omnibus Incentive Plan (96.98% approval), and the ratification of PricewaterhouseCoopers LLP as independent auditors (96.24% approval). Notable directors elected include Peter A. Dea, Brendan M. McCracken, and Terri G. King, with King receiving one of the highest approval ratings at 99.81%.

DENVER, May 5, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) the "Company") today announced that the following matters, as further described in the Company's Proxy Statement filed on March 20, 2025 (the "Proxy Statement"), were voted upon at its 2025 Annual Meeting of Shareholders held on May 1, 2025.

Election of Directors

Each director listed in the Proxy Statement was elected as a director of the Company. The results of the vote by ballot were as follows:

	Shares For	Percent	Shares Against	Percent	Abstain	Broker Non-vote
Peter A. Dea	194,971,146	95.40 %	9,397,427	4.59 %	167,844	14,704,463
Sippy Chhina	203,825,808	99.78 %	430,847	0.21 %	279,762	14,704,463
Meg A. Gentle	201,529,881	98.60 %	2,842,045	1.39 %	164,491	14,704,463
Ralph Izzo	199,668,414	97.73 %	4,621,495	2.26 %	246,508	14,704,463
Terri G. King	203,977,847	99.81 %	386,536	0.18 %	172,034	14,704,463
Howard J. Mayson	202,468,078	99.07 %	1,900,432	0.92 %	167,907	14,704,463
Brendan M. McCracken	203,580,135	99.61 %	791,758	0.38 %	164,524	14,704,463
Steven W. Nance	200,819,477	98.26 %	3,550,918	1.73 %	166,022	14,704,463
George L. Pita	202,507,364	99.09 %	1,858,035	0.90 %	171,018	14,704,463
Thomas G. Ricks	194,538,704	95.19 %	9,829,909	4.80 %	167,804	14,704,463
Brian G. Shaw	200,180,720	97.95 %	4,186,345	2.04 %	169,352	14,704,463

Advisory Vote to Approve Compensation of Named Executive Officers

The results of the non-binding advisory vote for the compensation of the Company's named executive officers were as follows:

Shares For	Percent	Shares Against	Percent	Abstain	Broker Non-vote
191,966,561	93.96 %	12,334,085	6.03 %	235,771	14,704,463

Third Amendment to the Omnibus Incentive Plan

The results of the vote on the Third Amendment to the Omnibus Incentive Plan were as follows:

Shares For	Percent	Shares Against	Percent	Abstain	Broker Non-vote
198,139,344	96.98 %	6,157,898	3.01 %	239,175	14,704,463

Ratify PricewaterhouseCoopers LLP as Independent Auditors

The results for the ratification of PricewaterhouseCoopers LLP, Chartered Accountants, as the Company's independent auditors were as follows:

Shares For	Percent	Shares Against	Percent	Abstain	Broker Non-vote
210,840,461	96.24 %	8,214,984	3.75 %	185,435	0

Further information on Ovintiv Inc. is available on the Company's website, www.ovintiv.com, or by contacting:

Investor contact: (888) 525-0304

Media contact: (403) 645-2252

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SOURCE Ovintiv Inc.

FAQ

What were the key voting results at Ovintiv's (OVV) 2025 Annual Meeting?

At Ovintiv's 2025 Annual Meeting, shareholders approved all eleven directors, executive compensation (93.96%), the Third Amendment to Omnibus Incentive Plan (96.98%), and ratified PricewaterhouseCoopers LLP as auditors (96.24%).

Who are the directors elected to Ovintiv's (OVV) board in 2025?

The elected directors include Peter A. Dea, Sippy Chhina, Meg A. Gentle, Ralph Izzo, Terri G. King, Howard J. Mayson, Brendan M. McCracken, Steven W. Nance, George L. Pita, Thomas G. Ricks, and Brian G. Shaw.

What was the shareholder approval rate for Ovintiv's (OVV) executive compensation in 2025?

Shareholders approved the non-binding advisory vote for executive compensation with 93.96% voting in favor, representing 191,966,561 shares.

Which Ovintiv (OVV) director received the highest shareholder approval in 2025?

Terri G. King received the highest shareholder approval with 99.81% of votes in favor, representing 203,977,847 shares.