Form 4: Civeo Corp Executive Barclay Brewer Reports Share Transactions

Barclay Brewer, Chief Accounting Officer of Civeo Corp, reports the acquisition and disposal of common shares and phantom shares on February 25, 2025.

Summary

• On February 25, 2025, Barclay Brewer, the Chief Accounting Officer of Civeo Corp, engaged in transactions involving the company's common shares and phantom shares.
• Brewer acquired 2,110 common shares at $0 and disposed of 2,110 common shares at $26.96.
• Brewer also acquired 1,376 common shares at $0 due to the settlement of a performance share award.
• Additionally, 614 common shares were disposed of at $26.96.
• Following these transactions, Brewer beneficially owns 9,042 common shares.
• Brewer also disposed of 2,110 phantom shares and now owns 10,412 phantom shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions related to equity compensation. There is no indication of positive or negative sentiment towards the company's performance.

Positives

• The settlement of a performance share award resulted in the acquisition of 1,376 common shares at $0.

Negatives

• The disposal of 2,110 common shares at $26.96 indicates a reduction in direct shareholding.
• The disposal of 614 common shares at $26.96 indicates a reduction in direct shareholding.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of company executives and assess their confidence in the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions reported are typical for executives receiving and managing equity compensation.
• There are no specific benchmarks to compare these transactions against, as they are individual to the reporting person and their compensation package.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly diluting the share base due to the issuance of shares from the performance share award.

Key Dates