Form 4: Civeo Corp Executive Acquires Phantom Shares
SEC Form 4 Filing
Barclay Brewer, Vice President and Controller of Civeo Corp, reports the acquisition of phantom shares under the company's 2014 Equity Participation Plan.
Summary
- On March 2, 2024, Barclay Brewer, Vice President and Controller of Civeo Corp, acquired 5,565 phantom shares.
- These phantom shares were awarded under the 2014 Equity Participation Plan of Civeo Corporation.
- The shares vest in equal installments on each of the first three anniversaries of March 2, 2024.
- Following the transaction, Brewer directly owns 10,791 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's confidence in the company's future performance.
Stakeholder Impact
- The acquisition of phantom shares by a company executive can impact shareholder perception of management alignment with company goals.
- Employees may view this as a positive sign of company performance and stability.
Key Dates
| Date | Description |
|---|---|
| 03/02/2024 | Date of transaction: Acquisition of 5,565 phantom shares. |
| 03/02/2024 | Vesting start date for the phantom shares, with equal installments over the next three years. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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