Civeo Corp (CVEO) CAO receives 6,273 phantom share award

Rhea-AI Filing Summary

Brewer Barclay reported acquisition or exercise transactions in this Form 4 filing.

Civeo Corp Chief Accounting Officer Barclay Brewer reported an award of 6,273 phantom shares on March 5, 2026. The grant was made at a price of $0.0000 per share, increasing his directly held phantom shares to 14,959. The award, granted under Civeo’s 2014 Equity Participation Plan, vests in equal installments on each of the first three anniversaries of March 5, 2026.

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)
03/05/2026

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

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)	03/05/2026		A		6,273		(1)	(1)	Common Shares	6,273	$0	14,959	D

Explanation of Responses:

1. Phantom Share Award under the 2014 Equity Participation Plan of Civeo Corporation that vests in equal installments on each of the first three anniversaries of March 5, 2026.

Remarks:

	/s/Barclay Brewer, by Bradley Dodson, as Attorney-in-Fact	03/06/2026
	** 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).
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FAQ

What insider transaction did Civeo (CVEO) report for Barclay Brewer?

Civeo reported that Chief Accounting Officer Barclay Brewer received a grant of 6,273 phantom shares on March 5, 2026. The award was priced at $0.0000 per share and is a form of equity-based compensation under the company’s 2014 Equity Participation Plan.

How many phantom shares does Barclay Brewer hold after this Civeo (CVEO) award?

After the reported transaction, Barclay Brewer directly holds 14,959 phantom shares. This total reflects the addition of 6,273 newly granted phantom shares, which were awarded at no cost to him as part of Civeo Corporation’s 2014 Equity Participation Plan.

What are the vesting terms of Barclay Brewer’s new Civeo (CVEO) phantom shares?

The 6,273 phantom shares awarded to Barclay Brewer vest in equal installments on each of the first three anniversaries of March 5, 2026. This three-year vesting schedule ties the value of the award to his continued service with Civeo Corporation.

What type of security was granted to Civeo (CVEO) officer Barclay Brewer?

Barclay Brewer received an award of phantom shares, a derivative form of equity compensation that tracks Civeo’s share value. The grant involved 6,273 phantom shares at a stated price of $0.0000 per share under the 2014 Equity Participation Plan of Civeo Corporation.

Was Barclay Brewer’s Civeo (CVEO) phantom share award a market purchase or sale?

The transaction was a grant or award acquisition, not a market purchase or sale. Barclay Brewer was granted 6,273 phantom shares at $0.0000 per share as compensation under Civeo’s 2014 Equity Participation Plan, rather than trading shares in the open market.