Civeo (CVEO) CEO reports phantom share vesting and stock dispositions

Rhea-AI Filing Summary

Civeo Corp President & CEO Bradley J. Dodson reported several equity-related transactions on common and phantom shares. On March 2 and 3, 2026, he exercised or converted derivative awards into common shares and then disposed of equal amounts of common shares back to the issuer at prices of $27.82 and $27.03 per share. Footnotes state each phantom share is economically equivalent to one Civeo common share and payable in cash, with 14,292 phantom shares vesting on March 2 and 11,862 vesting on March 3.

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)
03/02/2026

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	03/02/2026		M		14,292	A	$0(1)	275,758	D
Common Shares	03/02/2026		D		14,292	D	$27.82	261,466	D
Common Shares	03/03/2026		M		11,862	A	$0(2)	273,328	D
Common Shares	03/03/2026		D		11,862	D	$27.03	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)	03/02/2026		M			14,292	(1)	(1)	Common Shares	14,292	$0	49,880	D
Phantom Shares	(2)	03/03/2026		M			11,862	(2)	(2)	Common Shares	11,862	$0	38,018	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. 14,292 shares vested on March 2, 2026.

2. 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. 11,862 shares vested on March 3, 2026.

Remarks:

	Bradley J. Dodson, Attorney-In-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

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

Bradley Dodson reported derivative exercises and related dispositions. On March 2 and 3, 2026, phantom and common share awards were exercised or converted, and matching amounts of common shares were disposed back to Civeo Corporation, reflecting vesting and associated equity-settled transactions.

How many Civeo common shares were involved in Bradley Dodson’s March 2026 Form 4?

The Form 4 shows 14,292 common shares and 11,862 common shares involved on March 2 and March 3, 2026, respectively, through exercise or conversion of derivative awards and corresponding dispositions to the issuer at specified per-share prices.

What prices were used for Bradley Dodson’s Civeo share dispositions?

Dispositions of Civeo common shares to the issuer were reported at $27.82 per share on March 2, 2026, and $27.03 per share on March 3, 2026, as part of issuer disposition transactions coded with transaction code “D.”

What are Civeo phantom shares reported in Bradley Dodson’s Form 4?

The phantom shares are derivative awards economically equivalent to one Civeo common share and payable in cash. Footnotes state 14,292 phantom shares vested on March 2, 2026, and 11,862 vested on March 3, 2026, with vesting timing based on grant dates.

Did Bradley Dodson acquire or dispose of Civeo shares in these transactions?

The Form 4 reflects both acquisition and disposition directions. Derivative awards were exercised or converted into common shares (acquire), while the same number of common shares were reported as dispositions to the issuer, resulting in mixed transaction directions overall.

How did these transactions affect Bradley Dodson’s Civeo holdings?

After the March 3, 2026 transactions, Dodson’s reported direct holdings included 261,466 Civeo common shares. For phantom shares, reported balances were 49,880 after March 2 and 38,018 after March 3, showing updated derivative award positions following vesting activity.