Civeo (CVEO) CEO reports equity grant, exercises and share disposals

Rhea-AI Filing Summary

Civeo Corp President & CEO Bradley J. Dodson reported several equity-related transactions. He exercised 13,487 phantom shares into common stock and then disposed of 13,487 common shares back to the issuer at $27.67 per share, with an additional 7,482 shares delivered to cover tax obligations. He also received a grant of 19,016 common shares and now directly holds 261,466 common shares. Footnotes state the phantom shares are cash-settled and that part of the activity reflects settlement of a performance share award under Civeo’s 2014 Equity Participation Plan.

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

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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^*

Dodson Bradley J

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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
Common Shares	02/23/2026		M		13,487	A	$0(1)	263,419	D
Common Shares	02/23/2026		D		13,487	D	$27.67	249,932	D
Common Shares	02/23/2026		A		19,016(2)	A	$0	268,948	D
Common Shares	02/23/2026		F		7,482	D	$27.67	261,466	D

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)	02/23/2026		M			13,487	(1)	(1)	Common Shares	13,487	$0	64,172	D

Explanation of Responses:

1. Each phantom share is the economic equivalent of one Civeo Corporation common share and is payable in cash. The phantom shares vest at various times based on grant date. 13,487 shares vested on February 23, 2026.

2. Settlement of performance share award under the 2014 Equity Participation Plan of Civeo Corporation that cliff vested at 47% on the third anniversary of February 23, 2023.

Remarks:

	Bradley J. Dodson, Attorney-In-Fact	02/25/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did Civeo (CVEO) CEO Bradley Dodson report?

Bradley Dodson reported exercising 13,487 phantom shares into common stock, disposing of 13,487 common shares back to Civeo at $27.67, delivering 7,482 shares for taxes, and receiving a grant of 19,016 common shares under the company’s equity plan.

How many Civeo (CVEO) shares does the CEO hold after these Form 4 transactions?

After the reported transactions, Bradley Dodson directly holds 261,466 Civeo common shares. This figure reflects exercises, dispositions to the issuer, tax-withholding share deliveries, and a new equity grant reported on the same date in the Form 4 filing.

What are the phantom shares mentioned in the Civeo (CVEO) CEO’s Form 4?

Each phantom share is the economic equivalent of one Civeo common share and is payable in cash. According to the footnote, 13,487 phantom shares vested on February 23, 2026, and these awards vest at various times depending on their original grant dates.

Were the Civeo (CVEO) CEO’s share disposals open-market sales?

The Form 4 describes the 13,487-share transaction as a disposition to the issuer and the 7,482-share transaction as delivery of shares to satisfy exercise price or tax liabilities, rather than open-market sales, both reported with per-share values of $27.67.

What equity award grant did the Civeo (CVEO) CEO receive in this Form 4?

Bradley Dodson received a grant of 19,016 common shares at a stated price of $0.00 per share. A footnote explains this relates to a performance share award under Civeo’s 2014 Equity Participation Plan that cliff vested at 47% on its third anniversary.

How many acquire versus dispose transactions appear in this Civeo (CVEO) Form 4?

The transaction summary shows three acquire-type entries and two dispose-type entries. Acquire events include the phantom share exercise and equity grant, while dispose events cover the issuer disposition and the tax-withholding share delivery reported for Bradley Dodson on the same date.