Civeo Corp (NYSE: CVEO) director receives 3,624-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MOORE CONSTANCE B reported acquisition or exercise transactions in this Form 4 filing.
Civeo Corp director Constance B. Moore received a grant of 3,624 common shares as a restricted share award. The award was granted at a stated price of $0 per share under Civeo’s Amended and Restated 2014 Equity Participation Plan, increasing her direct holdings to 49,983 common shares.
The restricted common share award will vest on the earlier of one year from May 27, 2026 or the date of Civeo’s next annual shareholders’ meeting, linking the compensation to continued board service over that period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MOORE CONSTANCE B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 3,624 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 49,983 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted shares granted: 3,624 shares
Grant price per share: $0.00 per share
Total shares after grant: 49,983 shares
+1 more
4 metrics
Restricted shares granted
3,624 shares
Common shares granted as restricted award on May 27, 2026
Grant price per share
$0.00 per share
Stated transaction price for restricted share award
Total shares after grant
49,983 shares
Director’s direct Civeo holdings following the award
Vesting condition
Earlier of one year from May 27, 2026 or next annual meeting
Schedule for restricted common share vesting
Key Terms
Restricted common share award, Amended and Restated 2014 Equity Participation Plan, vest, Common Shares
4 terms
Amended and Restated 2014 Equity Participation Plan financial
"under the Amended and Restated 2014 Equity Participation Plan of Civeo Corporation"
vest financial
"that vest on the earlier of one year from May 27, 2026 or the next annual shareholders' meeting date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Civeo Corp (CVEO) report for Constance B. Moore?
Civeo Corp reported that director Constance B. Moore received a grant of 3,624 restricted common shares. This was a compensation-related award under the company’s equity plan, not an open-market purchase, and it increased her direct holdings in Civeo.