Form 4: Civeo Corp Director Montelongo Reports Acquisition and Disposal of Deferred Shares
SEC Form 4
Director Michael Montelongo reports acquiring 5,051 deferred shares and disposing of 15,877 deferred shares of Civeo Corp on May 15, 2024.
Summary
- On May 15, 2024, Michael Montelongo, a director of Civeo Corp, reported a transaction involving deferred shares.
- He acquired 5,051 deferred shares at a price of $0.
- He also disposed of 15,877 deferred shares.
- Following these transactions, Montelongo beneficially owns 15,877 deferred shares.
- The deferred share award vests on the earlier of one year from May 15, 2024, or the next annual shareholders' meeting date.
Sentiment
Score: 5
Explanation: This is a routine 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 stock transactions by a company insider, which is a common practice for publicly traded companies. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects insider trading activity, but the amounts are relatively small.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Acquisition and disposal of deferred shares. |
| 05/15/2024 | Vesting date for deferred shares: earlier of 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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