Form 4: Civeo Corp Director Jagdish Grewal Reports Acquisition and Disposal of Deferred Shares
SEC Form 4
Director Jagdish Grewal reports acquiring 5,051 deferred shares and disposing of 10,998 deferred shares of Civeo Corp on May 15, 2024.
Summary
- On May 15, 2024, Jagdish Grewal, a director of Civeo Corp, engaged in transactions involving the company's deferred shares.
- Grewal acquired 5,051 deferred shares at a price of $0.
- Simultaneously, Grewal disposed of 10,998 deferred shares.
- Following these transactions, Grewal's direct ownership includes 10,998 deferred shares.
- The acquisition of deferred shares is part of the 2014 Equity Participation Plan, vesting one year from May 15, 2024, or at the next annual shareholders' meeting.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the actions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: acquisition and disposal of deferred shares. |
| 05/15/2024 | Vesting date for acquired deferred shares: one year from this date or the next annual shareholders' meeting. |
| 05/17/2024 | Date of signature by Attorney-In-Fact. |
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