Civeo Corp (CVEO) President Canada granted 5,671 phantom share units

Rhea-AI Filing Summary

Fraser Andrew reported acquisition or exercise transactions in this Form 4 filing.

Civeo Corp executive Andrew Fraser, President of Canada, received a grant of 5,671 phantom shares on March 5, 2026. These phantom shares were awarded at a price of $0.0000 per share and are part of his equity compensation. Following this award, his directly held phantom share balance increased to 23,894 units. The grant was issued under Civeo’s 2014 Equity Participation Plan and is scheduled to vest in three 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^*

Fraser Andrew

(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)
	President, Canada

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		5,671		(1)	(1)	Common Shares	5,671	$0	23,894	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/ Andrew Fraser, by Bradley J. 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 Corp (CVEO) report for Andrew Fraser?

Civeo Corp reported that Andrew Fraser received a grant of 5,671 phantom shares on March 5, 2026. The award was made at $0.0000 per share as part of equity compensation under the company’s 2014 Equity Participation Plan.

How many phantom shares does Andrew Fraser hold after this CVEO award?

After the March 5, 2026 phantom share grant, Andrew Fraser beneficially owns a total of 23,894 phantom shares. This figure reflects his direct holdings following the 5,671-unit equity award reported in the Form 4 filing.

How do Andrew Fraser’s Civeo Corp phantom shares vest?

The 5,671 phantom shares awarded to Andrew Fraser vest in three equal installments. They vest on each of the first three anniversaries of March 5, 2026, according to the 2014 Equity Participation Plan’s vesting schedule described in the filing footnote.

What is the transaction code and nature of Andrew Fraser’s CVEO award?

The transaction is coded “A,” indicating a grant, award, or other acquisition. It represents an equity compensation award of phantom shares to Andrew Fraser, rather than an open-market purchase or sale, and is treated as a derivative security transaction.

Is Andrew Fraser’s Civeo phantom share transaction a buy or a sell?

The transaction is an acquisition through a grant of phantom shares, not an open-market buy or sell. It is characterized as a grant or award under Civeo’s 2014 Equity Participation Plan, with no purchase price paid by Andrew Fraser.