Civeo (NYSE: CVEO) CFO awarded 6,515 Phantom Shares under 2014 equity plan

Rhea-AI Filing Summary

Civeo Corp reported that its SVP, CFO and Treasurer, Gerry Elbridge Collin, acquired 6,515 Phantom Shares on a grant or award basis. The award was made at a price of $0.00 per unit and increased his directly held Phantom Shares to 17,597.

According to the footnote, this Phantom Share Award was granted under the 2014 Equity Participation Plan of Civeo Corporation and will vest in equal installments on each of the first three anniversaries of March 5, 2026, creating a multi‑year incentive for the executive.

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^*

Gerry Elbridge Collin

(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)
	SVP CFO and Treasurer

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		6,515		(1)	(1)	Common Shares	6,515	$0	17,597	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/ E. Collin Gerry, by Bradley J. Dodson, 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 Gerry Elbridge Collin?

Civeo reported that SVP, CFO and Treasurer Gerry Elbridge Collin received a grant of 6,515 Phantom Shares. The award was recorded at a price of $0.00 per unit and reflects a non‑cash equity-based compensation grant.

How many Phantom Shares does the Civeo (CVEO) CFO hold after this Form 4 transaction?

After the reported grant, Civeo’s SVP, CFO and Treasurer Gerry Elbridge Collin directly holds 17,597 Phantom Shares. This total includes the newly awarded 6,515 Phantom Shares disclosed in the Form 4 filing for March 5, 2026.

On what date were the 6,515 Phantom Shares granted to the Civeo (CVEO) CFO?

The 6,515 Phantom Shares were granted to Civeo’s SVP, CFO and Treasurer on March 5, 2026. This date is reported as the transaction date for the grant or award acquisition in the Form 4 insider filing.

Under which plan were the new Phantom Shares for Civeo (CVEO) CFO awarded?

The Phantom Shares were awarded under the 2014 Equity Participation Plan of Civeo Corporation. The filing’s footnote specifies that this plan governs the Phantom Share Award and its vesting schedule for the executive.

What is the vesting schedule for the Civeo (CVEO) CFO’s 6,515 Phantom Shares?

The Phantom Share Award vests in equal installments on each of the first three anniversaries of March 5, 2026. This schedule spreads the vesting over three future dates, aligning the award with a multi‑year time horizon.