Civeo (CVEO) president settles 6,657 phantom share award

Rhea-AI Filing Summary

Civeo Corp (CVEO) reported that Andrew Fraser, President, Canada, exercised 6,657 Phantom Shares, each economically equivalent to one common share and payable in cash, which vested on August 19, 2026. This exercise corresponded to an acquisition of 6,657 common shares and a simultaneous disposition of 6,657 common shares to the issuer at $33.94 per share. Following the exercise, Fraser held 17,237 Phantom Shares directly.

Insider Trade Summary

6,657 shares exercised/converted

Exercise 3 txns

Insider Fraser Andrew

Role President, Canada

Type	Security	Shares	Price	Value
Exercise	Phantom Shares F1	6,657	$0.00	$0.00
Exercise	Common Shares F1	6,657	--	--
Disposition	Common Shares	6,657	$33.94	$226K

Holdings After Transaction: Phantom Shares — 17,237 shares (Direct); Common Shares — 0 shares (Direct)

Footnotes (1)

1. F1. 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. 6,657 shares vested on August 19, 2026.

Key Figures

Phantom Shares exercised: 6,657 shares Common shares acquired from exercise: 6,657 shares Common shares disposed to issuer: 6,657 shares +2 more

5 metrics

Phantom Shares exercised 6,657 shares Phantom Shares exercised and vested on August 19, 2026

Common shares acquired from exercise 6,657 shares Common shares reported as acquired upon Phantom Share exercise on August 19, 2026

Common shares disposed to issuer 6,657 shares Disposition to issuer on August 19, 2026

Disposition price $33.94 per share Price for disposition of 6,657 common shares to issuer

Phantom Shares held after transaction 17,237 shares Directly held Phantom Shares after August 19, 2026 exercise

Key Terms

Phantom Shares, Disposition to issuer, economic equivalent, payable in cash

4 terms

Phantom Shares financial

"Each phantom share was the economic equivalent of one Civeo common share"

Phantom shares are a form of employee or executive compensation that mimics the economic value of owning company stock without actually issuing real shares; holders receive cash or equivalent payments tied to the company’s share price or dividends. Think of it like a receipt that pays out if the stock rises — it aligns managers’ interests with shareholders but does not dilute ownership, while creating a future cash obligation that investors should watch as it can affect company cash flow and valuation.

Disposition to issuer financial

"transaction_code_description: Disposition to issuer"

economic equivalent financial

"Each phantom share was the economic equivalent of one Civeo common share"

payable in cash financial

"economic equivalent of one Civeo common share payable in cash"

FAQ

What insider transaction did Civeo Corp (CVEO) report for Andrew Fraser on August 19, 2026?

Andrew Fraser exercised 6,657 Phantom Shares tied to Civeo common shares and simultaneously disposed of 6,657 common shares back to the issuer. The event reflects the vesting and cash-equivalent settlement of phantom share awards.

How many Civeo (CVEO) Phantom Shares did Andrew Fraser have after the reported transaction?

After the transaction, Andrew Fraser directly held 17,237 Phantom Shares. These phantom shares are cash-settled awards that are economically equivalent to Civeo common shares and vest at various times based on their grant dates.

At what price were Andrew Fraser’s Civeo (CVEO) common shares disposed of to the issuer?

The 6,657 Civeo common shares were disposed of to the issuer at a price of $33.94 per share. This disposition followed the exercise of an equal number of Phantom Shares that had vested on August 19, 2026.

What are Civeo (CVEO) Phantom Shares as reported in Andrew Fraser’s transaction?

The Phantom Shares are described as the economic equivalent of one Civeo common share and are payable in cash. They vest at various times based on the grant date, with 6,657 phantom shares vesting on August 19, 2026.

Was Andrew Fraser’s Civeo (CVEO) transaction under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox was not affirmed for this report, and no footnote indicates a trading plan. The transactions are reported as an exercise of Phantom Shares and a related disposition to the issuer without plan designation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/20/2026 - 11:54 AM Accepted by SEC EDGAR 08/20/2026 - 11:53 AM Learn about SEC filing dates

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

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^*

Fraser Andrew

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Canada

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	08/19/2026		M		6,657	A	(1)	6,657	D
Common Shares	08/19/2026		D		6,657	D	$33.94	0	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)	08/19/2026		M			6,657	(1)	(1)	Common Shares	6,657	$0	17,237	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. 6,657 shares vested on August 19, 2026.

Remarks:

	/s/ Andrew Fraser, by Bradley J. Dodson, as Attorney-In-Fact	08/20/2026
	** Signature of Reporting Person	Date
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)