STOCK TITAN

Civeo (NYSE: CVEO) chairman receives 1,232 restricted common shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NAVARRE RICHARD A reported acquisition or exercise transactions in this Form 4 filing.

Civeo Corp director Richard A. Navarre received an equity grant of 1,232 common shares as part of his annual retainer for serving as Chairman of the Board. The award was made at no cash cost per share and is structured as restricted common shares.

According to the disclosure, these restricted shares vest on the earlier of one year from May 27, 2026 or the date of the next annual shareholders' meeting. Following this grant, Navarre directly holds a total of 71,559 Civeo common shares.

Positive

  • None.

Negative

  • None.
Insider NAVARRE RICHARD A
Role null
Type Security Shares Price Value
Grant/Award Common Shares 1,232 $0.00 --
Holdings After Transaction: Common Shares — 71,559 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Restricted share grant 1,232 shares Restricted common share portion of annual retainer
Grant price per share $0.00 per share Equity grant, not open-market purchase
Total shares after transaction 71,559 shares Common shares directly held by Navarre after grant
Vesting condition Earlier of one year from May 27, 2026 or next annual meeting Vesting schedule for restricted common shares
Restricted common share financial
"Restricted common share portion of annual retainer granted under the Amended and Restated 2014 Equity Participation Plan"
annual retainer financial
"Restricted common share portion of annual retainer granted under the Amended and Restated 2014 Equity Participation Plan"
Equity Participation Plan financial
"granted under the Amended and Restated 2014 Equity Participation Plan of Civeo Corporation"
Chairman of the Board of Directors financial
"for service as Chairman of the Board of Directors that vests on the earlier of one year"
vests financial
"that vests on the earlier of one year from May 27, 2026 or the next annual shareholders' meeting date"
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SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
NAVARRE RICHARD A

(Last)(First)(Middle)
333 CLAY STREET, SUITE 4400

(Street)
HOUSTON TEXAS 77002

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Civeo Corp [ CVEO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Shares05/27/2026A1,232(1)A$071,559D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Restricted common share portion of annual retainer granted under the Amended and Restated 2014 Equity Participation Plan of Civeo Corporation for service as Chairman of the Board of Directors that vests on the earlier of one year from May 27, 2026 or the next annual shareholders' meeting date.
Remarks:
/s/ Bradley J. Dodson, Attorney-In-Fact05/28/2026
** Signature of Reporting PersonDate
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Civeo Corp (CVEO) report for Richard A. Navarre?

Civeo Corp reported that director and Chairman Richard A. Navarre received a grant of 1,232 restricted common shares as part of his annual retainer. The grant was recorded at a price of $0.00 per share as compensation, not an open-market purchase.

How many Civeo (CVEO) shares does Richard A. Navarre hold after this Form 4?

After this equity grant, Richard A. Navarre directly holds 71,559 Civeo common shares. This total includes the newly awarded 1,232 restricted shares granted as part of his annual retainer for service as Chairman of the Board of Directors.

What are the vesting terms of the 1,232 restricted Civeo (CVEO) shares granted to Navarre?

The 1,232 restricted common shares granted to Richard A. Navarre vest on the earlier of one year from May 27, 2026 or the date of Civeo’s next annual shareholders' meeting, aligning the award with his continued board service and the company’s governance cycle.

Was the Civeo (CVEO) share grant to Richard A. Navarre an open-market purchase?

No, the transaction was not an open-market purchase. It is coded as an "A" transaction, described as a grant, award, or other acquisition, with a price per share of $0.00, reflecting stock-based compensation rather than a cash-funded share purchase.

What plan governs the restricted share grant reported in Civeo’s (CVEO) Form 4?

The restricted common share grant was made under the Amended and Restated 2014 Equity Participation Plan of Civeo Corporation. The footnote explains that it represents the restricted share portion of Richard A. Navarre’s annual retainer for serving as Chairman of the Board.