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Civeo Corp (NYSE: CVEO) director awarded 3,624 Deferred Shares as equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Montelongo Michael reported acquisition or exercise transactions in this Form 4 filing.

Civeo Corp director Michael Montelongo received a grant of 3,624 Deferred Shares as equity compensation. The award was made at a stated price of $0.00 per share and increased his directly held Deferred Shares to 25,522 following the transaction. According to the accompanying note, the Deferred Shares were granted under Civeo’s Amended and Restated 2014 Equity Participation Plan and vest on the earlier of one year from May 27, 2026 or the next annual shareholders' meeting date.

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Insider Montelongo Michael
Role null
Type Security Shares Price Value
Grant/Award Deferred Shares 3,624 $0.00 --
Holdings After Transaction: Deferred Shares — 25,522 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Deferred Shares granted 3,624 shares Director equity award on May 27, 2026
Post-transaction holdings 25,522 Deferred Shares Shares directly held after grant
Grant price per share $0.00 per share Stated price for Deferred Share award
Deferred Shares financial
"security_title: "Deferred Shares""
Deferred shares are a class of stock whose economic benefits or certain shareholder rights are delayed or paid later than ordinary shares—for example, dividends may be paid only after other shareholders receive theirs, or voting or redemption rights may be postponed. For investors, that timing difference matters because deferred shares typically offer lower near-term income and different risk, affecting expected returns, priority in payouts, and the share’s market value; think of them like a delayed paycheck compared with a regular salary.
Amended and Restated 2014 Equity Participation Plan financial
"Deferred share award under the Amended and Restated 2014 Equity Participation Plan of Civeo Corporation"
annual shareholders' meeting financial
"that vest on the earlier of one year from May 27, 2026 or the next annual shareholders' meeting date"
SEC Form 4
FORM 4UNITED 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*
Montelongo Michael

(Last)(First)(Middle)
333 CLAY STREET
SUITE 4400

(Street)
HOUSTON TEXAS 77002

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Civeo Corp [ CVEO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Deferred Shares05/27/2026A3,624(1)A$025,522D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Deferred share award under the Amended and Restated 2014 Equity Participation Plan of Civeo Corporation that vest on the earlier of one year from May 27, 2026 or the next annual shareholders' meeting date.
Remarks:
/s/ Bradley J. Dodson, Attorney-In-Fact05/27/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Civeo Corp (CVEO) report for Michael Montelongo?

Civeo Corp reported that director Michael Montelongo received a grant of 3,624 Deferred Shares. These shares were awarded at a stated price of $0.00 per share as part of his equity compensation, increasing his directly held Deferred Shares to 25,522 after the transaction.

How many Civeo Corp (CVEO) shares does Michael Montelongo hold after this Form 4?

After the reported grant, Michael Montelongo directly holds 25,522 Deferred Shares of Civeo Corp. This total reflects the addition of 3,624 newly granted Deferred Shares under the company’s equity plan, as shown in the Form 4 filing’s post-transaction holdings column.

What type of security was granted to Civeo Corp (CVEO) director Michael Montelongo?

The filing shows that Michael Montelongo was granted Deferred Shares of Civeo Corp. Deferred Shares are a form of equity compensation awarded under the company’s Amended and Restated 2014 Equity Participation Plan and typically vest at a future date, aligning director incentives with shareholders.

When do Michael Montelongo’s Civeo Corp (CVEO) Deferred Shares vest?

According to the footnote, the Deferred Share award vests on the earlier of one year from May 27, 2026 or the next annual shareholders' meeting date. This means vesting is tied to either a time-based condition or the timing of Civeo’s next shareholder meeting.

Was the Civeo Corp (CVEO) Deferred Share grant to Michael Montelongo a purchase or compensation?

The transaction is classified as a grant or award acquisition, not an open-market purchase. It represents equity compensation awarded at $0.00 per share, consistent with a director grant under Civeo’s Amended and Restated 2014 Equity Participation Plan as disclosed in the Form 4.