Civeo (CVEO) SVP Peter McCann awarded 5,433 phantom shares in equity grant

Rhea-AI Filing Summary

McCann Peter reported acquisition or exercise transactions in this Form 4 filing.

Civeo Corp senior vice president for Australia Peter McCann received a grant of 5,433 phantom shares on March 5, 2026 as part of his equity compensation. The award was issued at a stated price of $0.00 per phantom share and increased his directly held phantom share balance to 12,635.

According to the award terms, these phantom shares were granted under Civeo’s 2014 Equity Participation Plan and will vest in three equal installments on each of the first three anniversaries of March 5, 2026. Phantom shares are typically cash-settled based on the value of the underlying stock rather than representing actual share ownership.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McCann Peter

Role SVP, Australia

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	5,433	$0.00	--

Holdings After Transaction: Phantom Shares — 12,635 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

McCann Peter

(Last) (First) (Middle)

333 CLAY STREET, SUITE 4400

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Civeo Corp [ CVEO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Australia

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Shares	(1)	03/05/2026		A		5,433		(1)	(1)	Common Shares	5,433	$0	12,635	D

Explanation of Responses:

1. Phantom Share Award under the 2014 Equity Participation Plan of Civeo Corporation that vests in equal installments on each of the first three anniversaries of March 5, 2026.

Remarks:

	/s/ Peter McCann, by Bradley J. Dodson, Attorney-in-Fact	03/06/2026
	** Signature of Reporting Person	Date
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.

FAQ

What insider transaction did Civeo Corp (CVEO) report for Peter McCann?

Civeo Corp reported that Peter McCann received a grant of 5,433 phantom shares on March 5, 2026. The award was issued at a stated price of $0.00 per share and increased his directly held phantom share balance to 12,635 under the 2014 equity plan.

What are the vesting terms of Peter McCann’s new phantom share award at CVEO?

The 5,433 phantom shares granted to Peter McCann vest in three equal installments on each of the first three anniversaries of March 5, 2026. This time-based vesting schedule ties his compensation to continued service with Civeo over that multi-year period.

Does the Civeo (CVEO) Form 4 show Peter McCann buying or selling common stock?

The Form 4 does not show open-market buying or selling of common stock by Peter McCann. It reports an acquisition of 5,433 phantom shares as a compensation grant, with no cash paid per share, under Civeo’s 2014 Equity Participation Plan.

How many phantom shares does Peter McCann hold after this CVEO award?

After the March 5, 2026 grant, Peter McCann directly holds a total of 12,635 phantom shares. This includes the newly granted 5,433 phantom shares under Civeo’s 2014 Equity Participation Plan plus his prior phantom share holdings reported in the filing.

What type of transaction code appears on Peter McCann’s Civeo Form 4?

The transaction is reported with code “A,” which represents a grant, award, or other acquisition. In this case, it reflects a compensation-related grant of 5,433 phantom shares to Peter McCann, rather than a market purchase or sale of Civeo common stock.