Civeo CFO reports phantom share vesting
Civeo Corp senior vice president, CFO and treasurer Gerry Elbridge Collin reported routine equity-compensation activity involving phantom shares and common shares.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Shares | 2,691 | $0.00 | $0.00 |
| Exercise | Common Shares | 2,691 | $0.00 | $0.00 |
| Disposition | Common Shares | 2,691 | $27.03 | $73K |
| Exercise | Phantom Shares | 5,699 | $0.00 | $0.00 |
| Exercise | Common Shares | 5,699 | $0.00 | $0.00 |
| Disposition | Common Shares | 5,699 | $27.82 | $159K |
Footnotes (2)
- 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. 5,699 shares vested on March 2, 2026.
- F2. 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.
FAQ
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What insider activity did Civeo Corp (CVEO) report for its CFO?
Did the Civeo (CVEO) CFO’s Form 4 show open-market stock purchases or sales?
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