Form 4: Civeo Corp Director Richard A. Navarre Reports Acquisition of Common Shares

Director Richard A. Navarre reports acquiring common shares of Civeo Corp through restricted stock grants.

Summary

• On May 14, 2025, Richard A. Navarre, a director of Civeo Corp, acquired 2,047 common shares as part of his annual retainer for service as Chairman of the Board.
• These shares are restricted and will vest on the earlier of one year from the grant date or the next annual shareholders' meeting.
• Additionally, Mr. Navarre acquired 6,021 common shares as a restricted stock award, also vesting on the earlier of one year from the grant date or the next annual shareholders' meeting.
• Following these transactions, Mr. Navarre beneficially owns 66,703 common shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a routine disclosure of stock ownership changes. The acquisition of shares by a director is generally viewed positively, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of key personnel.

Key Dates

Keywords

Civeo Corp, Richard A. Navarre, Director, Common Shares, Beneficial Ownership, Restricted Stock, Equity Participation Plan