Civeo Corp (CVEO) CFO reports phantom share vesting and issuer dispositions

Rhea-AI Filing Summary

Civeo Corp senior vice president, CFO and treasurer Gerry Elbridge Collin reported routine equity-compensation activity involving phantom shares and common shares. On March 2, 2026, 5,699 phantom shares vested and were exercised into 5,699 common shares, followed by a disposition of 5,699 common shares back to the issuer at $27.82 per share, leaving 3,267 common shares directly held. On March 3, 2026, 2,691 additional phantom shares vested and were exercised into 2,691 common shares, then 2,691 common shares were disposed of to the issuer at $27.03 per share, again leaving 3,267 common shares directly held. The phantom share balances after these transactions were 13,773 on March 2 and 11,082 on March 3, each phantom share being the economic equivalent of one Civeo common share payable in cash.

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)
03/02/2026

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	03/02/2026		M		5,699	A	$0(1)	8,966	D
Common Shares	03/02/2026		D		5,699	D	$27.82	3,267	D
Common Shares	03/03/2026		M		2,691	A	$0(2)	5,958	D
Common Shares	03/03/2026		D		2,691	D	$27.03	3,267	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)	03/02/2026		M			5,699	(1)	(1)	Common Shares	5,699	$0	13,773	D
Phantom Shares	(2)	03/03/2026		M			2,691	(2)	(2)	Common Shares	2,691	$0	11,082	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. 5,699 shares vested on March 2, 2026.

2. 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. 2,691 shares vested on March 3, 2026.

Remarks:

	/s/ E. Collin Gerry, by Bradley J. Dodson, Attorney-in-Fact	03/03/2026
	** 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 activity did Civeo Corp (CVEO) report for its CFO?

Civeo’s CFO Gerry Elbridge Collin reported vesting and exercise of phantom shares into common shares, followed by dispositions of the same number of common shares back to the issuer, reflecting routine equity-based compensation activity rather than open-market buying or selling.

How many phantom shares vested for Civeo (CVEO) CFO in this Form 4?

A total of 8,390 phantom shares vested for the CFO: 5,699 phantom shares vested on March 2, 2026 and 2,691 phantom shares vested on March 3, 2026, each representing the economic equivalent of one Civeo common share payable in cash.

What were the prices for the Civeo (CVEO) CFO’s common share dispositions?

The reported dispositions to the issuer occurred at fixed prices: 5,699 common shares at $27.82 per share on March 2, 2026 and 2,691 common shares at $27.03 per share on March 3, 2026, with no open-market sale activity disclosed in this filing.

Did the Civeo (CVEO) CFO’s Form 4 show open-market stock purchases or sales?

The Form 4 shows exercises of phantom shares into common shares and dispositions of those common shares back to the issuer, coded as derivative exercises and issuer dispositions, rather than open-market purchases or sales on a stock exchange.

What are phantom shares in the Civeo (CVEO) CFO’s compensation?

The phantom shares are described as the economic equivalent of one Civeo common share payable in cash. They vest at various times based on grant date, and when they vest they can be settled in a way that tracks the value of common shares.