Form 4: Civeo Corp Executive Allan Schoening Reports Stock Transactions

Allan Schoening, SVP of Canada at Civeo Corp, reports the vesting and subsequent disposal of phantom shares on February 23 and 25, 2024.

Summary

• Allan Schoening, SVP of Canada at Civeo Corp, reported transactions involving Civeo Corp common shares and phantom shares.
• On February 23, 2024, 3,055 phantom shares vested and were subsequently disposed of at a price of $22.40.
• On February 25, 2024, 4,600 phantom shares vested and were subsequently disposed of at a price of $22.40.
• Following these transactions, Schoening directly owns 21,146 common shares.
• After the reported transactions, Schoening beneficially owns 15,311 and 10,711 phantom shares respectively.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider transactions, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they involve the vesting and disposal of phantom shares, which are already accounted for in the company's financials.

Key Dates