Civeo (CVEO) Chief Accounting Officer logs mixed share and award moves

Rhea-AI Filing Summary

Civeo Corp Chief Accounting Officer Barclay Brewer reported several equity-related transactions on common and phantom shares. Brewer exercised 1,558 phantom shares, economically equivalent to common shares, and received 1,558 common shares at $0.0000 per share, then disposed of 1,558 common shares back to the issuer at $27.6700 per share. Brewer also received a grant of 733 common shares at no cost and disposed of 327 common shares at $27.6700 per share to satisfy tax obligations. Following these transactions, Brewer directly held 9,521 common shares.

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^*

Brewer Barclay

(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)
	Chief Accounting Officer

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		1,558	A	$0(1)	10,673	D
Common Shares	02/23/2026		D		1,558	D	$27.67	9,115	D
Common Shares	02/23/2026		A		733(2)	A	$0	9,848	D
Common Shares	02/23/2026		F		327	D	$27.67	9,521	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			1,558	(1)	(1)	Common Shares	1,558	$0	14,507	D

Explanation of Responses:

1. Each phantom share was the economic equivalent of one Civeo common share payable in cash. The phantom shares vest at various times based on grant date. 1,558 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:

	/s/Barclay Brewer, by Bradley Dodson, as Attorney-in-Fact	02/25/2026
	** 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) report for Barclay Brewer?

Civeo reported that Chief Accounting Officer Barclay Brewer exercised 1,558 phantom shares into common shares, received a 733-share grant, and disposed of 1,885 common shares through issuer disposition and tax-withholding transactions, leaving him with 9,521 directly held common shares.

Did Barclay Brewer buy or sell Civeo (CVEO) shares on the open market?

The filing shows no open-market purchases or sales. Reported transactions include derivative exercises, an equity award grant, a disposition to the issuer, and a tax-withholding share disposition, all related to compensation and vesting rather than open-market trading activity.

How many Civeo (CVEO) shares does Barclay Brewer hold after these transactions?

After completing the reported equity transactions, Barclay Brewer directly holds 9,521 Civeo common shares. This total reflects derivative exercises, a new share grant, and dispositions to the issuer and for tax withholding on February 23, 2026.

What are Civeo (CVEO) phantom shares mentioned in Barclay Brewer’s Form 4?

The phantom shares are cash-settled awards economically equivalent to one Civeo common share each. According to the filing, they vest at various times based on grant date, and 1,558 phantom shares vested on February 23, 2026, triggering the reported exercise.

Why did Barclay Brewer dispose of some Civeo (CVEO) shares in this filing?

The filing reports 1,558 common shares disposed of to the issuer and 327 shares delivered to satisfy tax obligations. These transactions are tied to equity award settlement and tax withholding, not discretionary open-market selling by Barclay Brewer.

What equity award vesting is described in Civeo (CVEO) Chief Accounting Officer’s Form 4 footnotes?

Footnotes explain that 1,558 phantom shares vested on February 23, 2026 and that the settlement relates to a performance share award under Civeo’s 2014 Equity Participation Plan that cliff vested at 47% on the third anniversary of February 23, 2023.